There is a huge volume of expert psychological material about how people make decisions. Read “Blink” by Malcolm Gladwell. In my view, the best decisions are some combination of gut and brain, thinking analytically with your full brain, but also listening to your heart, your intuition, your higher being, or whatever you choose to call it. We are lawyers, not trained psychologists, although we have our own ethical obligations to serve not only as your advocate but also as your “counselor.” We are obligated under our ethics guidelines to tell you things you might not want to hear.
Many of our financially distressed clients think they have lots of time to decide what to do and then to execute slowly and methodically in their usual way of doing business. That is not usually the case, although letting sleeping dogs lie sometimes is the right thing to do. Creditors want a plan, information on your plan, and how/when the plan will proceed. Hemming and hawing around, and being vague about the details, is not going to work as effective decision making when you are in the midst of financial difficulties.