What Should I Do If I’m Deeply in Debt?

Published by Dalton Middleton · February 26, 2015 ·

One of my friends just told me that he owes $68,000 in credit card debt. He’s 26 years old. And he has that feeling in the pit of his stomach—you know that feeling. He can’t ever truly relax because he’s so worried. All these questions start racing through his head…

11034189_833221350071072_8544308559564533046_nHow I will ever pay all these bills?

Will I ever have fun again?

Are they going to sue me? And if they do, will my wages be garnished.

As I was talking to him, I was reminded of the last time I felt that way. We all feel that way at one point or another. It’s terrible, to put it mildly.

The trouble with that feeling is that it stops people from taking rational steps. They just want the feeling to go away. They’ll do anything to make the feeling go away. For some people, that means ignoring it entirely. Others start worrying so much that they cannot focus on the solutions in front of them. There’s so much emotion packed into financial problems that it’s hard to be clear-headed and strategic.

But here’s the truth: There’s always a way out. So here’s something I want you to try this week. Go sit somewhere peaceful and calm. Give yourself permission to feel that panic for five or ten minutes. Then ask yourself a question. Ask yourself: “If I were to consider every single opportunity for resolving this situation, what would be on that list?”

Then start making a list. It might include things like declaring bankruptcy, selling your house, or getting a second job. It might include things like dipping into your children’s college fund or selling one of your cars.

These are things you might be thinking that you would never, ever consider. But don’t judge the things on your list. If you pile more fear on top of the fear you already have, you aren’t going to find a solution. The key is that you want to allow your mind to open up to all of the possibilities. Let it wander. Invite it to consider the absurd.

And see what you come up with. There are always options. In fact, the universe is filled with infinite possibilities. The question is: Can you see the options?

So take a deep breath. Believe that there is a way.

And one other thing because I want to give you an example of a solution that you might be afraid to think about.

Most people are terrified when they think of bankruptcy.

Considering filing bankruptcy just makes them feel worse. But is it really that bad? I don’t think so. Bankruptcy allows people an opportunity to wipe the slate clean. It gives them the chance to start over, without having to feel financial stress day in and day out. And it also allows them to start rebuilding their credit score a while lot faster than if they just keep struggling to stay afloat for years on end.

But you won’t see options like this if you do not allow your mind to consider them.


MIDDLETON LAW OFFICE, PLLC helps people recover from financial mistakes. We also assist our clients with rebuilding their credit scores after Bankruptcy by providing our clients with the services ofwww.720creditscore.com.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code, and also provide solutions through the Fair Debt Collection Practices Act.


TUPELO, MS 38801



TELEPHONE: (662) 205-4749

Middleton Law Office, PLLC


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s