How to Manage Your Mental Health When Filing Bankruptcy

Acknowledge the reality of your situation and how it impacts your mental healthWhile money can’t buy happiness, it can make you feel sad, embarrassed, fearful, and stressed. These emotions may cause you to put off filing bankruptcy, but instead of letting your emotions stop you, remind them that this is a financial strategy that’ll give you a fresh start. Albeit, it’ll take time, and you’ll need to manage your mental health during this time. There are some things you can do to deal with it in a healthy way.

Acknowledge the reality of your situation and how it impacts your mental health.
This is the first thing you’ll want to do: Make sure that you acknowledge that this is a stressful time in your life. Initially, you may feel guilty for allowing this stress to interfere with your life, but you need to remember that what you’re feeling is normal. Acknowledging how your mental health is doing here will allow you to take in all the information without fear. You don’t have to do this overnight. Instead, make sure you take your time, take care of yourself, and trust that. Eventually, everything will start to make sense.

Find supportive people to talk to while filing for bankruptcy.
This process takes a while. It’s important for you to have a supportive community around you throughout it. While they may not know exactly what you’re going through, you don’t want to go through this on your own.

Talk to you, friends, and family.
You shouldn’t be embarrassed about filing for bankruptcy. Other people have also gone through this financial process. So, make sure that you talk to those around you so that you can take good care of your mental health throughout the process.

Things are already stressful enough without hiding your emotions from your friends or family – something that’ll only add more stress to your life. By talking about your feelings, you’ll be able to let go of some of this stress. You may even find out that some of your friends or family have been through this process yourself.

Find a therapist to talk to.
If you really aren’t comfortable talking to your friends or family about filing bankruptcy or if you don’t have anyone to talk to, make sure you reach out to someone. A therapist is a good option here, especially if you can find one who specializes in financial stress-related issues. Not only can they help you with your mental health, but they may also be able to help you find new strategies for managing your finances.

Develop a financial plan for after the bankruptcy.
It’s a good idea to take this time to create a budget that includes financial goals for your future. While filing for bankruptcy will give you a new start, you want to be stable afterward. Unfortunately, this is something that many people overlook. They fail to realize that creditors will be there after your bankruptcy is over, trying to suck you right back into debt. The best way to deal with them is to have a solid budget in place so that you can follow it and not need to borrow money.

Make sure you talk to your lawyer.
Filing bankruptcy is a difficult choice, but oftentimes the benefits far outweigh the drawbacks. Don’t be afraid to contact us at Weller Legal Group in Clearwater, FL, when you’re ready to file. We understand that this choice can take a toll on your mental health, but with these steps, you can feel more comfortable with your decision. Also, with us by your side, you’ll have less stress as we’ll take care of everything for you, so contact us today.

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