Be Aware of the Emotional Effects of Bankruptcy
Related Forms
Schedule B - Personal Property
Schedule C - Property Claimed as Exempt
Schedule D - Creditors Holding Secured Claims
Schedule E - Creditors Holding Unsecured Priority Claims
Schedule F - Creditors Holding Unsecured Nonpriority Claims
Schedule G - Executory Contracts and Unexpired Leases
Schedule I - Current Income of Individual Debtor(s)
Schedule J- Current Expenditures of Individual Debtor(s)
Summary of Schedules (Includes Statistical Summary of Certain Liabilities)
View AllMany individuals fear filing for bankruptcy because of the negative material effects of bankruptcy. When people file for bankruptcy, they may have many of their personal assets or belongings taken from them, earn a very low credit score, and/or have trouble receiving a loan in the future. They may face repossession or foreclosure.
It is very common for people who are struggling financially to experience severe depression and anxiety. They have been stressed for a very long time attempting to make ends meet. In most cases, they have worked hard in order to regain financial stability, but it is often impossible for an individual to dig themselves out of such a deep hole. The pressure of attempting to pay all of the bills, including the mortgage and credit cards, can become overwhelming.
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