Bankruptcy Myths

Serving Cook, Will, Grundy, DuPage, Kendall, Kane, LaSalle, and Lake Counties.

If you are struggling to pay your bills and repay your creditors, you may feel that all hope is lost. For many individuals, overwhelming debt and constant calls from debt collectors can be stressful and can affect every aspect of your life. Fortunately, there are options available even to those in the worst financial situations. By filing for bankruptcy, you may be able to free yourself from the burden of debt and start over with a clean slate and a bright financial future.


Unfortunately, there are many common myths associated with bankruptcy, many of which make individuals hesitant to even consider it as an option. It is important to remember that bankruptcy is not a problem, it is a solution. Below is a list of common bankruptcy myths and the truth behind them.

A close-up of a small, bright yellow mushroom with a rounded cap growing on a mossy green surface.
A brown teddy bear wearing a tan hat sits in a wooden chair against a plain background.
A close-up of a small, bright yellow mushroom with a rounded cap growing on a mossy green surface.
A brown teddy bear wearing a tan hat sits in a wooden chair against a plain background.
A close-up of a small, bright yellow mushroom with a rounded cap growing on a mossy green surface.
A brown teddy bear wearing a tan hat sits in a wooden chair against a plain background.
A close-up of a small, bright yellow mushroom with a rounded cap growing on a mossy green surface.
A brown teddy bear wearing a tan hat sits in a wooden chair against a plain background.