Whenever we kick off a new year, most of us take a look at our lives with the intention of finding a way to improve ourselves, relationships, living conditions, careers, and many other areas of our lives. One area many of us can look to improve is our financial well-being. Because the majority of us hold some type of debt such as a mortgage, credit card debt, car loan, medical bill, or otherwise, rethinking our financial situation can be an effective approach to improving our lives with a new year resolution. If you’re struggling with your finances, Behm Law Group, Ltd. can help you get long-term debt relief in Jackson, MN by filing for individual consumer or business bankruptcy.
Filing for bankruptcy is a highly effective way to recover from financial difficulties, but getting debt relief is valuable in more ways than one. Because financial struggles and debt are one of the leading causes of underlying stress for people across the country, filing for bankruptcy can seriously relieve both debt and stress in your day-to-day life.
Debt and Stress
When you have debts that become more and more unmanageable over time, you’re dealing with a legal responsibility that creates a similar type of stress as other negative life conditions including the death of a loved one, chronic illness, social stigma and bias, or mental illness. Dealing with the stress of debt can significantly increase your exposure to difficult emotional problems resembling those created by other traumatic life experiences, including:
- Depression
- Anxiety
- Denial
- Anger
- Frustration
- Shame
- Regret
- Grief
- Fear
- Resentment
- Decline in physical health
These emotional states and a stress-related decline in physical health can also put a strain on your relationships with family, friends, and coworkers. These stress factors can also compromise your career and make each day more difficult in general.
Filing for bankruptcy is an option any individual consumer or business can use to recover from severe debt. As a government-structured process that treats your debts in a way designed to be fair to all parties involved, bankruptcy is a realistic option for many struggling with accumulated or unexpected debt.
Find Professional Help when Filing for Bankruptcy
If you’re feeling the stress of unmanageable debt, contact Behm Law Group, Ltd. today to learn more about filing for bankruptcy and getting debt relief in Jackson, MN.
