One of the main reasons that people choose not to file for bankruptcy is that they feel like the financial issues are their fault and they need to find a way to take care of them. In short, they feel bad to file bankruptcy, and it’s all because they’re blaming themselves.
There are two problems here. The first is that bankruptcy is a way to take care of financial issues. There’s nothing wrong with that. The government builds a lot of legal tools into modern society that people can use. Bankruptcy is just one such tool. If it makes sense for you and gives you the best future, there’s no shame at all in using it.
The second problem is that bankruptcy probably isn’t your fault anyway. Top reasons that people file include job loss and medical bills, for example. It’s not your fault that your boss’s company failed, they fired you and now you can’t make ends meet. It’s not your fault that your debt seemed easily affordable before you got sick or injured and ended up in the hospital.
This is just how life goes. Outside influences play a massive role. You can’t control everything, and no one expects you to. When something like this takes place, don’t spend any time blaming yourself. Instead, spend that time looking into all of the options that you have to get things back on track.
You may want to think of bankruptcy as a learning experience and a fresh start. You can put things back together and get on the road to success, all while learning about how to set yourself up for greater success in the future.