Being in an environment as dynamic as the bankruptcy sector, within which people heavily invest their emotions, there is bound to be a constant flurry of concerns regarding fact, fiction, and the direction to take once the financial turmoil is over. We have actually addressed common bankruptcy misconceptions in a previous post, where we took delight in debunking a few commonly heard myths for your reading pleasure:
Myth #1) Filing for bankruptcy means I am financially irresponsible
Myth #2) Bankruptcy permanently damages your credit.
Myth #3) I am employed, so I can’t file for bankruptcy.
Myth #4) Filing for bankruptcy will cost me my job.
Myth #5) I am married, so my spouse has to file for bankruptcy, too.
Myth #6) I am not in ‘enough debt’ to file for bankruptcy.
Head over to the post itself to read more: Life After Bankruptcy: Addressing The Common Bankruptcy Misconceptions and breathe a sigh of relief! And don’t forget to check back tomorrow for our next post.