While filing bankruptcy is sometimes the necessary course of action over other types of debt consolidation, it often carries a great deal of emotional fallout. In addition to the stigma someone may feel in taking this step toward financial relief, it can produce the symptoms of anxiety, depression, and other forms of stress. Here are some suggestions for combating those negative emotions and maintaining a more positive mindset as you begin to rebuild.

Stress-Relief Tips When Going Through Bankruptcy

1. Dismiss Feelings of Shame

In the past, filing for bankruptcy was socially unacceptable, and people were secretive about this type of debt relief. However, times have changed, and it’s become much more common to seek debt relief through the courts.

If that’s not enough to help alleviate feelings of shame, remember that pursuing this type of financial relief will help you get your life back on track. This is often the best way to deal with creditors and work toward financial health, which is a source of positivity and relief. 

2. Join a Support Group

There are likely several support groups in your area. Alternatively, you may prefer to find a group online that meets via chat rooms. Whatever setting you choose, discussing your feelings and experiences with others who are also filing for a Chapter 7 or Chapter 13 bankruptcy can help alleviate much of the emotional stress this type of situation creates. The anxiety is often exacerbated by feeling alone, so connecting with others can help you find solidarity. 

3. Exercise

Whether you join a fitness center, take yoga classes, or just go bicycling on your own, getting more physical exercise will benefit you in a number of ways.

First, you’ll find that working out distracts your mind and keeps you from focusing too much on the negative aspects of your life. Also, the brain releases endorphins, or “feel good” neurotransmitters, which can help clear your mind and boost your positivity.

Finally, don’t discount the benefit of improved physical health. As you improve your financial standing, being in better shape will allow you to enjoy your new freedom.

4. Focus on the Future

Focus on the new beginning you’re working toward. Start by developing a new budget that allows you to meet your financial obligations while leaving you something to put away in a savings account. This may require cutting out some unnecessary expenses, but you’ll find the sacrifices worthwhile as you learn and grow. You can also look for new ways to rebuild your credit to better afford to finance major life events in the future.

 

Filing for bankruptcy has many positive aspects. It will allow you to rebuild your life and plan for a brighter future. Arnold Law Offices in Pell City, AL, will help you explore your debt relief options if you’re facing problems with creditors. They’re dedicated to providing each client with personal, quality legal services. To schedule a consultation, visit their website or call (205) 338- 6565.