social stigma bankruptcy law offics loomis & greene windsor

We’ve been taking a hard look at the history of bankruptcy here on our blog page at The Law Offices of Loomis & Greene near Windsor. We’ve learned that since the beginning of debt, the inability to pay down your debt has been frowned upon by society, so much so that people have been executed throughout recorded history for doing so. Thankfully, attitudes have shifted since virtually all of us have at some point in our lives taken out debt to have the things that we want in this world.

The Law Offices of Loomis & Greene near Windsor care deeply about our clients. We work diligently to ensure they have the best possible outcome as their trusted and experienced bankruptcy attorney. We will explain all of your options and advise you the best we can. Once you partner with us for your bankruptcy, all of your worries will fall away, and you’ll begin to feel some relief from creditors.

Despite progress that has been made in people’s attitudes towards bankruptcy, there is still some social stigma that remains. In this blog post, we’ll go over some tips on how to handle possible negative attitudes about your bankruptcy. Contact us today for a free consultation!

TIPS TO OVERCOME NEGATIVE ATTITUDES ABOUT BANKRUPTCY

Social Stigma

Many people see someone who declares bankruptcy as someone who simply has a spending problem or is irresponsible with money. While some people are in deep debt because of spending habits, this is not something you should feel ashamed over. We are all on a journey in life, and we all have different lessons to learn and different ways we will learn them. Overspending and ending up in bankruptcy court is one lesson some will learn.

The stigmas of bankruptcy can be so great that many people don’t declare bankruptcy when declaring bankruptcy can be the best thing for them. This is why consulting for free with a top-notch bankruptcy attorney, such as The Law Offices of Loomis & Greene near Windsor, can be exactly what you need. We’re only one phone all away.

Emotional Stigma

Many people have high morals and values, including the fact that if you borrow something, you should give it back. This has been ingrained in us since we were little kids. This teaching translates over to those who have given you money. Guilt and embarrassment can set in when you are unable to pay your bills, so much so that you can become depressed over the situation. People allow this to affect their sense of character, which is not the case at all. The Law Offices of Loomis & Greene near Windsor urge you to seek out counseling if you find yourself in this situation.

Financial Stigma

Many people believe that declaring bankruptcy will ruin their credit and financials for life. Friends and relatives believe this as well and may try to make you believe bankruptcy is the end of the road. The Law Offices of Loomis & Greene near Windsor believes that bankruptcy believes the opposite and believes that bankruptcy opens up new roads for you to travel upon. However, the reality is that while a bankruptcy will stay on your credit report for seven years, you can access credit even immediately after your bankruptcy has been discharged. This is because by federal law, you are ineligible to file for bankruptcy again for eight years. Depending on if you put your home in your bankruptcy or not, it may only be a two year wait period before you can buy another home. By speaking to your bankruptcy attorney, he or she can go over the pros and cons with you of declaring bankruptcy to see if it makes sense in your case.

Where Does All of This Stigma Emanate From?

What is the first question (outside of your name) people ask you when you meet them. Inevitably, it’s “So, what do you do?,” referring to your career. In today’s society we have let what we do define us, which includes how much money we make, where we live, how big our house is, and what kinds of toys we have. Because your character is tied so much to how much money you make, when you don’t make a lot of money or when you can’t pay your bills because you have no money to do so, you can feel extremely bad, and society contributes to this.

Throughout history, there have been countless (and The Law Offices of Loomis & Greene near Windsor submits, needless) suicides because people have one day “lost it all” when in reality they have lost nothing. People who declare bankruptcy still have their family; they still have their head on their shoulders; they still have the miracle of life. Bankruptcy, with the right attitude, can be a new start to a beautiful life.

THE LAW OFFICES OF LOOMIS & GREENE NEAR WINDSOR OFFERS BANKRUPTCY LAWYERS

While bankruptcy was not part of your plan in life, we all have valleys we have to traverse in order to get to the mountains in our lives. The Law Offices of Loomis & Greene near Windsor, top-rated bankruptcy lawyers, suggests that you enter bankruptcy with the right attitude, and you will have a much easier time throughout the bankruptcy process. We offer compassionate and caring bankruptcy attorneys who will be your advocate throughout the entire divorce process, from the moment you call us for a free consultation to the moment you are discharged and beyond. We can answer all of your questions and help you determine which type of bankruptcy is right for you. If you are looking for experience bankruptcy lawyers, call us today.

The Law Offices of Loomis & Greene near Windsor also offers criminal law representation and divorce and family law matters. For over 30 years, we’ve also been helping landlords in disputes with their tenants, and we’ve pioneered our own DIY divorce solution for those who just need a helping hand without going through all the hoops of the legal system. We understand that life can throw you curveballs; call us when you catch one.