If you lost your job after many years of service, you may spend most or all of your savings on food, rent, and other living expenses. You may not have enough money left over to pay on your credit cards and other bills. If you default on your bills, some of your creditors may threaten to sue you in court, take your car, or confiscate your personal items as repayment. Although your situation and finances may seem hopeless right now, you can stay afloat until you find new employment with the information below.

How Do You Keep Your Stress Down?

Stress is one of the biggest health problems people in debt experience today. Not only does "debt stress" affect your physical health, but it can also wreak havoc on your emotional, personal, and psychological health. You may lose the ability to communicate your needs or make sound decisions about your life. For example, you may try to borrow money from your loved ones in order to pay off your debt. If your loved ones don't have the money to help you repay your debt, you may become angry or disappointed in them. 

You may even develop an intense fear of what your creditors may or may not do to you in court. This fear may cause you to lash out at your creditors when they call your phone. Some of your creditors may use your outbursts against you in court. Stress can cause numerous other problems for you over time. But if you take steps to overcome your financial difficulties, you may be able to stay afloat and protect your health. 

How Do You Overcome Your Financial Stress?

It's crucial that you speak to a bankruptcy attorney about your financial difficulties before it's too late. Even if you find a job soon, creditors may still try to sue you in court. Some creditors may ask a court to garnish your wages and bank accounts as repayment. If you have a family to support, the loss of income may devastate you financially and mentally. 

A bankruptcy lawyer can go over your debt to see if you qualify for exemptions. Exemptions allow you to keep some or all of your personal property and wages during bankruptcy. An attorney can tell you more about exemptions and how they work when they speak with you.

If you're creditors threatening you about your debt, consult with your local bankruptcy law services today.