Top Myth and Facts About Filing Bankruptcy


Bankruptcy filing is only for those who are weak and irresponsible! <----- Myth

There have always been stigmas attached to filing bankruptcy. Bankruptcy has come to represent a negative situation that irresponsible people find themselves in. Over the past few years however, bankruptcy has come to represent a second chance for people who have been adversely affected by the economy.

Below are the top facts and myths about bankruptcy filing:


1. Myth  Bankruptcy filing is a bad thing. 

Truth  Bankruptcy filing can be a negative thing for people who do not have the right kind of help and for those who choose to prepare their bankruptcy on their own. Bankruptcy filing can be a great relief for those who hire the right kind of help like certified lawyers or online bankruptcy preparers.


2. Myth  You can only file bankruptcy through a lawyer

Truth  Filing bankruptcy through a lawyer used to be the best way to file, however the year 2000 brought the birth of a faster, cheaper way to file bankruptcy: Online bankruptcy preparation. Online bankruptcy preparation is designed to be quick and because the preparation process happens online it is 90% cheaper than a lawyer.


3. Myth   Filing bankruptcy can destroy your credit for 10 years.

Truth   Let's face it, if you are seriously considering bankruptcy filing then your credit is probably already ruined. If you are worried about your credit, then the online bankruptcy preparer, Miller Bankruptcy is the best choice for your bankruptcy because they are skilled at helping their customers bankruptcies improve their credit, instead of hurt it.



4. Myth  Filing bankruptcy is very time consuming and confusing.

Truth  Bankruptcy filing can be very confusing, but it doesn't have to be. Those who choose to file bankruptcy on their own or with an unertified lawyer usually end up being very confused with their bankruptcy and not being able to discharge their maximum amount of debt. If you use an online bankruptcy preparer, you can have your bankruptcy documents prepared in 1-2 days and the entire process will be very clear and straightforward.

In Summation       

If you are in need of a cheap, quick bankruptcy, then online bankruptcy preparers are your best bet.

If you are trying to file bankruptcy for a business or corporation, then due to it's complex nature, certified bankruptcy lawyers are best choice.


Below is a list of our top recommendations for online bankruptcy preparers.


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Top Online Bankruptcy Preparer Recommendations:

• USA Bankruptcy Associates 
• Miller Bankruptcy
• Bridgeport American