Bankruptcy Attorneys You Can Trust - You're in Good Hands With Us (586) 868-0303

www.test.com
www.test.com
  • Home
  • FIRM OVERVIEW
    • OVERVIEW
    • MEET YOUR ATTORNEY
  • PRACTICE AREAS
    • BANKRUPTCY OVERVIEW
    • BANKRUPTCY BASICS
    • CHAPTER 7
    • CHAPTER 13
    • CREDIT COUNSELING
  • RESOURCES
    • EMOTIONAL EFFECTS OF BANK
    • DEBUNKING BANKRUPTCY MYTH
    • BANKRUPTCY TERMS
    • FAQS
    • RESOURCES
  • CONTACT US
    • CONTACT US
  • More
    • Home
    • FIRM OVERVIEW
      • OVERVIEW
      • MEET YOUR ATTORNEY
    • PRACTICE AREAS
      • BANKRUPTCY OVERVIEW
      • BANKRUPTCY BASICS
      • CHAPTER 7
      • CHAPTER 13
      • CREDIT COUNSELING
    • RESOURCES
      • EMOTIONAL EFFECTS OF BANK
      • DEBUNKING BANKRUPTCY MYTH
      • BANKRUPTCY TERMS
      • FAQS
      • RESOURCES
    • CONTACT US
      • CONTACT US
  • Home
  • FIRM OVERVIEW
    • OVERVIEW
    • MEET YOUR ATTORNEY
  • PRACTICE AREAS
    • BANKRUPTCY OVERVIEW
    • BANKRUPTCY BASICS
    • CHAPTER 7
    • CHAPTER 13
    • CREDIT COUNSELING
  • RESOURCES
    • EMOTIONAL EFFECTS OF BANK
    • DEBUNKING BANKRUPTCY MYTH
    • BANKRUPTCY TERMS
    • FAQS
    • RESOURCES
  • CONTACT US
    • CONTACT US

Compassionate Council You Can Trust

With Us, You're in Good Hands

The Emotional Effects of Bankruptcy

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 Great Lakes Bankruptcy Center, PLLC in Mount Clemens, Michigan, can guide a debtor through the complicated legal, financial and emotional maze of bankruptcy and steer them 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 Great Lakes Bankruptcy Center, PLLC in Mount Clemens, Michigan, can see a debtor through the tough times and guide him or her to a brighter financial future.

READY TO TAKE THAT FIRST STEP?

Schedule a no-obligation consultation today.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

44 1st Street, Mount Clemens, Michigan 48043, United States

(586) 868-0303

Copyright © 2022 Great Lakes Bankruptcy Center, PLLC - All Rights Reserved. 

The information on this website is for general information purposes only. The information contained within this site should be construed as legal advice for any individual case, or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.


We are a debt relief agency. We help people file for relief under the Bankruptcy Code.

  • Privacy Policy
  • Terms and Conditions
  • CONTACT US

Powered by GoDaddy

This website uses cookies.

We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.

Accept