Bankruptcy, like many things in life, can be seen to have a certain stigma attached to it. While, theoretically, you may believe that the judgment of others should never affect you, it's normal to have concerns. You may be embarrassed to admit to friends that you are facing bankruptcy, or worried that your children will lose respect for you. Additionally, you may worry about your employer learning about your bankruptcy filing.
While all of these worries are understandable, it is important to acknowledge that they are very much irrational worries that are founded by societal expectations and cultural norms. It's perhaps nobler to face up to the fact that you are having financial difficulties than to bury your head in the sand and to keep spending so that you are perceived as outwardly successful. The following are some ways to deal with your fear of the stigma of bankruptcy.