… casino companies are trying to avoid bankruptcy at all costs because of the perceived negative stigma of filing bankruptcy amongst those in the casino industry.  However, Tropicana is proving that bankruptcy can work “miracles” even for companies that operate in industries that still harbor animosity towards bankruptcy.   Also, many casinos are struggling financially due to the recession with very high debt loads.  Those casinos will be hard pressed to compete against a company …

… bankruptcy may be necessary to recover from a crisis or financial setback. There is little to no stigma attached to filing bankruptcy. Also, it is illegal to fire an employee because he/she filed bankruptcy.

Misconception #2 – If you file bankruptcy your wife/husband/partner/best friend will turn their backs on you and head for the hills.

Most of the time marriages are in jeopardy because of money issues BEFORE bankruptcy. Creditors harassing and threatening the members of a …

Law protects you from being discriminated against because of a bankruptcy.

One of the things people often worry about when considering bankruptcy is, “What will happen at my job?”  Often times the answer is nothing, but in the event that something does happen, it is almost always very minor.  In fact, law protects you from being discriminated against because of a bankruptcy.

In …

Tags: Bankruptcy Job Loss Stigma

… significant debt.  For many, bankruptcy has become a “reluctant” option due to an unearned stigma and many beliefs about repaying debt regardless of the cost to the individual and the family’s well-being.  Although it is important to repay debts, many senior citizens are clearly in financial crisis and cannot pull through without the assistance of bankruptcy relief.

For those senior citizens struggling financially, you should probably consider bankruptcy if:

You are facing …

… the bankruptcy documents could possibly hurt the debtor’s future employment prospects due to the stigma still attached to mental illness and agreed to conceal her identity.

Many debtors are afraid to file bankruptcy because they are embarrassed by the information that will be revealed and/or fear that the information revealed during bankruptcy could affect their future employment prospects or their social standing in society. Fortunately, the bankruptcy court has put into place safeguards …

… is designed to save Americans who are drowning in debt; but unfortunately there is still a stigma attached to filing for bankruptcy. This type of mentality is causing a huge loss in American wealth. This administration needs to make Americans aware of their bankruptcy options and encourage them to file bankruptcy if they discover they are unable to pay their debts.

Unfortunately because of the stigma still attached to filing for Chapter 7 or Chapter 13 bankruptcy many people put off taking an honest look at the financial circumstances until it is too late. Many debtors who are good candidates for a Chapter 13 bankruptcy wait as much as 5 years before sitting with a bankruptcy attorney and discussing their options. The reason? They want to avoid bankruptcy; but unfortunately, …