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Janet K. Hong and Derek Hong are the founding partners of Hong Law, PLC

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Home  >  FAQs  >  Have I failed financially if I file for bankruptcy?

Have I failed financially if I file for bankruptcy?

This is a very common concern among people who are considering filing for bankruptcy, but it is largely the result of a misconstrued idea of what bankruptcy actually is. Yes, people with financial struggles often file for bankruptcy, but it should not be viewed as an indicator of failure. Instead, filing for bankruptcy often indicates that a person with financial troubles is taking steps to rebuild their financial situation.

Iowa City and Coralville Office Location: 845 Quarry Rd #130
Coralville, IA 52241
Phone: (319) 354-1804
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