Due to precautions related to COVID-19, we have expanded our options for remote consultations. Please contact our office to discuss whether a full phone consultation or video conference is appropriate for your situation.

Bankruptcy can come with major emotions

On Behalf of | May 20, 2022 | Bankruptcy

Realizing that you have too many bills and not enough money to pay them all is disheartening. When this is a long-term problem, you may quickly figure out that you have to do something. Filing bankruptcy is one option that you have.

One thing that shocks some people is that they feel many emotions as they go through the process. You may feel relieved that you’re finally taking control of your finances. At the same time, you may feel like you let your creditors down. Working through these emotions is critical.

Focus on the outcome

It’s easy to become wrapped up in what you can’t do when you’re in the middle of bankruptcy. Instead of falling into that mode of thinking, focus on how much better your life will be when this process is over and done with. At that point, you’ll be able to rebuild your credit and start to enjoy your life in the way you want, thanks to the fresh financial start.

Lean on your support

You need to have a support system you can count on. This should include someone you can talk to about anything related to the bankruptcy, including discussing your worries about your financial future.

Many factors can affect your bankruptcy, so be sure that you consider them all. You have to think about your emotional state, as well as your financial state. Ensuring that you have someone familiar with the bankruptcy process can help ensure you know what to expect. Try to get the bankruptcy filed as early as possible, so you don’t have too much undue stress before the process gets started.