{"id":81,"date":"2009-06-03T02:59:00","date_gmt":"2009-06-03T02:59:00","guid":{"rendered":"https:\/\/kevinkgipson.com\/?p=81"},"modified":"2013-09-29T12:17:07","modified_gmt":"2013-09-29T17:17:07","slug":"myths-about-bankruptcy","status":"publish","type":"post","link":"https:\/\/kevinkgipson.com\/?p=81","title":{"rendered":"Myths About Bankruptcy!"},"content":{"rendered":"<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\">I am often surprised by some of the misconceptions that people have about bankruptcy.<\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\">Below are some of the more common bankrutpcy myths that I have heard:<\/p>\n<ol>\n<li>\n<div class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\"><a title=\"Myth No. 1:  You Can No Longer File For Bankruptcy\" href=\"https:\/\/kevinkgipson.com\/?p=96\" target=\"_blank\">You can no longer file for Bankruptcy.<\/a><\/div>\n<\/li>\n<li>\n<div class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\"><a title=\"You Can Only File For Bankruptcy Once\" href=\"https:\/\/kevinkgipson.com\/?p=102\" target=\"_blank\">You can only file for Bankruptcy once.<\/a><\/div>\n<\/li>\n<li>\n<div class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\"><a title=\"Credit Card Debts Can No Longer Be Discharged In A Bankruptcy\" href=\"https:\/\/kevinkgipson.com\/?p=108\" target=\"_blank\">Credit card debts can no longer be discharged in a Bankruptcy.<\/a><\/div>\n<\/li>\n<li>\n<div class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\"><a title=\"The IRS Will Audit Your Prior Tax Returns If You File For Bankruptcy\" href=\"https:\/\/kevinkgipson.com\/?p=118\" target=\"_blank\">The IRS will audit your prior tax returns if you file for Bankruptcy.<\/a><\/div>\n<\/li>\n<li>\n<div class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\"><a title=\"The Bankruptcy Court Will Take All Of Your Property If You File\" href=\"https:\/\/kevinkgipson.com\/?p=125\" target=\"_blank\">The Bankruptcy Court will take all of your property if you file.<\/a><\/div>\n<\/li>\n<li>\n<div class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\"><a title=\"Myth No. 6:  You Can No Longer Stop A Foreclosure By Filing For Bankruptcy\" href=\"https:\/\/kevinkgipson.com\/?p=150\" target=\"_blank\">You can no longer stop a foreclosure by filing for Bankruptcy.<\/a><\/div>\n<\/li>\n<li>\n<div class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\"><a title=\"Myth No. 7:  If You File For Bankruptcy, You Will Never Be Able To Get Any New Credit For Anything\" href=\"https:\/\/kevinkgipson.com\/?p=168\" target=\"_blank\">If you file for Bankruptcy, you will never be able to get any new credit for anything.<\/a><\/div>\n<\/li>\n<li>\n<div class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\"><a title=\"Myth No. 8:  You Can Never Own A Home If You Have Filed For Bankruptcy\" href=\"https:\/\/kevinkgipson.com\/?p=174\" target=\"_blank\">You can never own a home if you have filed for Bankruptcy.<\/a><\/div>\n<\/li>\n<li>\n<div class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\"><a title=\"Myth No. 9:  If You Already Own A Home You Must Give Up Your Home If You File For Bankruptcy\" href=\"https:\/\/kevinkgipson.com\/?p=180\" target=\"_blank\">If you already own a home you must give up your home if you file for Bankruptcy.<\/a><\/div>\n<\/li>\n<li>\n<div class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\">You can pick and choose the debts to be included in your Bankruptcy case.<\/div>\n<\/li>\n<li>\n<div class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\">You can pick and choose the property you tell the Bankruptcy court about when filing a Bankruptcy.<\/div>\n<\/li>\n<li>\n<div class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\">You don\u2019t need a lawyer to file for Bankruptcy because all it involves is filling out a bunch of forms.<\/div>\n<\/li>\n<li>\n<div class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\">You can give or transfer property to a relative or someone else you know before filing for Bankruptcy, and that person you gave the property to will be able to keep it.<\/div>\n<\/li>\n<li>\n<div class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\">Income tax debt cannot be discharged in a Bankruptcy no matter how old it is.<\/div>\n<\/li>\n<li>\n<div class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\">If you\u2019re married, both spouses have to file for Bankruptcy.<\/div>\n<\/li>\n<li>\n<div class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\">Only deadbeats file for Bankruptcy.<\/div>\n<\/li>\n<\/ol>\n<div class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\">As I previously stated, these are the most common myths about Bankruptcy that I hear.<\/div>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt; color: black; line-height: 14.25pt; mso-list: l0 level1 lfo1; tab-stops: list .5in; mso-outline-level: 1;\">In future articles, I will give you the true facts about Bankruptcy.<\/p>\n<p>by <a href=\"http:\/\/www.bankruptcylawnetwork.com\/kevin-gipson-new-orleans-bankruptcy-attorney\/\" rel=\"author\">Kevin Gipson<\/a>, New Orleans, Louisiana bankruptcy lawyer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I am often surprised by some of the misconceptions that people have about bankruptcy. Below are some of the more common bankrutpcy myths that I have heard: You can no longer file for Bankruptcy. You can only file for Bankruptcy &hellip; <a href=\"https:\/\/kevinkgipson.com\/?p=81\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[181,38,64,65],"class_list":["post-81","post","type-post","status-publish","format-standard","hentry","category-bankrputcy","tag-bankrputcy","tag-myths","tag-new-orleans-bankruptcy-attorney","tag-new-orleans-bankruptcy-lawyer"],"_links":{"self":[{"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/posts\/81","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=81"}],"version-history":[{"count":16,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/posts\/81\/revisions"}],"predecessor-version":[{"id":509,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=\/wp\/v2\/posts\/81\/revisions\/509"}],"wp:attachment":[{"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=81"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=81"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kevinkgipson.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=81"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}