6767 N. Wickham Rd. St. 400 | (321) 757 - 4031

Melbourne, FL 32940

5401 S. Kirkman Rd. St. 310 | (407) 926 - 5789

Orlando, FL 32819


1. If you declare bankruptcy you’ll ruin your financial life forever.  This has to be one of the dumbest sentiments I’ve encountered. In fact a debtor is eligible to receive an FHA loan just two (2) years after declaring a Chapter 7 bankruptcy and only 1 year, with the trustee’s consent, on a Chapter 13 bankruptcy.  Does that sound ruined to you?

2. It is your obligation to pay back the bank, bankruptcy and foreclosure are the easy way out.  Really? The exact same banks that have taken billions of dollars in taxpayer bailouts have a double standard. Why is it OK for them to write off their mistakes but, not you?  The bank’s sanctimony is laughable, if it wasn’t so sad.

3. You don’t need to file for bankruptcy or seek foreclosure protection, Credit Counseling can help you pay off your debt and lower your monthly payments.  Potentially – however, that is not always the case. If you fail to complete the entire program you could be in the same situation you were to start, determining if you need to file for bankruptcy protection or negotiate a foreclosure. The difference is you wasted precious time that you could have used to rebuild your financial life. Most credit counselors get a cut of your payment before forwarding the rest to the bank. A credit counselor is not qualified to give you a legal opinion about bankruptcy and your legal options. Any opinion they give you is really just advocacy dressed up so they can get your account.  Don’t fall for the trap, know all the options regarding bankruptcy and foreclosure and how they relate to your individual situation.

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