As a homeowner, there are not many things worse than receiving a foreclosure notice in the mail. If this comes, it's because you've fallen behind on your mortgage payments.
There are few assets that could even be considered more valuable than your home. Sure, your car and some valuable family heirlooms hold value, but your home is the place where you feel comfortable. It's where you live. It's where you raised your kids. Losing your home is disorienting in a way that few other things could ever be.
Bankruptcy can be incredibly helpful for those in debt. But we aren't naive -- it isn't a fun process. Going through bankruptcy can take time, while also taking an emotional toll on you. If you take the necessary steps and work hard at it, though, then you can come through the bankruptcy with an improved financial standing that allows you to start moving on with your life.