Castle Blog

The Dangers of Bankruptcy Misinformation

With the invention of the internet, the amount of information that is readily available to us skyrocketed. Think about how easy it is to look up “the capital of Guam” or “the number of people with red hair.” But with that information came the inevitable load of misinformation. Incorrect information is dangerous—causing people to count or discount things based on rumor and opinion.

Researching bankruptcy is just the same as anything else. While there may be a lot of truth out there about bankruptcy, there are also plenty of myths, misinformation, and misnomers. So how do you tell fact from fiction? Just yesterday I found a blog harping on the benefits of the “Bankruptcy Home Equity Loan.” It seems that the author has misnamed a bankruptcy process called a “motion to incur debt,” provided the wrong facts about it, and forgot to address any possible outcomes or downsides.  This blog is most definitely the wrong information—but it isn’t always as easy to tell.

The best decision is to take information from sources you know and trust, like your lawyer or a government website. (You can tell which sites are connected with the government because they end in “.gov”) There are a lot of amateur blog writers out there that are dying to share their opinions on bankruptcy and while some of them may have some correct information, it is best to steer clear of them if the author has no credentials as an expert. I have written a book on getting help with your debt that could also help you combat the problem of misinformation. You can request a free copy of my book by clicking here. It has information that you need to know about bankruptcy without the worry that you are being misinformed. 

St. Louis Bankruptcy attorneys at the Castle Law Group offer a FREE Debt Relief Package including controversial new book 7 Critical Mistakes to Avoid the Dismissal of your Bankruptcy Case. Don't talk with any creditor or bankruptcy attorney before you read this book. St. Louis, Missouri and Illinois Bankruptcy Attorney James Brown and Castle Law Office have offices in St. Louis, MO, Kansas City, MO and Memphis, TN that specialize in obtaining a discharge of debt in Chapter 7 Bankruptcy and Chapter 13 Bankruptcy cases in Missouri, Tennessee, and Illinois.  To order your FREE Debt Relief Package, click here.