Bankruptcy Relief
Dealing With The Emotional Stresses Of Bankruptcy
Emotional Effect Of Deciding To File
Everybody stresses. People who have difficulty paying their debts are often overly stressed. Stress affects every aspect of your life. It affects your relationships with others. It affects your ability to concentrate at work and it affects your health. Stress comes from feeling out of control of your life. It's time to take back control of your life and eliminate a lot of stress.
Some people who have trouble paying their debts on time feel like a failure and are embarrassed to talk to anyone about the situation. Many people try to ignore the situation. You may have stopped opening mail. You may have been telling yourself if don't open the mail maybe the problem is not really there, even if it's just for another day. Even though your creditors are no doubt annoying, they really don't care if you file bankruptcy. They will not be angry with you. They do not take it personally, so why should you? Don't do that to yourself.
Embarrassment comes from feeling like you made a mistake that others were smarter to avoid. But this embarrassment is unnecessary because you are not alone. Many other people go through what you are going through. In my experience Debtors who can pay their bills do pay their bills. I don't know any deadbeats. All our clients are turnips. And you can't get blood out of a turnip, right?
Don't Take It Personally
So many of my clients tell me that creditors are calling non-stop. Most clients let the phone messages go to the voice mail or an answering machine. My clients who do pick up the phone and try to talk to their creditors are frustrated because the creditor does not want an explanation. All they understand is money, and they will only be temporarily satisfied with a promise to pay. Some creditors will call 5 to 10 times a day or more no matter what you tell them. No wonder my clients are stressed!
Circumstances happen that keep people from doing what they intended to do. People get laid off from jobs, get hours cut, get divorced, get sick. Why would you feel embarrassed about events that are beyond your control? Many other people feel angry and upset that creditors with whom they have had good credit have now turned their backs on them. These feelings are normal and are justified. But creditors are not your friends, they are quasi-business partners. And when you don't hold up your end of the bargain, creditors get pushy, annoying, and the relationship with them gets dicey.
Bankruptcy may seem like admitting defeat. But don't take bankruptcy so personally. Your creditors don't. To them, bankruptcy is simply a part of the cost of doing business. Banks calculate their interest rates based on their perceived risk of giving a loan to a person. The number of bankruptcies a bank receives helps them to assess the number of unpaid accounts and what the bank needs to charge in interest in the future on the next set of loans to make a profit. Absolutely nothing personal about it. So don't shed a tear and see our section on The Bright Side of Bankruptcy.
I have helped thousands of people get out of debt and enjoy the stress relief that bankruptcy provides. I am a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code. The choice of an attorney is an important one and should not be made based on advertising alone.
