When someone is stressed financially, it impacts them 24/7. I describe it like a background noise that never goes away. Even when they are not consciously thinking about their finances, their subconscious mind is.

Financial stress robs us of the joy of life. It’s more difficult to experience happiness and joy when you are constantly worried about your finances. You are less patient and more likely to overreact to situations. Oftentimes people use avoidance as their main coping mechanism. They avoid the mail, phone calls, checking their credit or looking at their balances.

This avoidance strategy never works, instead, it ensures that you will experience more suffering in the future. Another problem with financial stress is that it robs people of their self-belief. They begin to lose that inner voice that says “You Can Do It” and it’s slowly replaced with a depressed/negative voice that says “Why even try?”.

Creditors and Debt Collectors understand all of this and take advantage by using aggressive/harassing tactics. Their number one goal is to use your fear against you and make you feel even worse to get you to do whatever they want.

But here is the good news, all of that can change in a matter of minutes. Once you talk to a good attorney and discover that there are strategies that can give you a reset and a fresh start, it can change your entire mindset.

Part of the financial stress is due to the uncertainty and impossibility of your situation. When you can’t see a way out, you are stuck in a cycle of stress that seems never-ending. But once you realize that there are ways for you to completely transform and turn around your financial life, you will immediately feel better.

Bankruptcy’s purpose is simple, it’s to give people a second chance and a fresh start.