Mounting bills can put stress on any family's budget, but when there isn't enough income coming in to pay off those debts, late bill payments are inevitable. If you find yourself facing insurmountable debt and bankruptcy appears to be your only option, contactan experienced bankruptcy attorney to discuss your options.
At the law office of William F. Davis & Associates, P.C., our lawyers have been assisting business owners and consumers throughout New Mexico solve their debt challenges and get back on the path to financial success since 1984.
Act immediately to protect your assets if you are under the threat of repossession or suffering extreme creditor harassment. Learn more about how we can assist you in filing for:
Read more general legal information about bankruptcy below.
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Experienced Legal Guidance
Bankruptcy Attorney William F. Davis has owned a number of businesses and has extensive understanding of financial issues from a personal and professional standpoint. He is also one of only a few certified legal specialists the area of bankruptcy law in New Mexico. Contact us for a free initial consultation.
Call for Your Free Initial Consultation Today: 505-243-6129 or 800-675-6129
If you are uncertain how to save your business or save your home, our experienced lawyers can help you get immediate relief and develop a realistic, workable plan to restructure your business or to discharge your debts, with the goal of getting you back on solid financial footing.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Surviving the Emotional Effects of Bankruptcy
No matter what circumstances ultimately led to filing bankruptcy, both the practical and the emotional impacts 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. An experienced bankruptcy attorney at William F. Davis & Assoc., P.C. in Albuquerque, New Mexico, 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 stir up negative emotions
Filing bankruptcy can, without a doubt, stir up many negative emotions. A debtor's sense of self-worth is often closely tied to his or her financial circumstances, particularly among business owners. 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, so money can be viewed as a powerful currency not only in a purely economic sense, but also in relationships. A real, or at least perceived, loss of interpersonal power can occur when bankruptcy is filed.
Understanding these emotions can help disentangle the practical realities of financial difficulties from the potentially negative or even destructive 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.
Speak to a bankruptcy lawyer
Objectively, bankruptcy might initially seem negative, but it has been the pathway to a fresh financial start for countless people and businesses over the years.
In addition, the counsel of a seasoned bankruptcy attorney at William F. Davis & Assoc., P.C. in Albuquerque, New Mexico, can see a debtor through the tough times and guide him or her to a brighter financial future.
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