Jump to Navigation
Have You Been Injured Personally or Financially?

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.

Learn More About Bankruptcy Protection

For people who are struggling with overwhelming debt, bankruptcy is often the best way to achieve a fresh financial start. Batesky Law Office, provides experienced representation and hands-on personal service to clients seeking debt relief through Chapter 7 or Chapter 13 bankruptcy. We serve clients from Indianapolis, Indiana, and throughout surrounding counties. If you are facing creditor harassment, home foreclosure, wage garnishment and other creditor actions, we are here to stand up for your rights.

To schedule a free initial consultation with an experienced bankruptcy lawyer, please contact us online or call our office toll-free at 866-577-7402.

Thank you for contacting Batesky Law Office. Your message has been sent.

Call us now

or use the form below.

Are you facing home foreclosure or other creditor actions? A knowledgeable bankruptcy attorney can help you achieve total freedom from debt.

If you need help filing for Chapter 7 or Chapter 13 bankruptcy, we are here for you. We understand the hardships you are facing and will put our skill and experience to work for you.

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 Batesky Law Office in Indianapolis, Indiana, 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 Batesky Law Office in Indianapolis, Indiana, 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

Our Location

Batesky Law Office
22 East Washington Street
Suite 610
Indianapolis, IN 46204
Phone: 317-644-1215
Toll Free: 866-577-7402
Fax: 317-638-2524
Map and Directions