Tackling Debt Challenges Can Lead to Improved Health

Serious debt problems don’t just harm one’s financial status. More than 70 percent of Americans experience stress over money issues according to the American Psychological Association, and if you’re facing harassing calls from creditors, the pressure can seem relentless. Fortunately, bankruptcy offers a legal and lasting solution to many people struggling with burdensome debt.

There are numerous potential physical and mental symptoms that might be linked to financial challenges, such as anxiety, depression, unhealthy eating, sleep loss and substance abuse. Tension over money frequently spills into personal relationships, possibly triggering coping mechanisms that make a difficult situation worse. Tragically, some people who cannot see a way out of their financial hole wind up harming themselves. 

Once you file for bankruptcy, the court will impose an automatic stay, which can be enormously beneficial to your day-to-day well-being. This order means that collection activities must stop immediately, including phone calls from creditors and service cutoffs. The breathing room that comes with the automatic stay gives you the chance to focus on your health and family instead of worrying about the next call, mail delivery or knock at the door.

Bankruptcy is a complex legal process, and a qualified attorney can help you find the specific path that best suits your circumstances. A Chapter 7 debt discharge could be what you need to make a fresh financial start. On the other hand, you might opt for a Chapter 13 repayment plan, particularly if you are earning a steady income and wish to maintain ownership of your home. Though bankruptcy is probably new to you, an experienced lawyer can guide you through each step and tell you what to expect going forward. Removing the unpredictability of bankruptcy should greatly relieve your stress. 

Consulting an attorney can help you understand your options, ease immediate concerns and build a plan to restore financial stability. Nothing is more important than your health, and a sound strategy to tackle your debt could be what you need to feel better. 

Jeff Field & Associates provides comprehensive, empathetic counsel to Georgia residents on all types of bankruptcy matters. Please call 404-381-1278 or contact us online to schedule a consultation. Our offices are in Douglasville, Gainesville, Bogart, Lawrenceville, Marietta and Decatur.