Gillespie & Murphy, P.A.
Call For A Free Consultation : (877) 831-4728

5 reasons to not feel guilty about filing for bankruptcy

There is no reason to feel shame about seeking financial relief through bankruptcy. You might feel guilty about the financial position you have gotten into. While there are always good lessons to learn about finances and debt, you should not feel bad about exercising your right to get relief. 

You should actually feel liberated about filing for bankruptcy. Here are five reasons you should feel guilt-free about pursuing relief from your debts

1. Loss of income

Sometimes a job loss is the first event that hurls you into financial instability. If you lose your job and struggle to find work, you should not blame yourself. Losing your income is often out of your control. 

2. Divorce

Oftentimes, divorce causes you to drown in debt. Divorce can be the cause of foreclosure and credit card problems. The end of your marriage and the financial consequences associated with it are often unavoidable. 

3. Injury or illness

If you became injured or ill, you might have lost time from work or built up a lot of medical bills. When these expenses are not reimbursed by your insurance or government programs, you might have no choice but to file for bankruptcy. 

4. Business failure

Sometimes your small business you launched fails for a variety of reasons. While a failing business can be disheartening, do not put it all on your shoulders. Bankruptcy might be the only answer to get back on your feet. 

5. Learning your lesson from irresponsibility

Even if your own overspending is the cause of your financial struggles, you can always learn from your mistakes. According to AOL Finance, you should not feel guilty about bankruptcy because you learn to not repeat your mistakes. Consumerism is encouraged, and it is easy to give into pressure. Do not beat yourself up over it. Bankruptcy is your chance to start fresh and move on from any mistakes you made.

 

No Comments

Leave a comment
Comment Information
Attorneys Email Us For A Response

Need Help?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Four Different Locations To Serve You Schedule an appointment at our New Bern, Wilmington, Greenville, or Jacksonville office.

Wilmington Office
321 North Front Street
Wilmington, NC 28401

Toll Free: 877-831-4728
Phone: 252-558-1374
Fax: 910-254-3444
Wilmington Law Office Map

Gillespie & Murphy, P.A.
320 Middle Street
New Bern, NC 28560

Toll Free: 877-831-4728
Phone: 252-558-1374
Fax: 252-636-0625
New Bern Law Office Map

Jacksonville Office
200 Valencia Drive, Suite 119
Jacksonville, NC 28546

Toll Free: 877-831-4728
Phone: 252-558-1374
Jacksonville Law Office Map

Greenville Office
101 W 14th St, Suite 101
Greenville, NC 27834

Toll Free: 877-831-4728
Phone: 252-558-1374
Greenville Law Office Map