Protecting Your Financial Future

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Separating Bankruptcy Facts From Fiction

You may feel hopeless, embarrassed or frustrated when you cannot afford to pay your bills and creditors will not stop calling. If you don’t have a legal background, you may not know what options you have to free yourself from debt.

In the search for solutions, it can be easy to fall for a bankruptcy myth which can create more financial problems. You don’t have to face this matter alone. I am ready to help you confront this issue and restore your credit. I provide honest, skilled advice, using over 30 years of legal experience.

Cheryl Bergian Law Office has helped many individuals and families in North Dakota and northwestern Minnesota turn their financial problems around. Contact me today to reach an attorney who cares.

Beware Of These Bankruptcy Myths

It’s important to be well-informed before you file Chapter 7 or Chapter 13 bankruptcy. Believing these myths can jeopardize your financial future.

Myth #1: It isn’t important which bankruptcy option you choose because Chapter 7 and Chapter 13 bankruptcy are basically the same.

Fact: There are different filing requirements for Chapter 7 and Chapter 13 bankruptcy in North Dakota and Minnesota. The procedures that you will need to follow for each option also differs. When you hire me, I will study your financial circumstances to determine the correct approach for your situation.

Myth #2: Bankruptcy allows you to disburse all your debts.

Fact: Parents who owe child support are still responsible for making payments on time. If you have student loans, filing Chapter 13 may allow you to pay only what you can afford but may not completely erase this debt.

Myth #3: Creditors can seize any asset, property or possession during bankruptcy proceedings.  

Fact: Whether you file Chapter 7 or Chapter 13, there are certain assets that you can protect from creditors. When you meet with me, I will identify the drawbacks and benefits associated with your bankruptcy options so you can make informed choices.

Myth #4: After you file bankruptcy, you will never be able to apply for a mortgage or a credit card.  

Fact: Declaring bankruptcy will affect your credit score for a few years, but you can take steps to rebuild your credit. After a certain time period, the record of your bankruptcy will be expunged from your credit report, giving you a fresh start.

Confused About Your Options? Talk To Me Today.

As your lawyer, it is my mission to clear up misconceptions you have about bankruptcy. Contact my Fargo firm to get the straightforward counsel you deserve. You can reach me online or over the phone at 701-297-2501.

I offer no-cost, confidential phone consultations that you can schedule using my online booking service. Click this link to schedule a 30-minute session. Arrange your 45-minute appointment here.

My firm is a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.