No consumer enjoys filing bankruptcy at any point. We as humans hate admitting defeat, which bankruptcy essentially does. However, there are times when personal injury, sudden health issues and job loss bring our income below our debts. Perhaps you’ve done research, read stories and became mortified knowing what bankruptcy does. Maybe you’ve been approached with unbelievable debt consolidation offers. Today, we’re going to debunk some myths and misconceptions that swirl when filing Chapter 7 or 13 bankruptcy is imminent.