Psychological & Emotional Effects of Filing for Bankruptcy in Landover, Maryland, MD

Information On Bankruptcy

At many bankruptcy law firms, you do not actually meet with a lawyer to discuss your circumstances. You merely turn over the relevant information to the lawyer's assistant, and your bankruptcy filing goes forward. At Gilman & Edwards, LLC, we focus on educating clients about their full range of options. When you come to us, you will sit down with an attorney for an in-depth and personalized consultation.

Surviving the Emotional Effects of Bankruptcy

Our experience in a number of closely related practice areas, including tax law, mortgage law, credit and debt counseling, and debt collection law, allows us to fully represent our clients by understanding the circumstances that lead to bankruptcy and identifying all of their options, including alternatives to filing for 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 Gilman & Edwards, LLC in Landover, Maryland, 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 Gilman & Edwards, LLC in Landover, Maryland, can see a debtor through the tough times and guide him or her to a brighter financial future.

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.

Return to Main

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