Jones County Georgia Bankruptcy lawyers – Bankruptcy Fact and Faction
The Truth about bankruptcy in Macon Georgia
EMPLOYERS WONT HIRE YOU AND YOU WILL NOT BE ABLE TO LEASE AN APARTMENT IF YOU FILE BANKRUPTCY
This is incorrect. Employers do not like to have workers that will be contacted by creditors and their collection tactics at the office or at home, as then the worker is unfocused and anxious about their financial situation. Nor does the employer want to deal with the additional accounting due to wage executions. Furthermore, landlords prefer tenants who can utilize their wages to pay rent, not those paying creditors instead.
PRIOR TO FILING, YOU MIGHT AS WELL MAX OUT YOUR CREDIT CARDS.
This is again false. Any large purchases above $550 for luxury goods bought within 90 days prior to filing and cash advances of $825 within 70 days before filing wont be discharged. Such activity could result in criminal charges against you. Bankruptcy is not for deceiving creditors and instead for the debtor who is trying to get a new beginning.
YOU SHOULD DO ALL THAT YOU CAN TO AVOID FILING BANKRUPTCY; INCLUDING LIQUIDATING FUNDS
Once again, this is incorrect. Retirement funds are one of the exemptions, which means they are untouched in bankruptcy. If you decide to draw upon your retirement funds prematurely to pay creditors, there will be taxes and penalties on those retirement withdrawals, by the IRS, if you do not repay. You should talk to a bankruptcy lawyer to determine what assets of yours will be precluded in a bankruptcy filing.
———————
Macon Georgia bankruptcy lawyer | Bankruptcy attorneys in Macon GA and Warner Robins – Filing for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy in Macon GA
http://www.macongabankruptcy.com
Comments on this entry are closed.