Helping Individuals Filing for Bankruptcy in Hillsborough County and Florida
If you are in the middle of financial turmoil and are considering filing for bankruptcy, it is important that your decision is backed by the facts. Many people have misconceptions about how bankruptcy will impact their lives. These misconceptions may make it hard to achieve the debt relief you need. An experienced, knowledgeable lawyer can give you the information that you need.
People in Apollo Beach and the surrounding areas have turned to the lawyers of Nicole M. Cameron for the facts about bankruptcy. Some of the more common bankruptcy myths are below:
- I will lose my job if I file for bankruptcy: Your employer will not be contacted if you file for bankruptcy. Under the Bankruptcy Code, your employer cannot fire you solely because you filed for bankruptcy.
- I will not be able to get credit if I file for bankruptcy: Bankruptcy will remain on your credit report for many years. With that said, you will have chances to build your credit after you file for bankruptcy. After your bankruptcy, we recommend getting a gas card, making small charges and paying them immediately. After two years, you should start to receive more favorable credit offers.
- If I file for bankruptcy, I can keep a credit card if it is paid in full: This is not true. When credit card companies see that you have filed bankruptcy, they will cancel your credit.
- My car is exempt from bankruptcy: Simply stated, this is not likely. Under Florida law, there is a $1,000 exemption for the value of one motor vehicle. Therefore, unless your car is in especially poor condition, you will not automatically be able to keep your automobile if you file for bankruptcy. With that said, if you are behind on your car payments, bankruptcy may help you reduce your payments and your interest rates.
- If I surrender my home in bankruptcy, I do not have to pay my HOA dues: Under the law, any homeowners' association dues you owe after you file for bankruptcy are not discharged in bankruptcy. Therefore, the HOA dues are your responsibility until the property is disposed of.
Dispelling Bankruptcy Myths and Giving Straight Answers • Nicole M. Cameron
Bankruptcy is a major decision in your life. Get the facts first. Call 813-645-8787 or e-mail our attorneys to set up your free initial consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.