Can filing bankruptcy help manage financial anxiety?

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bankruptcy financial anxiety

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Financial anxiety may come with many symptoms.

Financial anxiety is a condition where you constantly worry and feel anxious about money. Some of the primary symptoms of financial stress or anxiety are loss of appetite (which affects your health), feeling angry (which makes you less patient with everybody around you), sudden changes in your mood, and isolating yourself back from other people. If these symptoms are not addressed properly, they may hurt your health and the quality of your life.

Considering filing bankruptcy may be a viable solution for your problem.

Bankruptcy may provide immediate relief

Many individuals and business owners would think multiple times before declaring bankruptcy in order to resolve their debts. They may judge themselves for making this big step, but what if bankruptcy is the best solution for you and your loved ones?

When everything is in chaos, bankruptcy may provide immediate relief. It can resolve many – if not all – of your debts and can give you a new start in life.

Being able to file bankruptcy means that we can always start over again. Filing bankruptcy and detaching yourself from all your debts can let you start a new life.

When the debt is manageable, you can focus on rebuilding your life.

Life after debt has been compared to the light at the end of the tunnel by some individuals and business owners who went through difficult times and were able to get back on track financially.

You are finally able to manage your debt and now you may focus on starting a new life and a new professional journey. You can control your debt and focus on what matters most in your life. You can start setting up new financial goals and getting back on your feet again.

Freedom Law Firm is here to help.

Bankruptcy is often the last but necessary resort. It is a delicate and complex proceeding, and you want someone with plenty of experience to consult you and guide you through the process and help you determine the scope of the discharge.

In many cases, unless a party in interest files a complaint objecting to the discharge, the bankruptcy court may issue a discharge order relatively early in the case – generally, 60 to 90 days after the date first set for the meeting of creditors.

If you would like to find out whether bankruptcy is the right option for you, please request a call-back by submitting a short online form. All initial consultations are free and confidential.  

About the Author
George Haines

In the late 2000s, Southern Nevada was hit especially hard by the last Great Recession. The real estate market crashed, unemployment rates soared, there were a record number of bankruptcy filings and wages were stagnate. But, we made it through it and we learned how to survive in these types of downturns. Are we going to see something similar to the Great Recession in the coming months or years due to the Covid Pandemic?…… it’s tough to say, but if we do, we’ll get through it. In order to save homes, vehicles, feed families and pay living expenses, many may need to consider bankruptcy or other loss mitigation options. However, just like we did after the Great Recession, we will rebound and grow stronger.

George Haines

Owner and Managing Attorney

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