NORCROSS, GA, August 15, 2012 (Press-News.org) Chapter 7 bankruptcy offers a fresh start, which can be a life-saver for those with insurmountable unsecured debt. However, due to the many common misconceptions surrounding Chapter 7 bankruptcy, many people are hesitant to file. The Orlando bankruptcy attorneys at Clark & Washington hope to relieve these concerns by exposing the truth about these Chapter 7 myths.
Myth 1: It is almost impossible to be eligible for Chapter 7.
Since 2005, anyone filing for Chapter 7 bankruptcy is required to pass a means test. This test compares your income to your state's medium income. You are automatically eligible for chapter 7 if the medium income exceeds your own, but you can still qualify if this is not the case, as long as you can show that your disposable income is not sufficient to cover your debts.
Myth 2: You will lose your belongings.
Although certain assets may be repossessed by your creditors, most of your personal assets will be protected by bankruptcy exemption laws.
Myth 3: Your credit will be permanently ruined.
Although your bankruptcy will have an initial impact on your credit, it will not cause long-term damage. You will be able to begin rebuilding credit relatively quickly after your Chapter 7 bankruptcy, and may eventually be able to reach a point where your credit is even better than it was before you filed.
Myth 4: I will lose my job and will not be hired for future jobs.
Employers are forbidden by law to fire or refuse to hire someone due to their bankruptcy status. Furthermore, unless you choose to tell a potential employer about your bankruptcy or authorize a background check, they are unlikely to know about it.
People believe all sorts of things about chapter 7 bankruptcy, and much of it is completely innaccurate. If you are in a desperate financial situation and considering filing for bankruptcy in Orlando, you deserve the truth. Contact Clark & Washington to set up a free, no-obligation consultation with an Orlando bankruptcy lawyer at http://www.orlando-bankruptcy-help.com.
About Clark & Washington
Established in 1983, Clark & Washington is now one of the leading bankruptcy filers in the southeast. They have locations in Georgia, Florida, and Tennessee. Clark & Washington specializes in personal chapter 7 and chapter 13 bankruptcy. They offer honest, helpful legal advice to those experiencing financial hardships.
For more information visit: http://www.orlando-bankruptcy-help.com.
For all media inquiries, please contact:
Anne DeVito
Project Coordinator
Cardinal Web Solutions
http://www.CardinalWebSolutions.com
Orlando Bankruptcy Attorneys Separate Chapter 7 Fact from Fiction
Orlando bankruptcy firm Clark & Washington clears up some common false beliefs concerning chapter 7 bankruptcy.
2012-08-15
ELSE PRESS RELEASES FROM THIS DATE:
Kitchen Inspire Makes It Easy for Restaurant Owners to Keep Knives Sharp
2012-08-15
Touted as one of the world's best knife sharpeners, the Accusharp 001 knife sharpener will sharpen any double edged knife. This includes both thick and thin knife blades and even sharpens serrated blades. This handy little knife sharpener does all of this with ease and speed.
The convenience and quality of this knife sharpener makes it a must-have for any restaurant kitchen, catering business, or even in-home use for those that take cooking seriously. Having dependable, sharp knives is essential to any foodservice operation. The Accusharp model from Kitchen Inspire ...
Atlanta Bankruptcy Attorneys Debunk Chapter 7 Bankruptcy Myths
2012-08-15
Filing for Chapter 7 bankruptcy can be a life-saving solution for those with out-of-control unsecured debt. However, many are hesitant to file due to some common misconceptions. The Atlanta bankruptcy attorneys at Clark & Washington hope to clear up some of these false notions by presenting the facts about Chapter 7 bankruptcy.
Myth 1: It is very difficult to qualify for Chapter 7.
In 2005, legislation was passed to require that those who file for Chapter 7 bankruptcy first pass a means test, which compares your income to the medium income in your state. If your ...
Atlanta Moving Company A.C. White Offers Tips on Moving Sales
2012-08-15
The Atlanta moving professionals at A.C. White Relocations want to offer some advice on getting rid of unwanted items to streamline moving in Atlanta. When planning a move, it is a prime time to purge a home of items that are no longer needed. Many items could be thrown away, but there are always belongings that still hold some value and would gladly be purchased by someone else.
The first step is to get organized. Take a systematic approach that will ensure that nothing is missed. Once all of the unwanted items have been selected, the next step is to determine the current ...
Atlanta Pest Control Company North Fulton Pest Solutions Offers Roswell Pest Control
2012-08-15
Atlanta pest control company North Fulton Pest Solutions wishes to inform the public that the company also offers pest control in Roswell, GA.
North Fulton Pest Solutions has over 40 years of experience in providing pest control services to homes and businesses in Atlanta, beginning in 1970 with founder Pat Maddox. Originally focusing solely on termites, the company expanded into pest control and wildlife removal after it was acquired by Roswell resident Hal Coleman. Joseph Edwards acquired the company in 2008, and the dedication to the residents of Roswell remains strong ...
Rezidor Announces the Park Inn by Radisson Novokuznetsk
2012-08-15
Rezidor, the leading international hotel operator in Russia/CIS and a member of the Carlson Rezidor Hotel Group, announces the Park Inn by Radisson Novokuznetsk. The property, featuring 158 rooms, is scheduled to open in Q4 2014. Located in the very South of Russia, Novokuznetsk is in the centre of Russia's biggest industrial zone.
"The hotel will be the first internationally branded hotel in Novokuznetsk and the Kemerovo region, and will further strengthen our Park Inn by Radisson network across Russia," commented Kurt Ritter, President & CEO of Rezidor. ...
Kuoni Launches Nationwide Marketing Campaign for South American Adventures
2012-08-15
Kuoni has announced the launch of a dedicated nationwide marketing campaign highlighting adventures, exploration and unworldly landscapes in South America.
Kuoni's 21 retail stores and four partnership stores have increased sales to the South America region by providing tailored expert advice and sharing first-hand experiences.
Kuoni's well-travelled and knowledgeable travel experts are ready to craft an adventure to South America completely tailored to the customer's needs. Among the South American itineraries featured in the latest campaign is Brazil. Travellers ...
Access Legal from Shoosmiths Announces Uplift on All Compensation Awards Next Year
2012-08-15
Access Legal from Shoosmiths has announced that a decision handed down at the Court of Appeal recently means that people awarded damages in court for all personal injury claims will get 10% more compensation from next year.
A case handled by Shoosmiths' private client arm Access Legal (Simmons vs Castle) was successfully taken to the Court of Appeal in February of this year and has been used by the Court of Appeal judges to set guidelines on the level of general damages at 10% higher than at the present time.
Access Legal's client, Christopher Simmons, was riding ...
New Easy-to-Use Mobile Phone Designed for Senior Citizens Makes Dialing Error Proof with Large Speaking Keypad / Calls Emergency Services and Four People by Pressing Smart SOS Button One Time
2012-08-15
Breakthrough new phone is so easy to use, blind persons are enjoying its features. The Easy Senior Phone makes dialing a breeze with its extra large buttons and speaking keypad, seniors everywhere are calling it a "miracle lifeline".
"Anyone can use our phone," says Chad Darus of Easy Senior Phone who spent months helping develop the phone which boasts a smart SOS button that when pressed one time calls first responders while simultaneously notifying up to 4 others that you need immediate assistance. "Our phone can save your life in an emergency," ...
Business Book Reveals the Secret to Measuring the Effectiveness of Advertising
2012-08-15
"Now there is an easy way to take a lot of the guesswork out of advertising. It's an easy-to-use mathematical formula called 'The Barrows Popularity Factor' and businesses can use the math to quantify the relationship between their advertising and sales," according to Robert Barrows, author of a booklet called 'The Barrows Popularity Factor' and President of R.M. Barrows, Inc. Advertising and Public Relations in San Mateo, California.
"Businesses of all kinds can use the math to help them increase their sales, increase their profit and decrease their risk, ...
Nicaragua to Attend MAGIC in Las Vegas
2012-08-15
Nicaragua will be participating for a second consecutive year in MAGIC, the preeminent trade event of the international fashion industry, which hosts global buyers and sellers of apparel, footwear and accessories. The event, which will take place from August 20th to the 23rd at the Las Vegas Convention Center in Nevada, gathers global fashion brands and industry leaders, who will have the opportunity to take an inside look at Nicaragua's growing footwear and apparel industry.
The Nicaraguan delegation participating in the event will include PRONicaragua, the official ...
LAST 30 PRESS RELEASES:
Medicaid expansion linked to improved long-term survival in cancer patients
Women with surgical menopause may exit workforce earlier, but hormone therapy could help
Trailblazing Young Scientists honored with $250,000 prizes at Blavatnik National Awards Gala
Revolutionary blood test for ME / Chronic Fatigue unveiled
Calorie labelling linked to 2% average reduction in energy content of menu items
Widely prescribed opioid painkiller tramadol not that effective for easing chronic pain
Exercise snacks may boost cardiorespiratory fitness of physically inactive adults
15,000 women a year with breast cancer could benefit from whole genome sequencing, say researchers
Study highlights risks of Caesarean births to future pregnancies
GLP-1 agonists pose emerging challenge for PET-CT imaging, study finds
Scripps Research scientists unlock new patterns of protein behavior in cell membranes
Panama Canal may face frequent extreme water lows in coming decades
Flash Joule heating lights up lithium extraction from ores
COMBINEDBrain and MUSC announce partnership to establish biorepository for pediatric cerebrospinal fluid and CNS tissue bank
Questionable lead reporting for drinking water virtually vanished after Flint water crisis, study reveals
Assessing overconfidence among national security officials
Bridging two frontiers: Mitochondria & microbiota, Targeting Extracellular Vesicles 2025 to explore game-changing pathways in medicine
New imaging tech promises to help doctors better diagnose and treat skin cancers
Once dominant, US agricultural exports falter amid trade disputes and rising competition
Biochar from invasive weed shields rice from toxic nanoplastics and heavy metals
Rice University announces second cohort of Chevron Energy Graduate Fellows
Soil bacteria and minerals form a natural “battery” that breaks down antibiotics in the dark
Jamestown colonists brought donkeys, not just horses, to North America, old bones reveal
FIU cybersecurity researchers develop midflight defense against drone hijacking
Kennesaw State researcher aims to discover how ideas spread in the digital age
Next-generation perovskite solar cells are closer to commercial use
Sleep patterns linked to variation in health, cognition, lifestyle, and brain organization
University of Oklahoma researcher awarded funding to bridge gap between molecular data and tissue architecture
Nationally-recognized pathologist Paul N. Staats, MD, named Chair of Pathology at University of Maryland School of Medicine
The world’s snow leopards are very similar genetically. That doesn’t bode well for their future
[Press-News.org] Orlando Bankruptcy Attorneys Separate Chapter 7 Fact from FictionOrlando bankruptcy firm Clark & Washington clears up some common false beliefs concerning chapter 7 bankruptcy.