The Emotional Element in Bankruptcy in Indiana

July 19, 2012 10:08 am Published by

The last of this week’s series, today’s Bankruptcy in Indiana article will be devoted to the third element of filing bankruptcy in Indiana.  As any good bankruptcy attorney in Indiana knows, each and every person who seeks help filing either personal bankruptcy in Indiana or Indiana small business bankruptcy needs to deal in all three elements – the legal, the financial, and the emotional that are part of the process.

While the first emotions that may come to people’s minds in connection with filing bankruptcy in Indiana may be “shame”, “guilt”, and “fear”. 

But, believe me, with 25 years and more serving as a debt consolidation lawyer and Indiana lawyer for bankruptcy, I can tell you the biggest emotion I see in clients is not any of those.

Once they’ve taken that big step and gotten started on a plan of action, the big emotion is “relief”.

Even though millions of Americans have filed bankruptcy, there’s a myth floating around that bankruptcy is for deadbeats. Together with my colleagues in the five Zuckerberg bankruptcy law offices, we’re seeing hundreds of different people in our offices each month, and we can certainly attest to how big a myth that is.  In truth, many people had been responsibly handling their money for many, many years, when a layoff, an extended illness, or a divorce wrecked all their carefully laid plans.  Now, with creditors making their lives miserable, they allow negative self-talk and blame to make their own lives even worse.

As one of our Columbus bankruptcy lawyers was saying the other day, the media have not helped.  Although the fears people have that “Everybody will know I’m in money trouble” are almost always unfounded, the fact that debt, foreclosures, unemployment, and bankruptcy have become routine subjects in the newspapers, magazines, and TV and radio reports seems to amplify the uncertainty and the negative emotions.

One of the reasons I decided to start this Bankruptcy in Indiana article series in the first place is to get across some of my ideas about how important I know it is to just listen to people without judging.  When you need to talk about your business, or your family, or your health problems, or you job worries, I need to simply “be there”.

Ironically, my profession in the field of Indiana bankruptcy law sometimes means I help people get their financial affairs on track without bankruptcy. It may mean a budgeting plan, or negotiating with creditors, helping them secure a mortgage modification, consolidate debt, downsize to a smaller home, or some combination of all these strategies.

Could clients accomplish these things without legal help?  In many instances, yes.  But before they can accomplish change, they have to replace the fear, the self-blame, and the despair with hope.  Armed with hope and information, my Indiana bankruptcy clients can make that fresh financial start that is really what my law practice is all about.


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This post was written by Mark Zuckerberg

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