Like most big, bad scary things, bankruptcy has a reputation based on a few tidbits of truth and a lot of embellishment. And like most creepy crawlies, it's not nearly as frightening once you know the truth.
If your debts have started spiraling out of control, you may have thought about whether to file for bankruptcy. Massive debt can be crippling, but filing for bankruptcy can also be life altering. Here's a quick guide to help you decide.