The decision to file bankruptcy is a stressful one. Although the number of bankruptcies in the United States is on the decline, it's estimated that more than one million people will file a Chapter 7 or Chapter 13 this year. A bankruptcy can help you get past a financial setback, but there are many things you need to consider. Most importantly, you need the truth about the law and your situation. Here are a few of the myths associated with bankruptcy: