There are many misconceptions about bankruptcy.  One of the most prevalent is that it is a sign of failure.  While no one brags about filing for bankruptcy, lots of people are finding it necessary to do it, and you probably know some of them.  Burdened by underwater homes, unemployment or under-employment, medical debts, and attempting to get by “temporarily” by living off credit cards, many people have had to think what was once unthinkable, and talk to a bankruptcy attorney about their situation.  Bankruptcy is not about failure.  It is about facing up to tough facts and figuring out how best to move forward.