CBS 2 in New York City recently took a look at bankruptcy, and addressed some of the myths surrounding filing bankruptcy.
With personal bankruptcy filings on the rise, it's a timely topic. But, it could be a life-changing report if you are struggling with debt, but have hesitations about filing.
Among the myths CBS 2 takes on:
- Bankruptcy ruins your credit score
- You should be dead broke before filing
- You will lose your home
As CBS reports, filing bankruptcy may improve your credit score and help you keep your home before you hit bottom.
Tags: bankruptcy myths, bankrutpcy video, filing bankruptcy
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