While you might think running from your creditors would keep you in good shape, the harsh reality is, "you can run, but you can't hide." Change your phone number as many times as you want, but you'll still be looking over your shoulder, waiting to be sued or waking up at 3 in the morning thinking you heard the repo-man in your driveway.
We know there are some obvious financial benefits to bankruptcy, but what about your health? If you’ve ever lost a job or fell behind on a house payment, you're probably well aware how our finances play such a huge role in our stress levels. That said, if you’re tangled up in debts, you’re more than likely beginning to stress out!
If you're thinking “stress” seems overly vague, it’s probably because of the huge range of major health issues it can cause, including: cardiovascular disease, hypertension, diabetes, personality changes, anxiety, depression, insomnia, reproductive disorders, diseases of the digestive tract, muscle spasms, a weakened immune system, even cancer. And according to webmd, 75-90% of doctor visits are due to stress related ailments. They also claim that untreated stress is responsible for more than 50% of lifelong emotional disorders!
The ability to wipe out your debt is certainly a powerful legal tool, but bankruptcy can also literally be powerful medicine. So when you consider filing bankruptcy, remember you’re not just getting rid of your debts - you’re likely to wipe out a lot of stress and may actually add years to your life!