If you have recently gone through a Chapter 7 or Chapter 13 bankruptcy, you know that there is a whirlwind of emotions that comes with the process. You might feel a sense of relief that it is finally over, as well as hope for your financial future. However, you and other New Yorkers who have gone through financial struggles may be feeling mostly negative emotions.
It is not uncommon to feel shame, grief, sadness and anger both during and after the process of bankruptcy, states U.S. News & World Report. Chronic depression is overwhelmingly prevalent among those who have suffered for months or years with their financial troubles. The stress can also put a strain on your relationship, which might lead to frequent arguments over money or even divorce. Is it any surprise that you may be more depressed at this time than you usually feel?
It is important not to ignore depression, as it can affect your daily life and may even contribute to harmful habits or decisions that cause additional financial problems. If your emotional mood in the weeks following bankruptcy is that of feeling overwhelmed, sad, guilty or upset, consider taking the following steps:
- Do something positive for yourself every day to ward off the blues. Unwind by taking a walk or a hot bath, go out to lunch with a friend or treat yourself to an inexpensive gift.
- Speak with a financial advisor, who will be used to dealing with negative feelings among people who are struggling, and will likely have suggestions on managing your finances and staying positive.
- Get involved in activities that will strengthen your relationship with your spouse and family.
- If necessary, seek advice from a counselor to help with your symptoms of depression.
Recovering from a bankruptcy may be almost as stressful as the bankruptcy itself, but it may help to remind yourself that the worst is behind you, and with careful planning, you may have a bright financial future ahead of you.