Surviving the Emotional Effects of Bankruptcy
Mounting bills can put stress on any family's budget, but when there isn't enough income coming in to pay off those debts, late bill payments are inevitable. If you find yourself facing insurmountable debt and bankruptcy appears to be your only option, contact an experienced bankruptcy attorney to discuss your options.
20 Years of Indiana Bankruptcy Experience
Working with Indiana clients for more than two decades, our attorney, Portia Douglas, provides clear guidance, dependable counsel and effective representation for families considering the benefits and options afforded under bankruptcy. Bankruptcy is all we do. Portia Douglas uses her Notre Dame Law School education to represent you. She does not delegate the decisions in your case to non-lawyers/ paralegals.
Our lawyer will help you evaluate your current situation, and consider how a Chapter 7 or Chapter 13 filing might help lay the foundation for a better financial tomorrow. We review your financial health, talk about what kinds of debt you can restructure or discharge and take the necessary steps to help you protect your most valuable assets and investments, such as your home, your car and your retirement.
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With a focus on counseling and educating clients, we work for and with you to take back control of your finances. If you are burdened by medical bills, credit card debt, an unwieldy home mortgage or constant creditor harassment, call us today at 317-204-2292.
Contact the Indianapolis office of Portia Douglas for bankruptcy representation that you can rely on. We emphasize personal service and the value of building a plan to maximize the benefits of your bankruptcy filing.
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. The experienced bankruptcy attorneys at The Bankruptcy Legal Services of Portia Douglas in Indianapolis, Indiana, 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 The Bankruptcy Legal Services of Portia Douglas in Indianapolis, Indiana, can see a debtor through the tough times and guide him or her to a brighter financial future.
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