Free Report: Life After Kentucky Bankruptcy – Myths and Misconceptions
In the United States, a debtor who is struggling financially and sees no realistic end in sight has the option to seek protection from creditors through bankruptcy. Although bankruptcy is an available option, many debtors hesitate to even consider bankruptcy until all other possible solutions have been exhausted. Frequently, valuable assets are lost along the way. Debtors give numerous reasons for failing to consider bankruptcy. Some reasons center on pride or social stigma; however, many reasons given by debtors for failing to consider bankruptcy earlier boil down to the numerous myths and misconceptions people have about bankruptcy and life after bankruptcy.