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Why are people still ashamed of filing for bankruptcy?

You have been struggling with your finances for some time now, but the main thing holding you back from filing for Chapter 7 bankruptcy is the stigma you believe is attached to those who go bankrupt. The thought of filing for bankruptcy may raise your anxiety level, as well as instill numerous other negative feelings. However, you are not alone if you feel embarrassed or ashamed to admit you need help. Other New Yorkers are struggling with their perceptions of a social and financial stigma surrounding bankruptcy.

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