Audio Answers; Debunking Common Bankruptcy Myths.

Liz Fleming

Liz Fleming, a trustee in bankruptcy with PricewaterhouseCoopers, gives the facts on these bankruptcy myths.

Common Bankruptcy Myths

The Facts

Bankruptcy Myth #1. Once you declare personal bankruptcy, you'll lose everything that you own.

Bankruptcy Myth #2. If I file bankruptcy I will never get credit again.

Bankruptcy Myth #3. My friends and neighbours will know I have filed bankruptcy.

Bankruptcy Myth #4. Only deadbeats file for bankruptcy.

Bankruptcy Myth #5. Income taxes cannot be erased in a bankruptcy.

Bankruptcy Myth #6. It costs too much to file bankruptcy and there are no payment terms.

Bankruptcy Myth #7. You only see a bankruptcy trustee for financial problems as a last resort.

Bankruptcy Myth #8. You only see a bankruptcy trustee if you have to file bankruptcy.




 

 

Site design by http://ontario.bankruptcycanada.com/. Copyright © 2006 - 2007.