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West Palm Beach Divorce Attorney > Blog > Bankruptcy > Dispelling Myths Surrounding Bankruptcy in West Palm Beach 

Dispelling Myths Surrounding Bankruptcy in West Palm Beach 

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Bankruptcy is more common than many people think. At Bruce S. Rosenwater & Associates, P.A., we understand how confusing misinformation regarding bankruptcy in West Palm Beach can be. We work to assist many clients through their bankruptcy processes, and we may be able to help you too! Before working through bankruptcy, it’s important to dispel the myths about this process. If you’re ready to break free from debt, it may start by contacting our attorneys to learn more about the opportunities bankruptcy can present.

What are common myths about bankruptcy in West Palm Beach?

When you’re facing more debt than you can handle, when you’re fighting foreclosure and when you’re dealing with constant calls from debt collectors, bankruptcy may be a solution. At Bruce S. Rosenwater & Associates, P.A., we work with many types of bankruptcy in West Palm Beach. Personal bankruptcy takes many forms, including Chapter 13 and Chapter 7 bankruptcy. We’re here to help you understand how to dispel bankruptcy myths. We’re here to set the record straight on common bankruptcy myths:

  • I won’t qualify for bankruptcy. While there are varying types of bankruptcy and thus different requirements, it is not true that you may be denied altogether. If you don’t qualify for Chapter 7 bankruptcy, you may qualify for Chapter 13 bankruptcy in West Palm Beach. Essentially, if you owe more than you earn, you will more than likely qualify for bankruptcy. To learn about your specific qualifications, contact our attorneys at Bruce S. Rosenwater & Associates, P.A.

  • I’ll have to give up everything I own. While you Chapter 7 bankruptcy may involve asset exchange for relief from debt, most people do not lose their possessions. In fact, in most cases, you can retain property ownership without losing your assets. In Chapter 13 bankruptcy, you may be able to refinance debts without any asset exchange at all. Each case varies, so it’s important to contact a bankruptcy attorney in West Palm Beach that you can trust to understand your best fit.

  • It’s a complicated process. It’s true that bankruptcy in West Palm Beach can be complex, but the right legal help can make all the difference. Our attorneys at Bruce S. Rosenwater & Associates, P.A. can help ensure that your bankruptcy process runs smoothly, defending your best interests throughout.

It’s important to understand all of the benefits offered by bankruptcy in West Palm Beach. If you’re dealing with debts that just won’t go away, it’s time to call on our team at Bruce S. Rosenwater & Associates, P.A. Our attorneys offer personalized assistance for your bankruptcy case, working to defend your best interests. Call us today to get started!

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