The mental burden of filing bankruptcy can be overwhelming. This is in addition to its financial consequences. It is essential to acknowledge that bankruptcy is psychologically exhausting. It causes stress within personal relationships and can be traumatic for you and your family.
But let’s try to see bankruptcy in a different perspective. You can be emotionally exhausted by the time you file for bankruptcy, and it is certainly not something you want to fall into, but you can look at bankruptcy as an opportunity to give you a fresh start.
Four Ways to Keep Yourself Mentally Healthy After Bankruptcy
Filing for bankruptcy can affect your mental health. However, there are ways you can cope with the stress of bankruptcy. The following are three ways to keep yourself mentally healthy after bankruptcy.
- Stop the feelings of shame and guilt.
You’re not the only one who is going through bankruptcy. Oftentimes, people who file for bankruptcy are tormented by shame and guilt. It’s common for bankruptcy filers to express thoughts such as, “I feel so disappointed in myself,” or “I am a failure.” But consider the following:
- It won’t make your situation better: Stop beating yourself up and succumbing to your negative emotions. This can emotionally harm you, and it prevents you from moving on in a positive way.
- Remember your goal: Make peace with your past and let it go. Stop wallowing in self-pity and dwelling on negative thoughts. The challenge here is adopting the right attitude, learning from your mistakes, and getting yourself mentally positive.
- Find yourself.
How will you emotionally cope if you continue to feel disappointed about the past and regret the choices you made? Once you’ve settled your bankruptcy, find yourself.
- Soul searching: This can help you determine what led you to bankruptcy and what you should have done differently. Ask yourself some questions such as, “How did this happen?” or “What have I learnt from this experience?” The answers you get can help you formulate a better financial plan after filing for bankruptcy.
- Support team: Your family, friends, relatives, or church members can give you the emotional support you need. Also, eliminate the staff who lack the determination to get your company back on track. This can help you and your company work harder and better despite the distressing situation.
- Know the legal facts.
Most people filing for bankruptcy also deal with fears and anxieties because they think about common bankruptcy myths. For example, you may worry about losing your properties, your employer might hold the bankruptcy against you, or everyone will find out about your situation.
Consult with a reliable bankruptcy lawyer and know the facts that apply to your situation. You may actually be surprised to learn that some aspects in bankruptcy are not as terrible as you imagined.
Stay Mentally Healthy with These Tips
Keep in mind these key ways to keep yourself mentally healthy after bankruptcy. Don’t let bankruptcy lessen your quality of life. Accept it as a way to start a new life, and deal with it efficiently. Meanwhile, if you have further questions about bankruptcy, Want a Fresh Start, LLC can help you.
Gail Wilson has more than years of experience under her belt when it comes to writing, which she is currently sharing with her clients and peers through her articles. She writes pieces on various law topics that she hopes could help the common reader with their concerns. A family oriented person, Gail loves spending time with her husband and two sons during her free time.