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Like most big, bad scary things, bankruptcy has a reputation based on a few tidbits of truth and lots of embellishment. .
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Many of these articles contain highly effective tips and techniques to help you take control of your financial future. bankruptcy is not the end of the world
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Stay updated on your personal finances by checking out our news headlines
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12 Myths About Bankruptcy |
Like most big, bad scary things, bankruptcy has a reputation based on a few tidbits of truth and lots of embellishment. It's not nearly as frightening once you know the truth.
| With a mind toward declawing the monster, here are a dozen misconceptions about bankruptcy: |
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1. Everyone will know I've filed for bankruptcy.
Unless you're a prominent person or a major corporation and the filing is picked up by the media, the chances are very good that the only people who will know about a filing are your creditors. While it's true that bankruptcy is a public legal proceeding, the number of people filing is so massive that very few publications have the space, the manpower or the inclination to run all of them.
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