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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.

Experienced Chapter 7 and Chapter 13 Attorneys

Serving Clients Throughout the Central Ohio Region Including Columbus and All Surrounding Suburbs and Counties

Has your personal or business debt become unmanageable? Do you have questions regarding your rights and responsibilities regarding Chapter 7 and Chapter 13 bankruptcy?

At the Reynoldsburg and Hilliard, Ohio, offices of the bankruptcy law firm of Nobile & Thompson CO., L.P.A., we have practiced Ohio bankruptcy law for a combined 40 years. For experienced legal help from a lawyer team that has helped thousands of Ohio families and firms, call 866-488-3044 or 614.503.4497.

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Are you considering filing for bankruptcy? Contact an attorney team with comprehensive, dual experience; we have worked both for creditors and for people like you — individuals facing overwhelming debt and possible repossession and foreclosure. Call Nobile & Thompson CO., L.P.A., at 866-488-3044 or 614.503.4497.

For experienced bankruptcy legal help, contact a lawyer team that teaches other attorneys about bankruptcy law through frequent bar association educational seminars. Call Nobile & Thompson CO., L.P.A., at 866-488-3044 or 614.503.4497.

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 Nobile & Thompson CO., L.P.A. in Hilliard, Ohio, 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 Nobile & Thompson CO., L.P.A. in Hilliard, Ohio, can see a debtor through the tough times and guide him or her to a brighter financial future.

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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.

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James E. Nobile and Matthew J. Thompson are former Creditor Bankruptcy attorneys who would rather represent the consumers than the creditors, so they changed sides! View our Video Bankruptcy at a Glance Have a Question for Us?

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