Unfortunately there are so many myths surrounding bankruptcy. You may need to rely on the help of your Tucson bankruptcy attorney to sort things out so that you can deal with facts. Start by making a list of what you know versus what you think you know about bankruptcy. Share, that list with your Tucson bankruptcy attorney and get his or her input. You may find that you share a lot of common beliefs that society has helped fuel through media stereotypes. One of the common myths that a Tucson bankruptcy attorney may have to dispel includes thing like, they believe that they will lose everything if they file for bankruptcy. That is completely false. Chapter 13 offers protection for assets so that you can maintain your home and other property or assets. Depending on the value of your vehicle, you may be able to keep that as well as your retirement savings plans, like your 401 K. Others may be thinking on the opposite end of the spectrum and think that they can have all of their debt wiped away free and clean. This is a myth as well. There are some types of debt that cannot be included in a bankruptcy filing. For example, if you owe a lot of money in child support, alimony or student loans then you should not get excited or ahead of yourself about having them included in your bankruptcy. Those kinds of debts must be handled on your own, independent of bankruptcy. These are the kinds of myths that can prematurely force someone into filing for bankruptcy. If the majority of your debt consists of student loans then you should consider other options for resolving your debt instead of bankruptcy. Similarly, there are many myths that can keep someone from filing for bankruptcy when it is the best thing for them. There is no true way to tell until after you meet with an experienced bankruptcy lawyer.