BANKRUPTCY

At The Ferrara Law Firm, we serve the needs of individuals struggling with their debts. The recent pandemic of Covid-19 will force many people into unwanted bankruptcy. Many people are scared of bankruptcy due to the myths surrounding Bankruptcy law and bankruptcy attorneys. We can assure you that many of these myths are untrue and unfounded. Bankruptcy is a process designed to protect debtors and help them restart their financial lives by giving them debt relief when they need it most. Debunking Bankruptcy Myths There are several myths that make people very afraid of bankruptcy. We will work with you to debunk them.

A few common myths we hear a lot include the following:

• You cannot restore your credit after bankruptcy: False. I can work with you to have your credit back to normal or better in less than five years. By working with credit counselors, financial planners and taking other proven steps, I will show you how to get back on the path to financial success.

• You cannot buy a home after filing for bankruptcy: False. It is completely possible to buy a home after the credit restoration steps listed above have been done. In three to five years, your credit should be back on track.

• You can only file once in your life: False. There are statutory limitations to how often an individual can file bankruptcy, but there is no law stating that a person may only file once in his or her life. By speaking with me, you will know all of your bankruptcy options and which ones will work best for your situation.

• You will lose everything you own: False. There are many statutory exemptions in federal law that allow you to keep certain property. The amount of property loss will also vary depending on which chapter of bankruptcy you file.

Contact A Proven South Carolina Bankruptcy Lawyer Call 843-569-5511 or send me a personal email to learn more about how we can help you through this trying time. We want to help people file for bankruptcy relief under the Bankruptcy Code and help you rebuild your life.