I have heard far too many stories from consumers across the nation, that these counselors gave the wrong advice which negatively impacted their lives, including advising that consumers file for bankruptcy protection. Bankruptcy Courts are reporting that in spite of the boom economy, consumers are flocking to bankruptcy court for protection from creditors. A myth that I hear a lot is how bankruptcy affords you the 'fresh start' and that lenders will approve you for loans because they know you cant file bankruptcy again. Today your credit report contains a point score. A high score is what creditors look for as a basis for approving credit applications.
Nothing is free and nothing worthwhile is easy.
Use your good common sense, trust your instincts and surf the net to find answers to your financial questions and problems. Bankruptcy is a stigma for life. The public records containing all of the personal information on your bankruptcy are kept in storage available for anyone for 20 years after it has been discharged or dismissed. In my opinion, bankruptcy should only be used as a last resort, when all other options have failed. This choice is the preferred one of most consumers because it affords anonymity without the stigma, while avoiding the embarrassment and humiliation of credit counseling or bankruptcy court.