Latest Posts
Home > Debt Articles > Bankruptcy Information > The Five Myths About Bankruptcy. Watch the Video.

The Five Myths About Bankruptcy. Watch the Video.

Thanks to Twitter I discovered a new video out of a news story on the five myths about bankruptcy.

The myths are:

  1. You should be dead broke until you file for bankruptcy.
  2. Bankruptcy ruins your credit score.
  3. You lose your home if you go bankrupt.
  4. You should max out your credit cards before going bankrupt.
  5. You should raid your 401(k) to pay your bills before going bankrupt.

Bankruptcy Articles and Posts You Must Read

To get ready to read the information below with the right frame of mind, please first read How Do I Get Out of Debt Quickly? Change Your Mindset.

Bankruptcy Advice

Life After Bankruptcy

Filing Bankruptcy Yourself


Get Out of Debt Guy – Twitter, G+, Facebook

Need More Help?
Choice3Get Out of Debt Guy – Twitter, G+, Facebook

Get Out of Debt Free Hotline
debt settlement helpstudent loan help

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.


I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.