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Kovacs Law, P.C. Kovacs Law, P.C.
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Bankruptcy Myths Dedicated to Helping People Get a Fresh Start

Myths About Bankruptcy

Put Years of Experience in Your Corner

Bankruptcy has had a negative perception for many years in the United States. This is due to the large number of myths about the process that continue to be circulated throughout society. Examples of these myths include:

  • I will lose my house and vehicle if I file for bankruptcy - Bankruptcy is not a punishment meant to strip you of your personal possessions. Most assets are exempted from the Chapter 7 bankruptcy process , meaning you keep all your property (including cars, homes, cash and money in the bank), and Chapter 13 bankruptcy does not involve the loss of any assets. It is very possible that you will be able to keep your house and vehicle even though you have filed for bankruptcy.
  • My credit will be ruined after bankruptcy - Credit is ruined by one's inability to pay debts, not by bankruptcy. Bankruptcy serves to give you a financial clean start, which will likely improve your credit significantly in the long run, provided you do not become overwhelmed by debt again.
  • Most people are able to rebuild their credit in 2 - 3 years after filing
  • Small loans such as credit cards or high interest car loans are likely available within a few months if not a few days after filing
  • Your name is not published in the newspaper - it is true that bankruptcy is public record, however unless you are a famous athlete (like former Celtics Captain Antoine Walker who recently filed bankruptcy) no one will ever know you filed unless you tell them
  • Bankruptcy indicates failure or defeat on my part - Bankruptcy has been utilized by countless Americans, many of whom suffered financial strain that they did not cause. The process is not an admission of defeat, it is a solution that may help you permanently get out of debt.
  • Bankruptcy is not the end but a new beginning

If you are shopping around researching bankruptcy lawyers in Worcester MA, then contact our office today to receive a free case evaluation. A lawyer is available to fully answer your questions about the bankruptcy process, as well as assist you in filing for the Chapter that suits your financial situation.

Bankruptcy Help in Worcester

Kovacs Law, P.C. is committed to educating people about the bankruptcy process and assisting them in completing their bankruptcy proceedings. Our firm has seen firsthand how beneficial bankruptcy can be, and how it can enable individuals to start over free from the burden of significant debt. We are available to provide you with help in your bankruptcy case that may substantially increase the likelihood of a successful filing.

Contact a lawyer from our firm for information and assistance relating to filing for bankruptcy.

Divorce & Family Law
We're also available to help you and your family overcome complex legal cases. Our team has decades of experience navigating cases involving divorce, child custody, spousal support, and other family law matters.
Go to our Family Law Site

Real Stories From Real People

Hear It Directly From Our Clients
    I would recommend him to anyone.
    “Bankruptcy expert very easy to deal with, friendly service, took care of all Communication and scheduling with the courts. I didn’t have to deal with anyone but him. I really enjoyed dealing with him.”
    - Colin D.
    Extremely professional, supportive, and worked diligently!
    “If you need someone to be straight forward with you, tell you like it is, and help guide you through the bankruptcy process, this is the guy. We are very thankful!”
    - Christina P.
    Very professional and thorough!
    “Very thankful to Robert and his office staff. Very professional and thorough and I would highly recommend Kovacs Law, P.C.”
    - Michael K.
    The year process was easy and stress free and he helped us in every way.
    “Mr. Robert Kovac did an excellent job with my parents bankruptcy case. The year process was easy and stress free and he helped us in every way.”
    - Carolina R.
    He takes his time and puts you at ease.
    “Due to Robert's compassion, I no longer have the stress and worry about my finances. Thank you, Robert, for giving me my life back!”
    - Lynn C.
    Would recommend, 100%.
    “He walked me through the bankruptcy steps slowly and answered all of my questions. Even on days he was clearly extremely busy, I never felt rushed with him. Would recommend, 100%.”
    - Nina G.
    He has lots of knowledge and experience in the process.
    “His very attentive and shows empathy towards his clients and does not treat you just like another case load.”
    - Nuh M.
    Everything was complete on trip one! What a relief.
    “Robert Kovacs and his firm did a thorough job and I was completely satisfied with him and his staff. He handled all the details and there were no surprises.”
    - Elizabeth
    From the time I started my process to the time it was finished I was always treated with respect and consideration.
    “From the time I started my process to the time it was finished I was always treated with respect and consideration.”
    - Former Client

Help Is Within Your Reach

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