Usually, when we think about bankruptcy, the first thing that comes to mind is someone standing in a barrel with all of their belongings being stolen, or losing all your money on Wheel of Fortune. Bankruptcy is a word that has become taboo throughout the years. Fortunately, bankruptcy is not as bad as everyone thinks. It can be considered a life saver for those who have found themselves pulled to thin by debt. Below I will discuss the major myths associated with bankruptcy.
Over the years bankruptcy has garnered a bad reputation. With all the misconceptions and myths swirling around we can understand how this reputation came to be. Hopefully, this article has dispelled many of the myths associated with bankruptcy and gives you more of understanding.
Written by: Rebecca Kidd
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