How to Deal With The Emotions Around Filing Wilmington Bankruptcy

Bankruptcy is a life-changing solution

Image by Mubariz Mehdizadeh via Unsplash

Filing Wilmington bankruptcy can be an emotionally trying time whether you are filing individual bankruptcy, joint bankruptcy with your spouse, or small business bankruptcy. No matter what type of bankruptcy you choose, you’re no doubt struggling with a feeling that you somehow failed and stress over your unmanageable debt. But bankruptcy doesn’t have to be an emotionally destabilizing period if you know what to do. Here are some thoughts on how to deal with the emotions that come with this decision.

Don’t Stifle Your Feelings

There’s no reason to try and bury any negative feelings that come with bankruptcy. In fact, allowing yourself to explore and understand your depression, frustration, or anger can help you process them and move on with a better attitude. 

Acknowledging your feelings can allow you to take control of the situation. The upset emotions are likely about the debt you have piled up and that you felt out of control with your life. But bankruptcy takes care of that debt, so you can move on, and let go of these negative feelings.

Share Your Feelings 

If you’re ready for Wilmington bankruptcy to deal with your debt dilemma, talking to a reputable local North Carolina bankruptcy attorney is step one. When you go in for your consultation, you can discuss how all this makes you feel, and they can offer helpful advice.

But this is not the only thing you can do. You can speak to a therapist, pastor, or trusted friend or family member. Unburdening your feelings to someone else is a show of trust. You’re not doing your friends, spouse or family any favors by hiding your feelings. They’ve likely already noticed.

Respect Others' Feelings

Another thing to consider is how your debt circumstance might have affected others. If you’re married, it’s likely that financial problems caused some marital spats. Money woes are one of the top topics of spousal arguments and divorce.

When you’ve decided on bankruptcy to get control of your finances, this is a good time to clear the air in your relationships. If the debt has impacted your relationship with your spouse, parents, siblings, or children, make the most of this fresh start by listening to their feelings, too.

Release Those Feelings

When people first start the bankruptcy process, they often feel they are at an end or a low point in their lives. In fact, it’s the opposite. Bankruptcy offers you the chance to enjoy a clean financial slate without all that debt weighing you down.

Being in excessive debt is stressful. Debt collectors calling at work and home can push you to the breaking point. The good news is that as soon as you file, all that collections activity must stop. With that done and your debt discharged, you can release your bad emotions and start anew.

Understand That Filing for Bankruptcy Was a Step In the Right Direction

In many situations, filing for Wilmington bankruptcy can be the best thing for your mental health, physical health, and the health of the relationships in your life. The bankruptcy process can be therapeutic because, at the end, you get life-changing results.

Compared to living paycheck to paycheck, feeling trapped, and believing there is no end in sight, bankruptcy is a better choice. You shouldn’t think of bankruptcy as giving up. Rather, you should see it as a process of starting afresh.

Wilmington Bankruptcy Can Change Your Life

Take a moment to read reviews from our clients to see how bankruptcy changed their lives for the better. You can go from constant stress over money worries and debt collectors to peace of mind. The benefits of bankruptcy begin from the moment your attorney files your documents.

There are two Wilmington bankruptcy chapters to choose from – Chapter 7 and Chapter 13. To find out more about how the team at the Law Offices of John T. Orcutt can help you, contact us today. Call +1-833-627-0115 now for a free Wilmington bankruptcy consultation at one of our locations in Raleigh, Durham, Fayetteville, Wilson, Greensboro or Wilmington.