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Law Offices of H. Frank Cahill
880 N. Street, Suite 203
Anchorage, AK 99501
Phone: 907-222-4905
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Surviving the Emotional Effects of Bankruptcy

Bankruptcy — just the sound of it evokes strong feelings in most people. Although filing for bankruptcy is rarely anyone's first choice when trying to cope with overwhelming debt, the decision to file for bankruptcy can be the right one when made with full awareness of all its consequences. Contact an experienced bankruptcy lawyer to discuss your options.

What You Need to Know about Bankruptcy

Provided by the Law Offices of H. Frank Cahill, in Anchorage, Alaska

If you are considering seeking personal bankruptcy protection, you may be uncertain of your rights, particularly in light of the revisions Congress made to the bankruptcy laws in 2005. The information on this page, is designed to answer your basic questions. For experienced representation in bankruptcy matters, contact the Law Offices of H. Frank Cahill or call our office at 907-222-4905 to set up an appointment.

To learn more about our bankruptcy practice, visit our Chapter 7 bankruptcy page or our Chapter 13 bankruptcy page.

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Contact an experienced personal bankruptcy lawyer! At the Law Offices of H. Frank Cahill, in Anchorage, we have handled consumer bankruptcy filings since 1995. We have a comprehensive understanding of the law and process, including the recent revisions to the bankruptcy laws, and will help you take the steps necessary to use a Chapter 7 or Chapter 13 filing to get a fresh start.

Protecting your personal bankruptcy rights since 1995. At the office of attorney H. Frank Cahill, in Anchorage, we handle all matters related to Chapter 7 or Chapter 13 bankruptcy filings, preparing all the required documents and acting as your advocate in meetings with creditors, the bankruptcy trustee or the court. Contact our office to schedule an appointment.

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 Law Offices of H. Frank Cahill in Anchorage, Alaska, 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 Law Offices of H. Frank Cahill in Anchorage, Alaska, can see a debtor through the tough times and guide him or her to a brighter financial future.

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DISCLAIMER: This site and any information contained herein are intended for informational purposes only and should not be construed as legal advice. Seek competent legal counsel for advice on any legal matter.

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At the Law Offices of H. Frank Cahill, in Anchorage, we represent clients throughout Alaska, including, Wasilla, Dillingham, Palmer, Valley, Kenai, Fairbanks, Kodiak, Seward, Soldotna, Homer, Juneau, Wrangell, Petersburg, Bethel, Nome and Sitka; in Fairbanks-Northstar Borough, North Slope Borough, Northwest Arctic Borough and Bristol Bay Borough; and across the Kenai Peninsula. 

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.