Bankruptcy Information Center

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• Bankruptcy - An Overview
• Consumer Bankruptcy
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• Credit Counseling Requirement in Bankruptcy
• Surviving the Emotional Effects of Bankruptcy
• Frequently Asked Questions about Bankruptcy
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Kodam & Associates, P.C., is a professional law firm with a successful practice handling bankruptcy filings. We handle Chapter 7 and Chapter 13 bankruptcy filings for people throughout California, concentrating on the regions of the Inland Empire, Temscal Valley, and the Southwest Riverside Area. Our clients come from communities like Murrieta, Temecula, Hemet, Sun City, Fallbrook, Riverside, Lake Elsinore, Menifee, Wildomar, Corona, Perris, Red Hawk, Moreno Valley, Anza, Rainbow, Bonsall, Aguanga, Riverside County, San Bernardino County, San Diego County, Orange County and Los Angeles County.

Surviving the Emotional Effects of Bankruptcy

No matter what circumstances ultimately led to filing bankruptcy, both the practical and the emotional impact on the debtor will be enormous. Confronting the emotional and psychological issues surrounding bankruptcy and reaching an understanding and acceptance of the situation are essential to rebuilding and maintaining a successful financial life. The experienced bankruptcy attorneys at Kodam & Associates, P.C. in Murrieta, California, can guide a debtor through the complicated legal, financial and emotional maze of bankruptcy and steer him or her in the right direction for the future.

Filing bankruptcy can, without a doubt, stir up many negative emotions. The debtor's sense of self-worth is often closely tied to his or her financial circumstances. Loss of money can be experienced as a loss of identity, self-esteem and confidence. We live in a society in which image is seemingly bought through possessions. Money can be viewed as a powerful currency not only in a purely economic sense, but also in relationships and thus a real or perceived loss of interpersonal power can ensue when bankruptcy is filed.

Understanding these emotions can help disentangle the practical realities of money from the possibly destructive or limiting emotional response to bankruptcy.

At times of significant loss, people tend to feel that their entire foundation has been shaken and that their most fundamental sense of security has been disrupted. They question their trust in themselves, in others and in the world at large. Although it may be natural for many to bury these frightening emotions, bringing core insecurities to a conscious level can actually reduce fear and the feeling of being out-of-control, which enables individuals to start tackling their situations constructively. In addition, the counsel of a seasoned bankruptcy attorney at Kodam & Associates, P.C. in Murrieta, California, can see a debtor through the tough times and guide him or her to a brighter financial future.

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