Augusta GA Bankruptcy lawyer

Augusta GA Bankruptcy lawyer – Bankruptcy Facts

Bankruptcy falsehoods in Columbia County Georgia

EMPLOYERS WONT EMPLOY YOU AND YOU WILL NOT BE ABLE TO LEASE AN APARTMENT IF YOU FILE BANKRUPTCY
This is not true. Employers do not like to have workers that will be contacted by creditors and their collection tactics at the office or at home, because then the employee is unfocused and anxious about their financial situation. Nor does the employer want to deal with the additional accounting due to wage executions. Also, landlords prefer tenants who can use their wages to pay rent, not those paying off debts instead.

BEFORE FILING, YOU MIGHT AS WELL USE YOUR CREDIT CARDS TO THE MAX

This is again not true. Any large purchases of more than $550 for luxury goods bought within 90 days prior to filing and cash advances of $825 within 70 days prior to filing will not be discharged. Such activity could result in criminal charges against you. Bankruptcy is not meant as a way to deceive creditors and instead for the debtor who is trying to get a fresh start.
YOU SHOULD DO EVERYTHING YOU CAN TO AVOID FILING BANKRUPTCY; INCLUDING LIQUIDATING ACCOUNTS
Once again, this is false. Retirement funds are one of the exemptions, which means they are protected in bankruptcy. If you decide to cash your retirement funds prematurely to pay creditors, there will be taxes and penalties on those retirement withdrawals, by the IRS, if not repaid. You should consult with a bankruptcy attorney to find out what assets of yours will be excused in a bankruptcy filing.