Business, Personal + Finance

Wednesday, June 22, 2011

Top Five Myths Bankruptcy - #1

Wednesday, June 22, 2011 Posted by vernon go , ,
As consumer debt has skyrocketed to over $3 Trillion, many believe the only way out from under the mountain of bills is to declare bankruptcy. But is it right for you? Many myths persist to misinform the public.

“Probably the worst myth about bankruptcy is that you need to be flat broke before you should file,” says Sacramento bankruptcy attorney Gerald B. Glazer. “It is not good to wait until creditors are knocking on your door,” according to Glazer. Planning can prepare you for a bankruptcy that causes the least amount of financial disruption.

The ultimate goal is to help those who find themselves in financial crises or yourselves. Knowing the truths from the myths will help you decide if bankruptcy is the right decision for you.
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