ClickCease How to Deal With Depression If You're Burdened With Debt - Legal Facts

I think it will not surprise you if I told you that debt and bankruptcy problems can cause depression and anxiety to a person – not just that, specifically, people who suffer from debt and bankruptcy problems are twice as likely to experience depression and anxiety!

So yes, your financial well-being will have an effect on your mental well-being as well. If you’re not careful about your finances, and you sunk yourself in a financial debt hole, it will also hurt your mental health – and your overall well-being as a person, such as your body, emotions and even to your relationships with your loved ones.

If you’re in this situation, don’t worry, because we will give you tips on how you can take control of BOTH your finances and your mental health!

Before we continue, I just want you to know that if you’re thinking of filing for bankruptcy, you can get a FREE bankruptcy assessment by simply clicking that orange button above. That way, you’ll know in a minute if you’re qualified for bankruptcy.

If you need a bankruptcy lawyer for other legal assistance, you can also have the best Riverside, CA bankruptcy lawyer now!

So, it’s time we take control of both your finances and your mental health. The first thing we can do is to simply relax. You need a calm mind to better assess your problems and take wiser steps to solve it. I know that’s not easy, but it’s certainly worth doing! Take baby steps as you need, it’s alright!

So, are you ready?

Steps to Regain Control Over Your Finances and Mental Health

1) Assess the problem clearly

Sometimes, our worries are blown out of proportion simply because we don’t have a clear understanding of what actually is our problem.

For instance, it’s possible you have a big debt waiting for your payment, but little did you know that you actually have the means to pay it – maybe you’re a high-income earner, and you just need to cut down your expenses and lifestyle for a month or two for you to pay it. But because you never assessed the problem at hand (and the solutions you have), you then thought that you’re in a brink of bankruptcy even when in reality, you’re not.

Clearly assess your problem – that means, identifying EXACTLY the problem. For example, don’t just say, “I have a BIG debt!” Instead, say, “I owe $50,000 to my friend.” You see the difference? Things become clear when you exactly pinpointed your problem.

And when the problem is clearly stated, it’s relatively easier to arrive at meaningful solutions – and that’s what we will do in the next part.

2) Seek for options and arrive at a solution

When you know exactly your problem, it’s easier to know what steps you should do to solve it. Let’s go back to our previous example: “I owe $50,000 to my friend.”

The next thing you can do is to look for options. How will you pay that money? Here’s what you can do:

  • Check your income level
  • Check your lifestyle expenses
  • See what you expenses you can cut down (without losing your basic needs)

Perhaps, the answer is already there! But if money isn’t a good factor to consider, maybe you can consider your friend:

  • Does he/she need the money right away?
  • Can I ask him/her for reconsiderations?
  • What compromises can I offer him/her?

If we will go even a bit further, let’s just say that the friend factor didn’t worked. You may look for “third-party” options:

  • Can I ask my family for money to pay my loans?
  • Can I loan to another friend or family member so I can pay my friend right away?

What I’m trying to show you is that, you have more options than what you can think of! Of course, you don’t need to follow this chart – though these are the basics. Your options and solutions will, of course, depend on the SPECIFIC problem you have.

As you can see, it all began with identifying your problem CLEARLY. If you always start with “I have a big debt!” or other vague statements, you will never arrive at a meaningful solution – you’ll never even know what to do next because your target isn’t clear to you.

3) Fix your finances

At the end of the day, you still have debts to pay (or a bankruptcy case to face). The most important part after you’ve chosen a certain solution, is to simply have the DISCIPLINE to implement it!

Discipline is especially important for your money – and only you can really do that. For habit-related articles, please read our following articles:

When it comes to your money problems, there’s two level you’re possibly in: the debt level and bankruptcy level.

If you’re still in debt (and assuming you still have the financial capacity to pay them), here’s a few tips on how to get out of your debt:

If you’re on a brink of bankruptcy or already facing a bankruptcy case, read this articles we’ve written specifically on this subject:


We hope that these steps will give clarity for your problem. Of course, it doesn’t mean things will be easy, but as Marcus Garret said, you must learn to trust the process and that, you’ll eventually be able to get out of your debt problem!

We hope the best for you! If you want to know if you’re qualified for bankruptcy, click the orange button above for a FREE bankruptcy test.

When you need legal help, don’t hesitate to contact a great bankruptcy lawyer now!