At The Gohari Law Firm, LLC we have heard every bankruptcy myth imaginable.  Below are some of the most common bankruptcy myths that we dispel on a regular basis:

1. Filing for bankruptcy takes a long time and costs a lot of money.  This statement is false as most bankruptcy cases take 4 to 6 months.  Additionally, if people do not address their debts, it will cost them more money over time than it would if they had confronted the problem and filed for Chapter 7 or Chapter 13.   At The Gohari Law Firm, LLC, most of our clients are amazed at how affordable our rates are and are even more surprised when they are able to get out of debt within a short amount of time.
2. You will never get a credit card or loan if you file for bankruptcy.  This is absolutely untrue as many people are able to obtain credit lines and loans after they have filed for bankruptcy.  Also, bankruptcies are removed from a person’s credit report after 7 to 10 years, which means that they may be able to obtain credit cards and loans if they act financially responsible in the years following their bankruptcy.
3. People who file for bankruptcy lose their homes.  Often times, people are able to avoid losing their homes by filing for bankruptcy.  In fact, many people choose to file for bankruptcy in order to protect their homes from foreclosure.
4. People can only file for bankruptcy once in their lives.  This belief is completely false as people can file for bankruptcy every 8 years as long as they meet state and federal eligibility requirements.
5. I can avoid paying child support if I file for bankruptcy.  While your unsecured debts may be discharged after you file for bankruptcy, you will still have to make your child support payments each month.

Maryland Bankruptcy Lawyers

At The Gohari Law Firm, LLC we will do everything we can to provide you with personal attention throughout the bankruptcy process.  Contact us today to learn how Behzad Gohari and The Gohari Law Firm, LLC can make a positive difference in your bankruptcy case.  Call 301-761-3000, or complete the form to the right.

The Gohari Law Firm, LLC. represents individuals who wish to file for bankruptcy in Maryland.