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Plain Talk From A Clarksville Bankruptcy Lawyer

Dispelling Myths About Bankruptcy

Our bankruptcy system was put in place to help people get debt relief and a fresh financial start. However, many people with unmanageable debts have unfounded fears about bankruptcy, preventing them from taking advantage of the many benefits that filing bankruptcy can bring.

At Wilson Legal Services, we provide straight answers about bankruptcy. If you have questions about bankruptcy and whether it is right for you, attorney Scott D. Wilson can provide you with guidance.

Unfounded Fears About Bankruptcy

Some of the most common misconceptions about bankruptcy are discussed below. In a free consultation, we can answer your questions, explain what bankruptcy can and cannot do and discuss your debt relief options.

Bankruptcy fear #1If I file bankruptcy, I’ll lose everything I have.

In fact, the vast majority of people who file bankruptcy are able to keep all of their property. The bankruptcy laws provide numerous exemptions that can put property out of the reach of creditors. At Wilson Legal Services, we understand these exemptions and how to use them to help our clients keep as much property as possible.

Bankruptcy fear #2 — My credit rating will be ruined for life.

Not true. Your credit rating will actually begin to improve not long after you file bankruptcy. You will be able to buy a car on credit almost immediately after your bankruptcy hearing. You should be able to buy a house about two years after the final discharge of your debts.

Bankruptcy fear #3 — My neighbors and friends will learn about my bankruptcy.

While a bankruptcy is a matter of public record, few if any people take the time to comb through those records. Besides, these days bankruptcy does not carries a stigma if it ever did.

Bankruptcy fear #4 — Filing bankruptcy will harm my career prospects.

As mentioned above, filing bankruptcy can actually improve your credit rating. This can prove beneficial to many job seekers, especially those seeking a job requiring a security clearance.

Bankruptcy fear # 5 — Bankruptcy is an admission of failure.

On the contrary, filing bankruptcy is a positive response to the situation you are in — a situation that may have been caused by factors beyond your control. By filing bankruptcy, you are taking action to regain control over your life.

Nowadays, many people are in the same position as you are: saddled with heavy debts and fearful of the future. But you do not have to stay in this rut. You can get relief from unmanageable debts and a brighter future for you and your family. Let Wilson Legal Services show you the way forward.

Free Consultation With A Lawyer

To learn more about the benefits of filing bankruptcy and how we can help you, contact Wilson Legal Services. We have offices in Clarksville, Nashville and Lebanon, Tennessee, to serve you.

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

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Office Location

Wilson Legal Services

120 4th Street
Clarksville, TN 37040

Phone: 615-297-2400
Fax: 615-634-0241

Nashville Office

405 1/2 A 31st Avenue North
Nashville, TN 37209

Phone: 615-297-2400
Fax: 615-634-0241

Lebanon Office

120 Public Square
Lebanon, TN 37040

Phone: 615-297-2400