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Pre-Bankruptcy Guilt

December 17, 2011 Posted by Monica D. Shepard, Esq. under Bankruptcy, Guilt
12 Comments

Chain Link G (Silver Spring, MD)
Bankruptcy filers often feel guilty or ashamed that their debts have gotten to the point where they need to avail themselves of the bankruptcy laws. But, there is no need to feel ashamed or guilty. Over $1.5 million people filed bankruptcy in 2010 and the number is expected to be just as high in 2011. As layoffs, inflation and unemployment continues to increase more and more people are considering the bankruptcy option. Filing bankruptcy is a legal act and completely within your rights. Bankruptcy laws were created to benefit debtors, creditors and society as a whole. Even some of the most successful people in history have filed bankruptcy at least once. Bankruptcy no longer has the stigma attached to it that it had in the past. bk nowadays is often used as a financial planning tool to restore financial stability. It puts people (and corporations) in a position to move forward and become productive once again. Feeling guilty is normal but non-productive. The best thing to do is to put your past behind you and focus on the future. The past cannot be changed. Learn a lesson and keep moving ahead. The relief you will experience once the process is complete will most likely override any initial feelings of shame or guilt.
Creative Commons License photo credit: takomabibelot G= Garnishment- Jay S. Fleischman, New York City Bankruptcy Attorney G = Guarantee- Cathy Moran, Northern CA Bankruptcy Attorney G = Garnishment- Stuart Ing, Hawaii Bankruptcy Attorney G = Goals- Robert Doig, Colorado Springs Bankruptcy Attorney G = Good Manners- Bill Balena, Ohio Bankruptcy Attorney G = Garnishment- Christopher Carr, Philadelphia Bankruptcy Attorney G = Good Faith- Mitchell Goldstein, Richmond, VA Bankruptcy Attorney G = Garnishment- Stuart Ing, Hawaii Bankruptcy Attorney G = Good To Me- Jeena Cho, San Francisco Bankruptcy Attorney G = Gee- Kimberly Coleman, Philadelphia Bankruptcy Attorney G= Gumshoe- Cate Eranthe, Marin County Bankruptcy Attorney G= Gift- Mark Markus, Los Angeles Bankruptcy Attorney G= Gift- Kurt O’Keefe, Detroit Bankruptcy Attorney
G= Personal Guaranty – Peter Behrmann, Livonia, Michigan Bankruptcy Attorney

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12 Responses to Pre-Bankruptcy Guilt

  1. Good Manners At Bankruptcy Creditor MeetingDecember 19, 2011 at 11:02 am

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  2. G in the Bankruptcy Alphabet is for “Garnishment”: Will Bankruptcy Help? « Christopher Carr, Esq. on Debt ReliefDecember 19, 2011 at 8:59 pm

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  3. Bankruptcy Alphabet From A – Z — JC Law GroupDecember 22, 2011 at 1:10 pm

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  4. Bankruptcy A-Z: G is for “Good Faith” | Metro Richmond Consumer, Bankruptcy and Small Business Lawyer | Goldstein Law GroupDecember 26, 2011 at 7:19 am

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  6. G is for “GEE!!!” in the Bankruptcy Alphabet -January 3, 2012 at 3:55 pm

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  7. Bankruptcy A to Z – G is for Gumshoe | Marin Bankruptcy Lawyer | Marin Bankruptcy LawyerJanuary 13, 2012 at 5:35 pm

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  8. Bankruptcy Alphabet: G is for Good to Me — JC Law GroupJanuary 16, 2012 at 1:52 am

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  9. Bankruptcy A to Z – G is for Gumshoe | Marin Bankruptcy LawyerJanuary 31, 2012 at 12:27 pm

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  10. G is for Gifts in Bankruptcy | Bankruptcy Blog from Los Angeles AttorneyFebruary 20, 2012 at 4:32 pm

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  11. Feel Guilty Filing Bankruptcy? Good!February 28, 2012 at 2:04 pm

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  12. Personal Guaranty, Chapter 7, Chapter 13 Livonia Michigan | Livonia Michigan BankruptcyMarch 12, 2012 at 12:15 pm

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