Many people have misconceptions about bankruptcy. They believe that filing bankruptcy means admitting failure, and that it will result in a stigma that will follow them around forever. First of all, some our most famous wealthy people have filed bankruptcy. They saw this as a tool for success, not a mark of shame! For example, most people never heard that Walt Disney, and Henry Flagler both filed for bankruptcy at one time. Both of these men went on to achieve huge success in their lifetimes. If one considers bankruptcy as a tool, an obstacle to overcome, it is hard to imagine what our world would be like if men like Walt Disney had not filed for bankruptcy. Second, bankruptcy, unlike bad debt, makes a person more likely to obtain new credit in the future. It is not unheard of for people to begin receiving credit offers within just a couple years of filing bankruptcy! Bad credit is like an open seeping wound, whereas bankruptcy is like a scar that heals over time. Our firm focuses on two types of bankruptcy; Chapter 7 and Chapter 13.