One of the biggest reasons that many people put off going bankrupt is because of the stigma that is attached to it. They feel that they are a financial failure and are often embarrassed by this. What has to be realized is that really you don’t need to justify your bankruptcy decision to family and friends.
You may definitely want to discuss this with your spouse as they will be directly involved in your bankruptcy in one way or another. You also have to create the mindset that the step you are taking by going bankrupt is a good step if there is no other recourse for your financial situation.
What you are making here is not a desperate decision but a good decision. Once you have completed your bankruptcy you will find that you are going to have a fresh start with your finances and your family and friends should see that this has been beneficial to you.
It is entirely your decision as to whether you want to discuss your bankruptcy with your family and friends, however if you are job seeking you may have to reveal this information, but again, you don’t need to justify it. In fact, many potential employers like the fact that you have taken responsibility for your financial situation.
Once you’ve decided to go bankrupt and feel comfortable in doing so then you need to find yourself a qualified bankruptcy attorney that can assist you through the entire process. This individual will also reiterate the fact that the bankruptcy is a form of debt relief and by making this choice you are being responsible in your financial actions.
