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Benefits of Bankruptcy

Will I Get Fired If I File For Bankruptcy?

Bankruptcy DiscriminationAs a single woman living in Ozone Park, Queens, Jocelyn M. was petrified that if she filed for Bankruptcy everyone she knew would find out. The fear of public embarrassment prevented her from addressing her credit card problems. The amount of collection calls steadily increased and so did her anxiety. Desperate for a cheap way to address her credit card bills she investigated how Bankruptcy could improve her situation.

 

Jocelyn met with the attorney at Doyaga & Schaefer who assured her that it was her legal right to seek a discharge in Bankruptcy and that it was illegal for an employer to discriminate against her. In real life terms she was comforted by the reality that the fresh start bankruptcy provides is looked at far more positively than large unpaid bills and aggressive creditor lawsuits. It all made sense to Jocelyn, a debt free life is nothing to be embarrassed about.

 

Jocelyn received her discharge. Her employer of 2 years never found out she filed for Bankruptcy. But even if he did Jocelyn was now confident that he would agree that people, especially a trusted hard working employee deserves a second chance.

The Benefits of Bankruptcy

After the current bankruptcy law went into effect in 2005, many people were left with the impression that bankruptcy relief was no longer available or too difficult to obtain. Nothing could be further from the truth.

The Myths of Bankruptcy

Like most formidable situations, bankruptcy has earned its reputation based on very few truthful facts and too many false embellishments. The majority of the myths about bankruptcy have begun since the current bankruptcy laws went into effect in 2005. But have no fear, once you know the facts, filing for bankruptcy is not nearly as terrifying as it first appears. Here are some of the most common myths about bankruptcy and what you need to know before you clean your slate.
 
Myth #1: It is difficult to file for bankruptcy.
 

Who Files Chapter 13 Bankruptcy?

In October 2005, the laws which govern Chapter 13 bankruptcy changed. One of the more significant ways the law changed dealt with the eligibility requirements for filing for Chapter 7 and Chapter 13 bankruptcy.

How Flexible is Chapter 13 Bankruptcy?

Before filing for bankruptcy, it is crucial to understand all the facts. Since you may not be an expert in bankruptcy law, the questions you might have about the process have answers that are anything but clear. Not only are there different types of bankruptcy, Chapter 7 and Chapter 13, but there are also significant differences between the two.

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