A debtor considering bankruptcy must bear in mind that a bankruptcy stays on his or her credit report for up to 10 years, making it difficult to get future credit such as mortgages and that any credit extended will probably cost more in terms of interest rates and fees. A debtor should also keep in mind that some debts must still be paid. Accordingly, it is essential to seek the advice of an experienced bankruptcy attorney before making potentially life-altering financial decisions.
Debt, whether from credit cards, medical expenses, mortgages, car loans or other sources, can mount quickly, and you may find yourself unable to keep up. At the Phoenix law office of Joseph C. McDaniel, P.C., our attorney has more than 30 years of bankruptcy law experience, and is one of fewer than 30 lawyers in the state designated as a Certified Specialist in Bankruptcy Law. If you are struggling with overwhelming debt, we can help you understand your bankruptcy options and get the debt relief you need.
We encourage you to learn more about our Arizona bankruptcy law practice. Our firm is dedicated to combining high-quality legal representation with the personal attention and service. Call 602-297-3025 or contact us online to schedule an appointment with an experienced Arizona bankruptcy lawyer. Your initial consultation is free.
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When you are facing overwhelming debt, turn to the experience and skill of Joseph C. McDaniel, P.C. Call 602-297-3025 or contact our Arizona office to schedule an appointment with an experienced lawyer.
Bankruptcy is your legal right to debt relief. Call 602-297-3025 or contact us online to schedule an appointment and find out how we can help you get a fresh start.
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 Joseph C. McDaniel, P.C. in Phoenix, Arizona, 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 Joseph C. McDaniel, P.C. in Phoenix, Arizona, can see a debtor through the tough times and guide him or her to a brighter financial future.
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