Bankruptcy is a valuable financial tool that many people use to tackle insurmountable debts they simply can't pay back. Although it can lay the groundwork for a brighter financial future, the actual act of filing can be emotionally taxing. Follow these tips to ease the stress of the process.
5 Ways to Tackle Stress During Bankruptcy
1. Frame Your Filing Positively
Bankruptcy is not a sign of failure. Remind yourself that by filing, you’re putting yourself on a restorative path to a better future for yourself and your family. Without the burden of debt, you’re gaining breathing room and the opportunity to regain your financial footing.
2. Make a Plan
Get proactive and seize control of your situation. Write down a step-by-step plan to get your credit score back up since it will take a hit after you file. You can start by getting a secured credit card, for example, and later diversify your credit by taking out a small loan.
3. Get Organized
Another way to take charge of your Chapter 13 or Chapter 7 filing is to get organized. Compile all paperwork related to your filing. Going forward, commit to staying on top of your money by organizing all documents, from credit card bills to bank statements, for easy oversight.
4. Stay Healthy
Your daily habits have a big impact on stress levels. Eat a healthy diet and exercise regularly to keep anxiety at bay. Research shows that just five minutes of physical activity per day can decrease tension.
5. Seek Assistance
Bankruptcy is a complicated procedure. Enlisting the assistance of an attorney can alleviate stress and give you peace of mind. While they stay on top of the paperwork, you can focus on rebuilding your life and looking toward the future.
For help with bankruptcy in Dothan, AL, trust The Gil Law Firm. Rafael Gil III and his team provide the personalized, knowledgeable legal counsel you need to get through this process successfully. They’ll go through your case in detail, taking the time to explain your options to you clearly and lending a compassionate ear to hear your concerns. Founded in 2000, the law firm has been helping clients throughout Georgia, Florida, and Alabama for over 15 years. Find out more about their services online. To meet with a lawyer, call (334) 673-0100.