window.document.getElementById(’post-129′).parentNode.className += ‘ adhesive_post’;1. If I file for Bankruptcy I will lose all of my property.This may be the biggest misconception surrounding filing for bankruptcy. Every person who files for bankruptcy can protect a certain amount of property while still eliminating all or a portion of their debt. Depending upon the state in which the person lives, there are state and/or federal exemption laws that permit a person to shield a certain value in property. In most Chapter 7 bankruptcy cases, people keep all of their property. They can even keep their homes and cars provided that they continue to make timely payments on those items.2. If I file for Bankruptcy Everyone Will Know About It.Unless you’re a celebrity, the fact that you filed for bankruptcy will not become generally known. A person would have to know exactly where to look to see if your name was among the recent filings. You can even prevent your current employer from learning about your filing. An exception to that would be if bankruptcy papers needed to be sent to stop a garnishment.3. If I file for Bankruptcy I Will Never Get Credit Again.This is […]

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