Benefits of Wilmington bankruptcy may surprise you
Image by KaboomPics
Wilmington bankruptcy is a lifeline for those drowning in debt. Unfortunately, most people see it as the end of the line, and some equate it to hitting rock bottom much like when someone heads to rehab. This is the wrong stance to take on bankruptcy. The majority of consumers didn’t wind up in a financial mess by making knowingly bad choices (as you do with drinking or drugs that land you in rehab). Most of our clients had a significant life event that wrecked their finances.
For some, it’s a long-term bout of unemployment. For others, it might be a divorce and custody battle. Others might have a serious illness that runs up medical bills while simultaneously cutting their ability to earn income. Once you solve the underlying problem, bankruptcy is an opportunity to clear your financial slate and move forward without unmanageable debt weighing you down.
It is a second chance - a fresh start - a path to a brighter financial future. That’s the way to view bankruptcy. You can expect to come out of bankruptcy with less (or no) debt and a plan for the future. Those are common benefits. There are also some uncommon benefits that you might enjoy as a result of your successful bankruptcy case and discharge.
1 – Finally, a good night’s sleep
When you’re stressed over debt, it ruins your days and nights. Money worries can leave you tossing and turning, cause insomnia, or cause you to wake and pace the floor. When you don’t get enough sleep, it affects every aspect of your life. You might have a car accident, make a major mistake at work, or be impatient with your family. But with your debt gone, you can rest easy, sleep well, and enjoy an improved quality of life.
2 – A better body (possibly)
Another thing about finances and debt stress is that it often leads to unhealthy lifestyle choices. When you’re worried about money, you might overeat, neglect to go to the gym, or find yourself prone to illness. Stress can take a terrible toll on your body. Once you file Wilmington bankruptcy and get your financial house in order, you may find yourself eating better, energized enough to work out, and making better decisions that get you back into shape.
3 – Improved personal life
You might not realize it, but unmanageable debt affects your personal life and all your relationships. The leading cause of fights in marriages and partnerships is finances. Your marriage might be tense, and your love life on the decline as your money problems deepened. This is common. But once you use bankruptcy to get your finances straightened out, you can then work on re-affirming your relationship since this source of strife is alleviated.
4 – Enhanced job satisfaction
Another thing that suffers when all you can think about are your unpaid bills is your work. You might not see it, but co-workers and managers likely do. It’s hard to do your best job when you’re living paycheck to paycheck and always stressed out. No matter what you do or how much you earn, you can have money problems that affect the quality of your work and your career opportunities. By clearing your financial slate, you can focus better and work happier.
There’s no way to keep debt stress from affecting other aspects of your life. When you’re worried about money, that seeps into interactions with your partner, children, family, friends, co-workers, boss, and even the barista at the coffee shop. You are not your best self when you’re fighting a financial battle. Bankruptcy might be just the intervention you need to stop the stress and take back your life. It’s not a solution for everyone, but the only way to know is to ask.
To find out more about the life-changing benefits of bankruptcy, read reviews from our clients and contact the Law Offices of John T Orcutt. Then call +1-888-234-4190 to schedule a free Wilmington bankruptcy consultation at one of our locations in Raleigh, Durham, Fayetteville, Wilson, Greensboro, Garner or Wilmington.