Jump to Navigation

Surviving the Emotional Effects of Bankruptcy

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.

South Carolina Bankruptcy Services

If you are having trouble keeping up with your bills and may be facing foreclosure or repossession action, bankruptcy may be the right solution to get you back on the right path. At the North Charleston, South Carolina, based Steadman Law Firm, P.A., we work with clients throughout the Lowcountry to find the debt relief solution that meets their needs.

We can help you file for Chapter 7 and Chapter 13 bankruptcy or provide alternative solutions if bankruptcy is not right for you. We will take the time to help you understand all your options and give you all the information you need to choose the right solution. Contact our office today to schedule your initial consultation.

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

Thank you for contacting Steadman Law Firm, P.A. Your message has been sent.

Call us now

or use the form below.

Our founding attorney, Richard A. Steadman, Jr., has over 25 years of experience and prides himself on the personalized service he provides to every client. Contact us to learn more about how we can help you.

Stop creditor harassment and foreclosure activity now. Filing for bankruptcy creates an automatic stay against all collection activity, foreclosure and repossession actions. Contact our office today to discuss your case with a lawyer.

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 Steadman Law Firm, P.A. in North Charleston, South 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 Steadman Law Firm, P.A. in North Charleston, South Carolina, can see a debtor through the tough times and guide him or her to a brighter financial future.

Copyright ©2009 FindLaw, a Thomson Business

DISCLAIMER: This site and any information contained herein are intended for informational purposes only and should not be construed as legal advice. Seek competent legal counsel for advice on any legal matter.

Back to Main

Buried in debt? Call us for assistance with your debt issues.