{"id":521,"date":"2016-07-06T11:02:15","date_gmt":"2016-07-06T16:02:15","guid":{"rendered":"http:\/\/www.mankatobankruptcy.com\/blog\/?p=521"},"modified":"2016-07-06T11:02:15","modified_gmt":"2016-07-06T16:02:15","slug":"common-bankruptcy-myths-debunked-in-mankato-mn","status":"publish","type":"post","link":"https:\/\/www.mankatobankruptcy.com\/blog\/common-bankruptcy-myths-debunked-in-mankato-mn\/","title":{"rendered":"Common Bankruptcy Myths Debunked in Mankato, MN"},"content":{"rendered":"<div id=\"contentsContainer\" contenteditable=\"true\">\n<div id=\"contents\">\n<p id=\"E121\" class=\"qowt-stl-BodyText3\"><span id=\"E122\" class=\"qowt-font4-LucidaSansUnicode\">Sometimes <\/span><span id=\"E123\" class=\"qowt-font4-LucidaSansUnicode\">hard-working<\/span><span id=\"E124\" class=\"qowt-font4-LucidaSansUnicode\"> and<\/span><span id=\"E125\" class=\"qowt-font4-LucidaSansUnicode\"> <\/span><span id=\"E126\" class=\"qowt-font4-LucidaSansUnicode\">honest people in Mankato, MN find themselves mired in a financial mess and need to seek refuge from their hardships by filing <\/span><span id=\"E127\" class=\"qowt-font4-LucidaSansUnicode\">for <\/span><span id=\"E128\" class=\"qowt-font4-LucidaSansUnicode\">bankruptcy<\/span><span id=\"E129\" class=\"qowt-font4-LucidaSansUnicode\">.<\/span><span id=\"E130\" class=\"qowt-font4-LucidaSansUnicode\"> If that description fits you, turn to the knowledgeable and compassionate profession<\/span><span id=\"E131\" class=\"qowt-font4-LucidaSansUnicode\">als <\/span><span id=\"E132\" class=\"qowt-font4-LucidaSansUnicode\">at <\/span><span id=\"E133\" class=\"qowt-font4-LucidaSansUnicode\">Behm Law Group, Ltd<\/span><span id=\"E134\" class=\"qowt-font4-LucidaSansUnicode\">. <\/span><span id=\"E135\" class=\"qowt-font4-LucidaSansUnicode\">We<\/span><span id=\"E136\" class=\"qowt-font4-LucidaSansUnicode\"> have the expertise and experience to help you get through the bankruptcy process step-by-step.<\/span><\/p>\n<p id=\"E139\" class=\"qowt-stl-BodyText3\"><span id=\"E140\" class=\"qowt-font4-LucidaSansUnicode\">There are many<\/span><span id=\"E141\" class=\"qowt-font4-LucidaSansUnicode\"> myths<\/span><span id=\"E142\" class=\"qowt-font4-LucidaSansUnicode\"> that<\/span><span id=\"E143\" class=\"qowt-font4-LucidaSansUnicode\"> swirl around bankruptcy and the types of people who file for i<\/span><span id=\"E144\" class=\"qowt-font4-LucidaSansUnicode\">t. Listed below are four <a href=\"http:\/\/www.mankatobankruptcy.com\/faq.php\" target=\"_blank\">common<\/a><\/span><a href=\"http:\/\/www.mankatobankruptcy.com\/faq.php\" target=\"_blank\"><span id=\"E145\" class=\"qowt-font4-LucidaSansUnicode\"> bankruptcy myths<\/span><span id=\"E146\" class=\"qowt-font4-LucidaSansUnicode\">:<\/span><\/a><\/p>\n<ul>\n<li id=\"E148\" class=\"qowt-li-1479615251_0 qowt-list qowt-stl-BodyText3\"><strong><span id=\"E149\" class=\"qowt-font4-LucidaSansUnicode\">Bankruptcy doesn\u2019t affect that many people.<\/span><\/strong><span id=\"E150\" class=\"qowt-font4-LucidaSansUnicode\"> The number of people who file for bankruptcy protection has decreased since the peak of The Great Recession<\/span><span id=\"E151\" class=\"qowt-font4-LucidaSansUnicode\">.<\/span><span id=\"E152\" class=\"qowt-font4-LucidaSansUnicode\"> <\/span><span id=\"E153\" class=\"qowt-font4-LucidaSansUnicode\">From 2008-2010, over 4.1 million <\/span><span id=\"E154\" class=\"qowt-font4-LucidaSansUnicode\">U.S. <\/span><span id=\"E155\" class=\"qowt-font4-LucidaSansUnicode\">familie<\/span><span id=\"E156\" class=\"qowt-font4-LucidaSansUnicode\">s filed for bankruptcy<\/span><span id=\"E157\" class=\"qowt-font4-LucidaSansUnicode\">.<\/span><span id=\"E158\" class=\"qowt-font4-LucidaSansUnicode\"> <\/span><span id=\"E159\" class=\"qowt-font4-LucidaSansUnicode\">These days, the numbe<\/span><span id=\"E160\" class=\"qowt-font4-LucidaSansUnicode\">r of families who file <\/span><span id=\"E161\" class=\"qowt-font4-LucidaSansUnicode\">hovers around the one million mark<\/span><span id=\"E162\" class=\"qowt-font4-LucidaSansUnicode\"> annually<\/span><span id=\"E163\" class=\"qowt-font4-LucidaSansUnicode\">.<\/span><\/li>\n<li id=\"E165\" class=\"qowt-li-1479615251_0 qowt-list qowt-stl-BodyText3\"><strong><span id=\"E166\" class=\"qowt-font4-LucidaSansUnicode\">Bankruptcy only happens to the poor and uneducated.<\/span><\/strong><span id=\"E167\" class=\"qowt-font4-LucidaSansUnicode\"> Sure, among<\/span><span id=\"E168\" class=\"qowt-font4-LucidaSansUnicode\"> the million or so families fil<\/span><span id=\"E169\" class=\"qowt-font4-LucidaSansUnicode\">ing<\/span><span id=\"E170\" class=\"qowt-font4-LucidaSansUnicode\"> for bankruptcy protection every year, there are poor and uneducated people. However, it also strikes wealthy and highly educated people. Lawyers, doctors, accountants, business owners, teachers<\/span><span id=\"E171\" class=\"qowt-font4-LucidaSansUnicode\">,<\/span><span id=\"E172\" class=\"qowt-font4-LucidaSansUnicode\"> and many others in highly respected and high-paying professions file for bankruptcy every day<\/span><span id=\"E173\" class=\"qowt-font4-LucidaSansUnicode\">.<\/span><\/li>\n<li id=\"E175\" class=\"qowt-li-1479615251_0 qowt-list qowt-stl-BodyText3\"><strong><span id=\"E176\" class=\"qowt-font4-LucidaSansUnicode\">Bankruptcy is the result of irresponsible spending<\/span><span id=\"E177\" class=\"qowt-font4-LucidaSansUnicode\">.<\/span><\/strong><span id=\"E178\" class=\"qowt-font4-LucidaSansUnicode\"> <\/span><span id=\"E179\" class=\"qowt-font4-LucidaSansUnicode\">T<\/span><span id=\"E180\" class=\"qowt-font4-LucidaSansUnicode\">here are some individuals who try to game the system, <\/span><span id=\"E181\" class=\"qowt-font4-LucidaSansUnicode\">carelessly racking up mountains of debt and then filing for bankruptcy. However, the majority of filers are hard-working folks who may have become financially ruined by a job loss, pay decrease, divorce<\/span><span id=\"E182\" class=\"qowt-font4-LucidaSansUnicode\">,<\/span><span id=\"E183\" class=\"qowt-font4-LucidaSansUnicode\"> or a serious illness and <\/span><span id=\"E184\" class=\"qowt-font4-LucidaSansUnicode\">the subsequent pile<\/span><span id=\"E185\" class=\"qowt-font4-LucidaSansUnicode\"> of medical bills<\/span><span id=\"E186\" class=\"qowt-font4-LucidaSansUnicode\"> that creates<\/span><span id=\"E187\" class=\"qowt-font4-LucidaSansUnicode\">. In many cases<\/span><span id=\"E188\" class=\"qowt-font4-LucidaSansUnicode\"> people rely on their credit cards to buy the necessities \u2013 food, gasoline, car repairs, clothing for the kids \u2013 and hope that their situations will improve. Sadly, things don\u2019t always turn around<\/span><span id=\"E189\" class=\"qowt-font4-LucidaSansUnicode\">,<\/span><span id=\"E190\" class=\"qowt-font4-LucidaSansUnicode\"> and bankruptcy is the only viable option.<\/span><\/li>\n<li id=\"E192\" class=\"qowt-li-1479615251_0 qowt-list qowt-stl-BodyText3\"><strong><span id=\"E193\" class=\"qowt-font4-LucidaSansUnicode\">Bankruptcy permanently ruins your credit<\/span><span id=\"E194\" class=\"qowt-font4-LucidaSansUnicode\">.<\/span><\/strong><span id=\"E195\" class=\"qowt-font4-LucidaSansUnicode\"> People who file for bankruptcy are often surprised at how quickly their credit bounces back and how fast they start getting cred<\/span><span id=\"E196\" class=\"qowt-font4-LucidaSansUnicode\">it<\/span><span id=\"E197\" class=\"qowt-font4-LucidaSansUnicode\"> card offers in their mailboxes again. To rebuild your credit, think about applying <\/span><span id=\"E198\" class=\"qowt-font4-LucidaSansUnicode\">for <\/span><span id=\"E199\" class=\"qowt-font4-LucidaSansUnicode\">a secured credit card with a low limit that requires a deposit to a bank. Once approved for the card,<\/span><span id=\"E200\" class=\"qowt-font4-LucidaSansUnicode\"> make regular, on-time payments<\/span><span id=\"E201\" class=\"qowt-font4-LucidaSansUnicode\">, and <\/span><span id=\"E202\" class=\"qowt-font4-LucidaSansUnicode\">check your credit report to ensure that everything that was discharged in bankruptcy is, indeed, marked as discharged.<\/span><\/li>\n<\/ul>\n<p><span id=\"E205\" class=\"qowt-font4-LucidaSansUnicode\">If <\/span><span id=\"E206\" class=\"qowt-font4-LucidaSansUnicode\">you or a loved one is facing the difficult decision of whether or not to file for bankruptcy, give us a call today at <\/span><span id=\"E207\" class=\"qowt-font4-LucidaSansUnicode\">(507) <\/span><span id=\"E208\" class=\"qowt-font4-LucidaSansUnicode\">387-7200<\/span><span id=\"E209\" class=\"qowt-font4-LucidaSansUnicode\"> to learn what your options are. Even if you decide not to file, knowing the <\/span><span id=\"E210\" class=\"qowt-font4-LucidaSansUnicode\">available\u00a0<\/span><span id=\"E211\" class=\"qowt-font4-LucidaSansUnicode\">options <\/span><span id=\"E212\" class=\"qowt-font4-LucidaSansUnicode\">can bring you tremendous peace of mind<\/span><span id=\"E213\" class=\"qowt-font4-LucidaSansUnicode\">.<\/span><\/p>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sometimes hard-working and honest people in Mankato, MN find themselves mired in a financial mess and need to seek refuge from their hardships by filing for bankruptcy. If that description fits you, turn to the knowledgeable and compassionate professionals at Behm Law Group, Ltd. We have the expertise and experience to help you get through [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[42],"tags":[],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bankruptcy Myths | Behm Law Group | Mankato, MN |<\/title>\n<meta name=\"description\" content=\"Give Behm Law Group a call today at (507) 387-7200 to learn what your bankruptcy options are. 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