What’s the worst myth about bankruptcy?

June 22nd, 2011

Is that you need to be flat broke before you should file,” says Sacramento bankruptcy attorney Gerald B. Glazer. “It is not good to wait until creditors are knocking on your door,” according to Glazer. This is what my first employer did when they file bankruptcy in early 80’s. There were wise enough to sell and rename properties to relatives before filing the documents.

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