Chapter 13 Bankruptcy Plano TX: Surviving The Emotional Toll Of Bankruptcy

Chapter 13 Bankruptcy Plano TXLiving with debt can be crippling.  Struggling to get out of debt, even with the help of Chapter 7 or Chapter 13 bankruptcy in Plano TX, can be just as crippling.  Though there are a few people don’t think twice about filing and consider personal bankruptcy an easy way out of debt and a quick way to start their financial lives with a clean slate, for most people there is an emotional component to a bankruptcy that can leave them feeling depressed and even ashamed.

The emotional turmoil begins well before bankruptcy.

For people in serious debt, who can’t pay their bills and sometimes can’t pay for everyday needs like rent, electricity and water, juggling the few dollars they have becomes a daily struggle that results in many embarrassing and sometimes heartbreaking decisions.  Buying food must take priority over new shoes or school clothes for children.  Making a mortgage payment comes before Christmas or birthday gifts.  Even before going through the process of filing for Chapter 7 or Chapter 13 bankruptcy in Plano TX, most people are already drained or on the verge of an emotional breakdown from choosing who to pay and what they must live without.

The focus should be on both the financial steps and the mental steps of declaring bankruptcy.

Both Chapter 7 and Chapter 13 bankruptcies require financial steps that take place over a long period of time.  And while the main focus for the person declaring bankruptcy should be on filling out the right paperwork, making sure court dates are kept and following through with everything necessary to complete the bankruptcy process, it’s never a good thing to deny that for people who want to pay what they owe, there aren’t some feelings of failure and shame.  It’s important to talk to understanding family or friends; but it’s also important to work with a bankruptcy attorney who’s been through the process many, many times.

A bankruptcy attorney can help in more ways than one.

How can a bankruptcy attorney help with the emotional turmoil that comes from having to declare Chapter 7 or Chapter 13 bankruptcy in Plano TX?  Because he’s been down the bankruptcy road many times with many different clients, he understands what people go through when they just don’t have enough money to pay their bills even though they want to.  And he understands the stigma that can be attached to the word, ‘bankruptcy.’  But he also knows that for many, many people, overwhelming debt is the result of medical bills, sudden unemployment or other factors that don’t add up to a person being a failure.  A good bankruptcy attorney can point to the number of clients who have survived the bankruptcy process and who have come out with a new lease on their financial lives.

To get the best help in North Texas with your Chapter 7 or Chapter 13 bankruptcy in Plano TX, call us at Collins & Arnove at (972) 516-4255.  Or visit us online at to learn more about filing for bankruptcy.

Collins & Arnove | CHAPTER 13 BANKRUPTCY PLANO TX | 972-516-4255