Illinois Chapter 7 bankruptcy can relieve stress

Being behind on the bills can create a tremendous amount of stress and anxiety. Not only is the pressure of not being able to pay the bills causing stress, but also the fact that there is a nearly constant barrage of letters and phone calls from creditors who want to be paid. For many people in Illinois, filing Chapter 7 bankruptcy can alleviate this stress and anxiety.

Most people don't set out to avoid paying their bills. Many people would like nothing better than to be able to take care of their debt obligations on their own. Unfortunately, there are often circumstances in life such as the loss of a job or a serious accident or illness that prevent people from doing just that.

Unfortunately, many people also experience a great amount of anxiety when it comes to filing for bankruptcy protection. People don't always understand that the bankruptcy system isn't a punishment. It's the chance for people who got into financial trouble through no fault of their own to start over. It's true that there are some debts that can't be discharged, but it may be possible to discharge the majority of debt.

It can take a lot of courage to take that first step toward filing Chapter 7 bankruptcy. Once an Illinois resident is able to work through the feelings of guilt about filing, it may be possible to see the benefits. Many people find relief from their anxiety right away since all collection efforts by creditors are required to stop when a bankruptcy is filed. There will be no more calls or letters. The filer can finally have some peace, reduce stress and perhaps even be able to celebrate the ability to wipe the slate clean and start over.

Source: fresnobee.com, Bankruptcy can provide Valley residents relief from crushing debt, Tim Sheehan, Sept. 6, 2013

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