Wisdom Wednesdays With Lynn Richardson: Bankruptcy Myths

No one wants to be faced with a bankruptcy, but all too often, people learn that bankruptcy was a viable option to restore them to financial health AFTER it's too late -- AFTER they have lost everything, including, in many cases, their saving accounts, retirement fund, and other valuable assets. Here are a few myths and facts about bankruptcy to help you make a decision that could potentially help you preserve wealth: MYTH 1: If I file bankruptcy, my credit will be ruined forever and I will not be able to buy a home. Read more: http://globalgrind.com/entertainment/wisdom-wednesdays-lynn-richardson-bankruptcy-myths#ixzz2MoEpJa2c