Bankruptcy is a scary word. It conjures up images of people losing their homes, their cars, and their belongings. But bankruptcy doesn't have to be a bad thing. In fact, it can be a fresh start for people who are struggling with debt.

Here are a few things you should know about bankruptcy:

• It's not a crime. Bankruptcy is a legal process that allows people to get out of debt. It's not a crime, and it won't go on your criminal record.
• It doesn't mean you're a failure. Many people file for bankruptcy because they've lost their jobs, had medical expenses, or simply made some bad financial decisions. Filing for bankruptcy doesn't mean you're a failure. It just means you need some help getting back on your feet.
• It can help you get out of debt. If you're struggling to make your monthly payments, bankruptcy can help you get out of debt. In some cases, you may be able to discharge all of your debt, which means you won't have to pay it back.
• It's not the end of the world. Filing for bankruptcy can be a stressful experience, but it's not the end of the world. Once you've filed for bankruptcy, you can start to rebuild your credit and your life.
• You can't be sued while you're in bankruptcy. This means that if you're being harassed by creditors, you can file for bankruptcy and they can't sue you.
• You can keep your car and home. In most cases, you can keep your car and home, even if you file for bankruptcy. You may have to make some payments, but you won't have to give it up.

Bankruptcy doesn't have to be a bad thing. It can be a fresh start for people who are struggling with debt. If you're considering filing for bankruptcy, talk to an attorney to learn more about your options.