Bankruptcy Basics

Most of us have interviewed for jobs:  as the interviewee, you come prepared to answer questions and make a pitch why you’re right for the job.

Lie 6: Filing Bankruptcy Will Destroy Your Credit for 10 Years

Truth-o-Meter: 

Bankruptcy is a terribly hard thing for most people to consider.  So is surgery.  Oddly many people are more likely to go ahead with a necessary surgery — an invasion of their body — than they are to go see a bankruptcy lawyer.

The irony is that the bankruptcy option may be easier, and certainly less physically painful, than surgery.  And sometimes you might recovery from it faster.