A nice article from Fort-Myers, Florida, that has been especially hard hit by the economic problems facing us, highlights the emotional toll that bankruptcy can take on people.
As the article points out, those that are facing financial problems today are facing failure for the first time in their adult life. Dealing with the feelings of failure can lead to a loss of self-esteem, self-worth, depression, hopelessness and more.
The combination of those emotional hurdles, the pressure and the stress people go through when trying to save the home, pay the credit cards and deal with the bill collector, are often overwhelming.
But deciding that bankruptcy is the right and most logical choice is a hard decision to come to and the confidence that it is the right decision is usually reached once everyone is screaming at you our you have spent all the money you have trying to keep the sinking financial ship afloat.The Emotional Toll of Financial Problems by Steve Rhode