Four Ways to Cope with Bankruptcy

: Reese Baker & Associates

  Filed under: Bankruptcy Information

copeAfter filing for Texas bankruptcy, you can experience a flood of emotions. You will likely feel relieved to have debts removed, but may also battle anger or sadness. Furthermore, these are only a few of the feelings that may bankrupt you emotionally. Below are five ways to cope with the emotional toll of bankruptcy:

  • Choose When and How to Talk About It. Some people find talking about how they feel cathartic; others don’t. Filers often fear judgment for declaring bankruptcy, so they don’t discuss it with anyone or change the subject if it arises. Remember that talking about bankruptcy and how much you say is ultimately your decision. You also choose with whom to talk and what questions to answer. There is nothing wrong with saying, “I don’t want to answer that. It’s too personal.”
  • Take Care of Yourself. After consulting with trustees, financial statements, and bankruptcy attorneys, you’ll probably feel the need to move around. Give in to it; get plenty of fresh air and exercise. If you’ve lost your gym membership, find a walking path or bike trail near your area. Remember to get adequate rest, eat right, and treat yourself every now and then.
  • It’s My Bankruptcy and I’ll Cry if I Want To. Yes, that’s right. You can cry. Men, you’re not exempt from this, either. A good cry can be physically and mentally cathartic, so indulge.
  • Count Your Blessings. Yes, you heard right. Chapter 7 and Chapter 13 don’t take away your blessings or fun. Have fun for free; break out a book you always wanted to read or play backyard football. Each day, think of and say out loud at least three things you’re thankful for to help you emotionally cope with the bankruptcy process.