Myth #1: Bankruptcy is a death sentence for your financial future

Bankruptcy is often seen as a catastrophic event, but the truth is that it's not necessarily a permanent outcome. In many cases, bankruptcy can provide a fresh start and a new beginning, allowing individuals to rebuild their finances and start over.

Myth #2: You're doomed if you file for bankruptcy

Filing for bankruptcy is not the end of the world. In fact, it can be a sign that you've reached a point where you need help from a financial professional to get back on track. With the right guidance and support, individuals can use their bankruptcy as a stepping stone to achieve financial stability.

Myth #3: Bankruptcy is only for debtors who have made all their payments

Bankruptcy is not exclusive to those who have missed payments or fallen behind on their debts. There are different types of bankruptcy, including Chapter 7 and Chapter 13, which can be filed by individuals with various levels of financial responsibility.