If you have reached the point where you are considering filing for bankruptcy, you are likely feeling a range of emotions from guilt to shame to regret and more. Many people get put off from filing because of the thoughts running around their heads. Yet, if you think back, you’ve probably been feeling some of those emotions for some time. It’s not so much the prospect of filing for bankruptcy that brings them on, but the realization that you are over your head in debt.
Those emotions, and the constant worry about the situation or about whether you can safely open the door, answer the phone or even open a letter without coming into contact with one of your creditors or a debt collector can do immense harm to your mental health.
Bankruptcy could improve your mental health
Once you file for bankruptcy, you will probably find that most of your worries dissipate. Debt can weigh heavy on a person and if a court agrees to lift that burden, you will probably feel a massive relief. You will likely also find that the other emotions that accompany that debt begin to disappear, too.
Once you file, you’ll probably find that the people you know will treat you just as they always did and that your fears of people judging you for filing will prove unwarranted. Once you learn how many other people file for bankruptcy, and how matter of fact the court appearance usually is, any guilt you felt should disappear too.
Pretty soon you will look back and wonder why you waited so long to file. Filing for bankruptcy can lift the clouds from over you and give you a fresh start in life. And that can do wonders for your mental health. Learning more about the process is a good first step.