In difficult economic times, bankruptcy filings increase. According to the Administrative Office of the US Courts, over 1.1 million people filed for bankruptcy in 2008, up 31% from 2007. Contact a knowledgeable and experienced attorney who can help guide you through the complicated maze of overcrowded bankruptcy courts.
Talk to a Bankruptcy Attorney serving Durham, North Carolina and the Surrounding Area
People concerned about losing their home, car or other property, or suffering under the weight of crushing debt should seriously consider whether relief under Chapter 7 or Chapter 13 of the United States Bankruptcy Code is the best solution to overwhelming financial problems.
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The content on this Web page is general in nature and is provided as a courtesy. The information here may or may not address your particular concerns. It is important for you to talk to a lawyer directly to discuss your options. Contact Attorney Terry D. Fisher to schedule a free initial consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the United States Bankruptcy Code.
Surviving the Emotional Effects of Bankruptcy
No matter what circumstances ultimately led to filing bankruptcy, both the practical and the emotional impact on the debtor will be enormous. Confronting the emotional and psychological issues surrounding bankruptcy and reaching an understanding and acceptance of the situation are essential to rebuilding and maintaining a successful financial life. An experienced bankruptcy attorney at Terry D. Fisher in Durham, North Carolina, can guide a debtor through the complicated legal, financial and emotional maze of bankruptcy and steer him or her in the right direction for the future.
Filing bankruptcy can, without a doubt, stir up many negative emotions. The debtor's sense of self-worth is often closely tied to his or her financial circumstances. Loss of money can be experienced as a loss of identity, self-esteem and confidence. We live in a society in which image is seemingly bought through possessions. Money can be viewed as a powerful currency not only in a purely economic sense, but also in relationships and thus a real or perceived loss of interpersonal power can ensue when bankruptcy is filed.
Understanding these emotions can help disentangle the practical realities of money from the possibly destructive or limiting emotional response to bankruptcy.
At times of significant loss, people tend to feel that their entire foundation has been shaken and that their most fundamental sense of security has been disrupted. They question their trust in themselves, in others and in the world at large. Although it may be natural for many to bury these frightening emotions, bringing core insecurities to a conscious level can actually reduce fear and the feeling of being out-of-control, which enables individuals to start tackling their situations constructively. In addition, the counsel of a seasoned bankruptcy attorney at Terry D. Fisher in Durham, North Carolina, can see a debtor through the tough times and guide him or her to a brighter financial future.
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