If you are drowning in debt, you may be looking for a way out that doesn’t involve bankruptcy; however, there is a lot of misinformation circulating about bankruptcy, and there is actually no reason to fear it. If you want to discuss your options, turn to Robert A. Schwartz in Rochester, NY. Attorney Schwartz is a compassionate lawyer who does not judge his clients or their circumstances; instead, he helps them get back on their feet.

Here are four reasons why you shouldn’t be afraid of declaring bankruptcy:

  • You Are Not Alone: Declaring bankruptcy is far more common than most people realize. In fact, according to the American Bankruptcy Institute, 1.37 million people filed bankruptcy in 2011, and 1.55 million people filed it in 2010.
  • Everyone Deserves A Second Chance: Regardless of how you accumulated more debt than you could reasonably pay off, everyone deserves a second chance. Declaring bankruptcy gives you a much-needed fresh start.
  • bankruptcyYou Are Protected Under Law: Bankruptcy court records might be available for anyone to look through, but there is a federal law that protects people who have filed from discrimination. That means your employer and coworkers cannot treat you any differently if they happen to find out that you declared bankruptcy.
  • You Can Still Get Student Loans: Federal law states that filing bankruptcy does not affect an individual’s chances of qualifying for student loans.  

If you are considering filing for bankruptcy and have questions about the process, Robert A. Schwartz in Rochester, NY, is more than happy to help. He specializes in real estate and bankruptcy law, so you know your case will be in good hands. Visit his website to learn more about his experience and areas of practice, and call him at (585) 334-4270 to talk to a bankruptcy attorney today.