When you carry a large debt load you find yourself caught between two worlds; the present where you are trying to pay your rent, car payments, utilities, medical insurance – and the past, where you are trying to pay for past expenses and past financial mistakes.
You only have one job, one source of income, but trying to stretch it to cover the past and the present. In the end, something has to give and you stop paying for the past so that you can live in the now. But it is not that easy – especially in the current environment of aggressive debt collectors and the rise of the debt buying industry.
Bankruptcy is a difficult decision to make. But sometimes it is terribly necessary. Filing for bankruptcy will put an immediate stop to the stress you currently feel and give you something you haven’t had in years – time to catch your breath.
Imagine getting your paycheck and not having to decide what bills not to pay. Imagine not having a physical reaction every time the phone rings. Imagine being able to have hope for the future.
Bankruptcy is not pain free. There are real consequences to a bankruptcy filing – however they are not near as severe as many would have you believe and are minor when compared to the overwhelming stress of crushing debt.
It takes courage. But the time has come to stop living in the past and plan a way forward.