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Bankruptcy helps you live longer

On Behalf of | Mar 4, 2016 | Bankruptcy, Firm News

People don’t always think of debt relief as a part of financial planning, but it often is. Having counseled people in financial trouble for over 25 years, I know that the fear of bankruptcy being imminent, and trying to determine whether there are other options, is probably the most stressful part of the whole process.

According to an article in Forbes magazine, a study found that bankruptcy helps people live longer, likely because dealing with debt problems, rather than letting them fester, significantly reduces stress.

Time and again, once people pick up the phone to call me and then meet with me, they tell me that they already feel the weight of helplessness lifted off their shoulders. “I can sleep again now” is one of the most-heard refrains in my office.