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10 Urban Legends About Bankruptcy Finance Articles | October 18 Cheap Claude Giroux Hat , 2008
A clarification for individuals looking for advice in financial matters. My goal is to inform the masses with answers to questions I hear frequently. Hopefully the information provided herein will be useful to you or someone you know.



With the economy on a continual downturn and as the big banks get assistance hundreds of thousands of normal hardworking Americans are seeking there own "bailout".
During this frightening time, people can tend to make rash decisions, may it be contributed to duress, the fear of poverty, or actually trying to manage living below the poverty level. There are several other programs available to get out of the vicious debt traps our country has made all too easy to fall into. To clarify, this article points out some of the common myths or "urban legends" of bankruptcy and why one should avoid this option and consider it as an absolute last resort. They are as follows:

? "Bankruptcy will give me a fresh start."- This is one of the biggest misconceptions of people