Filing for bankruptcy can feel like you’ve hit the financial equivalent of rock bottom. While it does wipe out your old debt, bankruptcy is a mark on your credit record and it can affect one’s emotional and mental health as well. But it is important to remember that bankruptcy is not the end of the road and there are ways to get out of it. Nirmala Subramaniam of AKPK and licensed professional counsellor Heeran Kaur speaks to Sim Wie Boon on this.

Image credit: Shutterstock.com

Produced by: Sim Wie Boon

Presented by: Sim Wie Boon

Download the BFM mobile app. Stay at home and stay up-to-date.

Tags:  bankrupt,  bankruptcy,  insolvency,  debt,  financial planning,  financial distress,  AKPK,  creditors,  mental health,  Financial Services,  Economy, Markets,  Personal Finance,  Politics, News, Current Affairs