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.
Imagine a fresh start, free of the financial problems that have brought you so much stress. That new beginning can become a reality by calling the Annapolis-based Law Office of Geri Lyons Chase. Our in-depth knowledge of bankruptcy not only lets us help Maryland residents file for Chapter 7 and Chapter 13 bankruptcy, it also allows us to educate them, dispelling common negative myths and misconceptions about the process. We also recognize the importance of area businesses knowing that a Chapter 11 filing can keep their struggling company in operation.
For more information about bankruptcy, read the information below, and then contact us.
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Attorney Geri Lyons Chase will partner with you throughout the bankruptcy process, helping you find a solution that gives you a fresh financial start while preserving your dignity. If you are considering bankruptcy you have probably endured far too much stress already. A filing will stop creditor harassment and get you on the road to financial recovery.
Your financial problems will not just disappear. Your credit rating will not miraculously recover if you ignore your debts. grow. You need help from an experienced bankruptcy lawyer if you are overwhelmed with financial problems. Protect your rights. Call us at 410-849-0095 or contact us online.
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 Law Office of Geri Lyons Chase in Annapolis, 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 Law Office of Geri Lyons Chase in Annapolis, Maryland, can see a debtor through the tough times and guide him or her to a brighter financial future.
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