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Becoming trapped in a cycle of debt has lasting consequences on your financial status. Many people are reluctant to consider filing for bankruptcy to relieve debt out of fear of how it’ll impact their finances and credit score. However, consulting with a bankruptcy attorney will allow you to explore your options on how to eliminate debt and how to deal with the emotions that accompany filing for bankruptcy. 

3 Ways to Cope With the Emotional Stress of a Bankruptcy

1. Trust Your Team

Your bankruptcy lawyer, accountant, and other professionals will be on your side throughout the process, helping to ensure a successful filing. These are the people you should turn to with your questions, concerns, and doubts, since they will have the knowledge and skills to address those issues. However, it’s also important to keep a close friend or family member nearby for emotional support throughout the process. 

2. Take Time to Destress 

Bankruptcy AttorneyThis may be an emotionally tense time for you, even with the assistance of a bankruptcy attorney. If you don’t set aside some time to deal with the added stress, your physical health may be affected. Set aside at least one hour per day to relax and unwind. You can meditate, practice yoga, go for walks, or hit the gym. 

3. Consider Therapy

Many psychologists offer specialized services known as financial therapy, which helps clients cope with the emotional aspect of their debt problems. Having someone to talk to in a confidential setting may be a big step in eliminating the stress that the bankruptcy has created. Start by scheduling one one-hour session each week, and increase it as you see fit throughout the bankruptcy process.  

 

 

If you do have a large amount of debt, a skilled bankruptcy attorney can help you relieve debt and get your life back on track. Backed by 30 years of practice, Mark O. Grater, Attorney at Law can help you explore all your debt relief options. Visit his website to browse his bankruptcy experience or call (860)449-8059 to schedule a consultation. 

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