10 Myths and the Truth About Bankruptcy

10 biggest myths that cause people to fear bankruptcy. Which of these have you heard before?

Over the coming weeks we will explore the common myths associated with bankruptcy. Attorney Brad Botes, Alabama Board Certified Bankruptcy Attorney, will answer these with the truth. Should you have any questions please call the Bond & Botes Law Offices at 1-877-581-3396 and we will take the time to answer all your questions at absolutely no charge. We hope you find this series informative.

Let’s take a look at them one by one and separate fact from fiction…

  1. In bankruptcy, you lose everything you have.
  2. Filing bankruptcy means you can’t get credit for ten years.
  3. Bankruptcy can’t get rid of back taxes.
  4. Foreclosure is better than bankruptcy.
  5. You will be fired if you file bankruptcy and never hired again.
  6. Everybody will know you’ve filed bankruptcy.
  7. Both husband and wife must file bankruptcy at the same time.
  8. Your business can file bankruptcy without you also filing.
  9. Bankruptcy leads to divorce.
  10. Filing bankruptcy is a sign you don’t handle finances responsibly.

Sound familiar? These beliefs come from all kinds of different places, but they have one big thing in common: They’re not true!

We are here to help

The attorneys at the Bond & Botes Law Offices have devoted decades to helping people resolve debt and move forward into a more stable financial futures. We offer free consultations to people facing overwhelming and unpayable medical expenses. You can schedule yours right now by calling 1-877-581-3396 or by filling out the contact form on this page.

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Bond & Botes Law Offices

At Bond & Botes, we now offer full service bankruptcy consultation and filing over the phone or by video from the comfort and safety of your home or office. Please call 1-877-581-3396 or click here to setup your free phone or video consultation.

The lawyers at the Bond & Botes affiliated offices serve clients at offices in Anniston, Birmingham, Mobile, Montgomery, Opelika, Decatur, Huntsville, Florence, Haleyville and Gadsden, Alabama; Vicksburg, Hattiesburg and Jackson, Mississippi. Read our disclaimer here. You can view our Privacy Policy here.

Alabama Offices


2107 5th Avenue North
Age-Herald Building
Birmingham, Alabama 35203
Phone: (205) 802-2200

Shelby County Location
15 Southlake Lane, Ste 140
Birmingham, AL 35244
Phone: (205) 802-2200

Florence Location
121 S. Court Street
Florence, AL 35630
Phone: (256) 760-1010

Huntsville Location
225 Pratt Avenue NE
Huntsville, AL 35801
Phone: (256) 539-9899

Montgomery Location
311 Catoma Street
Montgomery, AL 36104
Phone: (334) 264-3363

Decatur Location
605 Bank Street
Decatur, AL 35601
Phone: (256) 355-2447

Haleyville Location
914 19th St.
Haleyville, AL 35565
Phone: (205) 486-3580

Gadsden Location
430-B Chestnut Street
Gadsden, AL 35901
Phone: (256) 485-0195

Opelika Location
216 South 8th Street
Opelika 36801
Phone: (334) 887-7666

Anniston Location
1302 Noble St #2C
Anniston, AL 36201
Phone: (256) 344-3559

Cullman Location
200 Second Avenue SW
Cullman, AL 35055
Phone: (256) 739-9866

Mississippi Offices

Jackson Location
120 Southpointe Dr., A
Byram, MS 39272
Phone: (601) 353-5000

Hattiesburg Location
607 Corinne St, Ste B8
Hattiesburg, MS 39401
Phone: (601) 353-5000

Vicksburg Location
1212 Farmer Street
Vicksburg, MS 39180
Phone: (601) 353-5000

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