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Surviving the Emotional Effects of Bankruptcy

Bankruptcy — just the sound of it evokes strong feelings in most people. Although filing for bankruptcy is rarely anyone's first choice when trying to cope with overwhelming debt, the decision to file for bankruptcy can be the right one when made with full awareness of all its consequences. Contact an experienced bankruptcy lawyer to discuss your options.

If you feel overwhelmed by mounting medical bills or credit card debt, the Huntsville office of Jack B. Sabatini, Attorney at Law is here for you.

Mr. Sabatini has helped North Alabama clients with their financial recoveries for more than 30 years. His comprehensive knowledge of Chapter 7 and Chapter 13 consumer bankruptcy can help you pursue the "fresh start" you need.

Contact us today. We are located across the street from the Madison County Courthouse in Huntsville. Call us toll free at 888-493-8073. We assist individuals throughout North Alabama, including Huntsville, Madison and Scottsboro.

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

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Experienced bankruptcy lawyer Jack B. Sabatini can dispel the many myths about bankruptcy and guide you in making decisions about your family's financial future, including showing you how to avoid foreclosure and stop creditor harassment.

Are you confused about the role of child support obligations in your bankruptcy filing? Contact the full-service consumer bankruptcy law office of Jack B. Sabatini. We can answer your bankruptcy-related questions and offer advice to help you get back on track.

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. An experienced bankruptcy attorney at Jack B. Sabatini in Huntsville, Alabama, 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 Jack B. Sabatini in Huntsville, Alabama, can see a debtor through the tough times and guide him or her to a brighter financial future.

Copyright © 2012 FindLaw, a Thomson Reuters 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.

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Chapter 7

Chapter 7 bankruptcy is designed to give the debtor a "fresh start." Chapter 7 can be used to discharge or eliminate certain kinds of debts... Learn More >

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Chapter 13 allows individuals to reorganize their debts over three to five years. Chapter 13 protects you from creditor harassment... Learn More >