Bankruptcy can be seen as a low point in the life of the
filer, but it shouldn’t be. One should think of the low point as being the
event that has forced one into filing
for bankruptcy, like illness or the loss of a job. If you’re filing for
bankruptcy protection, you should see it as a fresh start, since this is the
reason bankruptcy was first created.
The bankruptcy process gives the debtor the chance to clear
away many overwhelming debts, freeing up income for secured debts like a
mortgage. When discharged from bankruptcy, the petitioner will find less hassle
from creditors.
If someone has filed because of an illness, divorce or
unemployment, the last thing he or she needs is stress from collection
agencies. To most of these folks, however, the filer is just a name, number and
collection amount. However, debt collectors work everyday with people in
default, so they become hardened.
If you switch your mindset from looking at a bankruptcy
filing as a low or looking at yourself as a failure to seeing the process as a
fresh start, you can let the filing take away a lot of stress. Let your bankruptcy lawyer help you remove the
negative images you might associate with it. If you’re filing for bankruptcy,
don’t think of it as a negative. Think about the fresh start it will provide
and new hope you will have.
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