A debtor considering bankruptcy must bear in mind that a bankruptcy stays on his or her credit report for up to 10 years, which can potentially make it difficult to get future credit. A debtor should also keep in mind that some debts must still be paid even if he or she files for bankruptcy. Accordingly, it is essential to contact an experienced bankruptcy attorney before making potentially life-altering financial decisions.
Learn More About Bankruptcy
If you are struggling with high debt, bankruptcy can be an effective means of getting that burden off your shoulders. At the Law Office of Mark A. Skelton, we help people get out of debt and stop harsh creditor actions by assisting them in filing for Chapter 7 and Chapter 13 bankruptcy relief. We serve clients from throughout the East Tennessee region. We offer excellent client service and personal, hands-on attention from a highly qualified bankruptcy attorney.
To learn more about bankruptcy, please review the information provided below or visit our bankruptcy practice area page.
To schedule your free initial consultation at our Rogersville, Tennessee, office with an experienced bankruptcy lawyer, contact us today online or by telephone at 888-899-5564. Allow us to discuss your circumstances and advise you of your available options for financial relief.
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Are you getting tired of creditor harassment? Are you being threatened with wage garnishment, foreclosure, repossession and other actions? Bankruptcy can put all of that to an end.
Filing for Chapter 7 or Chapter 13 bankruptcy can stop your creditors and allow you a fresh financial start. A knowledgeable bankruptcy attorney can help you achieve total debt relief.
Surviving the Emotional Effects of Bankruptcy
No matter what circumstances ultimately led to filing bankruptcy, both the practical and the emotional impacts 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 Mark Albert Skelton, Attorney at Law in Rogersville, Tennessee, 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 stir up negative emotions
Filing bankruptcy can, without a doubt, stir up many negative emotions. A debtor's sense of self-worth is often closely tied to his or her financial circumstances, particularly among business owners. 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, so money can be viewed as a powerful currency not only in a purely economic sense, but also in relationships. A real, or at least perceived, loss of interpersonal power can occur when bankruptcy is filed.
Understanding these emotions can help disentangle the practical realities of financial difficulties from the potentially negative or even destructive 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.
Speak to a bankruptcy lawyer
Objectively, bankruptcy might initially seem negative, but it has been the pathway to a fresh financial start for countless people and businesses over the years.
In addition, the counsel of a seasoned bankruptcy attorney at Mark Albert Skelton, Attorney at Law in Rogersville, Tennessee, can see a debtor through the tough times and guide him or her to a brighter financial future.
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