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Tag Archives: bankruptcy myths

Take our Bankruptcy Knowledge Challenge Quiz:


1. I can max out all of my credit cards right before filing for bankruptcy and never pay for what I bought.
A. Myth
B. Fact

2. I only have to list the creditors in my Bankruptcy that I do not want to pay back.
A. Myth
B. Fact

3. I will never get credit again after filing for Bankruptcy.
A. Myth
B. Fact

4. If I am married, my spouse and I have to file for Bankruptcy together.
A. Myth
B. Fact

5. Everyone will know that I have filed for Bankruptcy.
A. Myth
B. Fact

6. I will lose everything that I have if I file for Bankruptcy.
A. Myth
B. Fact

7. All debt is discharged in a Chapter 7 Bankruptcy.
A. Myth
B. Fact

8. Only deadbeats file for Bankruptcy.
A. Myth
B. Fact

9. You can only file for Bankruptcy one time.
A. Myth
B. Fact

10. Filing for Bankruptcy is hard.
A. Myth
B. Fact

Think you knew your Bankruptcy facts?

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