Deciding to file for bankruptcy may have provided you with relief from creditor harassment and the constant stress of incoming bills you are not able to pay. You may be wondering, though, how it will affect your living situation.
Bankruptcy is designed to help a person start over after a financial devastation, but the reality is that many people who file bankruptcy often feel as if it is a moral failure. Emotions can range from embarrassment to depression. Some even resort to suicide rather than face a bankruptcy, but there are ways to cope with the fear and shame. One key thing to remember is that the majority of bankruptcies in the United States are due to a serious illness, a divorce or a loss of a job.