One thing that many clients say about bankruptcy is how ashamed it makes them feel. Don’t be ashamed to ask for help. Bankruptcy is extremely common and normal. People from all walks of life may find themselves struggling to make ends meet because of a sudden illness, job loss or other reasons.
There is no reason to worry about being judged. Your attorney has met with many people in situations just like yours in the past, and they are able to help you overcome your struggles as well. If you feel any way at all about bankruptcy, be proud of yourself for taking the steps you need to take to get back in control of your finances.
What are some common causes of bankruptcy?
There are dozens of reasons for bankruptcy. Some of the most common include:
- Sudden job loss
- Medical bills
- Small business failures
Any kind of change in your circumstances could impact your ability to pay your bills, and that’s what could lead to bankruptcy.
What should you do if you’re finding it difficult to pay your bills on time?
If you’re having a hard time paying what you owe on time, it may be time to talk to your attorney. You can try negotiating with creditors, settling debts and other options before you pursue a bankruptcy. If the other methods of debt reduction don’t work for you, then bankruptcy will be there to help set your finances straight again.
It can be emotional to go through a bankruptcy, but you shouldn’t feel bad. Our website has more on why bankruptcy can be helpful in situations like yours.