Stigma of Bankruptcy

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It used to be the case that bankruptcy carried with it a heavy stigma, forcing individuals with financial troubles to avoid facing the problem altogether. This course of action most often led to even deeper debt and more severe emotional distress. In today’s questionable and constantly changing economy, however, more and more people are beginning to see that filing for bankruptcy is not only a more common financial solution, but more a practical one as well.

There are many common myths that surround the subject of bankruptcy. Unfortunately, each of these untrue rumors serves to contribute to the stigma most frequently associated with this important financial decision. Many individuals believe that filing for bankruptcy will result in the loss of a job or an inability to obtain one at all. Another myth states that a person must be absolutely destitute of all money and possessions before bankruptcy can be filed. This, just like the first notion, is absolutely untrue. In fact, if a family waits until their house and car have been repossessed, they have not truly taken advantage of what bankruptcy is designed to provide.

If an individual in need of reliable financial advice is presented with these myths, he or she may be less likely to file for bankruptcy. It is important, then, for people considering this option to gain a fundamental basis of knowledge concerning bankruptcy. Contacting a certified bankruptcy lawyer is the most efficient method available, as these attorneys are inherently the most trustworthy source of this information.

After a financially compromised family contacts a lawyer concerning their situation, that attorney is able to begin the process of protecting that family’s rights and personal property. Potentially protected property may include a house, vehicles, furniture, appliances, computers and other possessions within the home. Retirement accounts and bank accounts are automatically exempt from bankruptcy law. Only an experienced bankruptcy attorney is able to determine which other items in a particular case will be exempt. Due to the nature of bankruptcy cases, these delicate situations are time-sensitive. This is why it is so crucial that a lawyer be contacted as soon as possible after the decision to consider bankruptcy is made.

A qualified attorney with experience in this field is fully equipped with the knowledge and expertise required to help bankruptcy clients make informed decisions regarding their financial situations. Because each and every set of financial circumstances is different, the bankruptcy lawyers who handle these cases make a point of providing close and personal care to each client. All aspects of the situation are taken into account, personally assessed and organized following the most effective and strategic plans available. Protection of clients’ rights and property are top priority, as is the pursuit of justice, in each and every bankruptcy case.

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O'Fallon, IL Bankruptcy Attorney

1 Eagle Center, Suite #3A
O'Fallon, IL 62269

(618) 235-9800 Office

(618) 235-9805 Fax


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Mt. Vernon, IL Bankruptcy Attorney

4140 Broadway
Mt. Vernon, IL 62864

(618) 235-9800 Office

(618) 235-9800 Fax


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Marion, IL Bankruptcy Attorney

4501 W DeYoung Street, Suite 208
Marion, IL 62959

(618) 235-9800 Office

(618) 235-9800 Fax


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Carrollton, IL Bankruptcy Attorney

522 N. Main Street
Carrollton, IL 62016

(618) 235-9800 Office

(618) 235-9800 Fax


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Granite City, IL Bankruptcy Attorney

1600 Pontoon Road, Suite B
Granite City, IL 62040

(618) 235-9800 Office

(618) 235-9805 Fax


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Effingham, IL Bankruptcy Attorney

304 E Jefferson Ave., Suite D
Effingham, IL 62401

(618) 235-9800 Office

(618) 235-9805 Fax


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Belleville, IL Bankruptcy Attorney

7012 W Main Street
Belleville, IL 62223

(618) 235-9800 Office

(618) 235-9805 Fax


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Mounds, IL Bankruptcy Attorney

429 S Blanche Street, Suite 2A
Mounds, IL 62964

(618) 235-9800 Office

(618) 235-9805 Fax


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Salem, IL Bankruptcy Attorney

2721 S. Broadway (Rt. 37 South)
Salem, IL 62881

(618) 235-9800 Office

(618) 235-9805 Fax


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Red Bud, IL Bankruptcy Attorney

205 E. Market Street
Red Bud, IL 62278

(618) 235-9800 Office

(618) 235-9805 Fax


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Olney, IL Bankruptcy Attorney

101 S. Elliott Street
Olney, IL 62450

(618) 235-9800 Office

(618) 235-9805 Fax


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Alton, IL Bankruptcy Attorney

307 Henry St., Suite 300
Alton, IL 62002

(618) 235-9800 Office

(618) 235-9805 Fax


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Edwardsville, IL Bankruptcy Attorney

2110 Troy Road, Suite G
Edwardsville, IL 62025

(618) 235-9800 Office

(618) 235-9805 Fax


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Carmi, IL Bankruptcy Attorney

101 S Church St.
Carmi, IL 62821

(618) 235-9800 Office

(618) 235-9805 Fax


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