Many people are unaware of the benefits of filing for Chapter 13 bankruptcy. One of the biggest perks in a Chapter 13 bankruptcy is its ability to prevent foreclosure or manage other debts that would otherwise be excluded from discharge in Chapter 7 bankruptcy. Unfortunately, too many people end up on the wrong side of the foreclosure or repossession fight because they were afraid to file bankruptcy. Some people think filing for bankruptcy is a last resort, but that can actually be a bad strategy when looking for debt relief. Learning about all your debt relief options from credit counseling to debt management plans or bankruptcy is the best way to make an informed decision about your financial future. More importantly, don’t let false information and myths about bankruptcy deter you from considering, what could be, a life changing path to financial freedom.