The Truth About Bankruptcy

Education is the key to making any decision. At the law firm of Bryan P. Keenan & Associates, P.C., in Pittsburgh, Pennsylvania, we understand bankruptcy laws. We are dedicated to providing you with the education you need to make an informed decision about filing Chapter 7 or Chapter 13 bankruptcy.

We would like to start the education process by dispelling the following five bankruptcy myths:

Myth No. 1: You Will Lose All Your Property

This is simply not true. In fact, bankruptcy can be a valuable tool for stopping repossession and keeping your property.

Myth No. 2: Your Credit Will Be Ruined

If you are considering bankruptcy, most likely your credit is already severely damaged. Filing bankruptcy is actually the first step to rebuilding your creditworthiness.

Myth No. 3: Most People Don't Qualify For Bankruptcy

New bankruptcy laws passed within the last few years have caused many people to believe that the doors are closed. This is not the case.

Myth No. 4: Only Irresponsible People File For Bankruptcy

This is simply nonsense. In reality, most people who file for bankruptcy have encountered an unexpected event such as job loss, a medical emergency or divorce.

Myth No. 5: Bankruptcy Is A Last Resort

Instead of using bankruptcy laws for their benefit, many people first turn to other options such as cashing in retirement accounts, borrowing from one credit card to pay off another or taking out a second mortgage. These options often cause much more harm than good. For most, filing bankruptcy is the better choice.

What Else Have You Heard About Bankruptcy?

Our law firm is here to clear up any misconceptions you may have about bankruptcy. You have the right to get answers directly from an attorney who understands the law. We want to educate you. When you choose us, you can be certain that we will provide you with an honest assessment of your options. The guidance we provide will be personalized for your situation and in your best interest.

Ready To Debunk More Bankruptcy Misconceptions?

Schedule a free consultation at our Pittsburgh office to learn more. Arrange yours today by calling 412-923-4941 or by sending us an email.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.