10 Common Misconceptions About Bankruptcy

There are many stigmas attached to Bankruptcy including: who files, what happens to your house, your credit, and most importantly "how broke" you need to be to file. The truth is, bankruptcy is NOT all of these things, and in fact can be a very smart financial and life decision for some people. Waiting until your options are very limited on your own can in some cases leave you with less options when filing. Follow this CPA Journal to Learm More about the real truths to bankruptcy: http://www.nysscpa.org/cpajournal/2005/505/perspectives/p18.htm