Common Myths About Bankruptcy

If myths and misconceptions about personal bankruptcy filings have caused you to become concerned about what happens afterward, experienced Louisville attorney Allan E. Dunaway can give you the facts you need and set your mind at ease.

As if the unnecessary stigma and embarrassment felt by bankruptcy filers isn't enough, a number of half-truths have gathered around the subject since changes in the Bankruptcy Code in 2005. At the Law Office of Allan E. Dunaway, PLC, in Louisville, Kentucky, and Jeffersonville, Indiana, we work hard to give you peace of mind when it is obvious that a bankruptcy protection strategy is right for you.

Since 1999, Mr. Dunaway has successfully advised people just like you, with families just like yours, separating bankruptcy facts from fiction and giving you the strength to move on to the next chapter in your life.

Whether the option you choose is Chapter 7 liquidation, Chapter 13 reorganization or an alternative to bankruptcy, whether you are addressing a divorce and a bankruptcy simultaneously or wondering if you will ever have good credit again, Allan E. Dunaway can help. Our law firm is on your side.

Attorney Allan E. Dunaway Dispels The Common Myths About Bankruptcy

Here are just a few of the myths circulating about bankruptcy that have prevented people from filing, and seeking the true debt relief they need:

  • My bankruptcy means that I have been financially irresponsible.
  • Everyone — from friends to distant relatives and business associates — will know that I have filed.
  • A bankruptcy filing ruins my credit record forever.
  • If I file, I will lose everything — my home, my motor vehicles and other prized possessions.
  • I will be unable to collect a tax refund.
  • I can only file for bankruptcy once.
  • Filing will cost me my job.

During your free initial consultation, Allan E. Dunaway will explain why these and other creditor-perpetuated myths are incorrect. He will answer your questions and help you chart a course of action that is specifically tailored to suit your unique legal and financial needs. He understands that many people do not bring bankruptcies upon themselves. He knows the role that any sudden, expensive emergency can play when clients suddenly find themselves in dire financial straits.

Contact the Law Office of Allan E. Dunaway, PLC. Your initial consultation is free. Call us in Kentucky or Indiana toll free at 800-392-0352 or send an email. Our law office is open 8 a.m. to 5 p.m. Evening and weekend hours are available by appointment.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.