In this podcast episode of "Money & You," we have an entertaining and important conversation with guest Barry Levine, an experienced and humorous bankruptcy attorney. The conversation focuses on dispelling myths surrounding bankruptcy and addressing the fear that often paralyzes individuals facing financial difficulties.Levine emphasizes that understanding the legal process and available options can empower people to make informed decisions rather than succumbing to panic.Levine shares insights from his 45 years of experience, highlighting the importance of recognizing when to seek help and the potential consequences of delaying action. He explains various bankruptcy options, such as Chapter 7 and Chapter 11, and discusses the implications of each. Barry aims to provide listeners with a clearer understanding of bankruptcy in a refreshingly optimistic way. He describes its processes, and how to navigate financial challenges effectively, for a new beginning and the relief that comes with that.This discussion is important as it seeks to demystify bankruptcy, offering reassurance and practical advice to those who may be struggling with debt, ultimately promoting a healthier relationship with money and financial decision-making.00:01 - Building a positive money mindset 10:08 - Understanding bankruptcy options16:33 - Discharging debt in bankruptcy24:56 - Navigating the bankruptcy process34:18 - Deciding on bankruptcy filing44:22 - Resources for financial knowledge Key Takeaways: Bankruptcy is not the end; it can be a new beginning and a path to financial freedom.Fear and misinformation can trap individuals in a cycle of debt; understanding the options   available is crucial.Seeking professional guidance can help navigate the complexities of bankruptcy and financial recovery.Maintaining open communication with creditors and considering all available options can mitigate the need for bankruptcyBarry Levine is a seasoned bankruptcy expert with over 45 years of experience. He is the author of "Bankruptcy Through the Looking Glass," which provides a realistic perspective on bankruptcy and its implications. Barry's approach focuses on understanding the legal process and empowering clients to make informed decisions.For more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…Subscribe to the "Money & You With Michelle Perkins" Podcast:Apple Podcasts, spotify, iheart radio and morePlease rate & review and share the show with friends and family who want to feel more confident and in control of their financial lives—it really helps us!Join the Limit Free Life Community & Blog: https://limitfreelife.com/newsletterLearn more about Michelle Perkins: https://limitfreelife.comLinkedIn: Michelle M. Perkins MBA on LinkedInInstagram: @livealimitfreelifeYouTube: https://www.youtube.com/@michelleperkins-limitfreel2446For more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…