Top 10 Bankruptcy Myths Debunked

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00003947-top-10-bankruptcy-myths-debunked/

By Brigitte Yuille, Bankrate.com

If you think you know all you need to know about the new bankruptcy law, you might want to think again. There’s a lot of misinformation out there, and much of what you think you know might not be true.

A recent consumer survey conducted by the American Bankers Association showed that more than half of those surveyed were aware that Congress had recently passed a new law, but that doesn’t mean those consumers knew what was actually in the legislation.

And bankruptcy folklore continues to emerge. So much so that Experian, a credit reporting agency, has joined with bankruptcy attorneys to correct the top 10 myths that Experian uncovered.

For this complete story, please visit Top 10 Bankruptcy Myths Debunked.