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Justin M. Myers, Attorney-at-Law, LLC


Monday, January 27, 2014

Shopaholics and Bankruptcy

There are passions that are productive, and passions that can be worrisome. Few things, however, can make anyone more concerned than a manic impulse to buy things, regardless of financial condition.
One thing that can shake an individual out of his denial is an enormous financial debt. It is very common for persons with a spending compulsion to “max out” several credit cards until they owe more than they can afford to pay. When creditors start banging on their doors to demand payment, persons with spending problems should realize it is time to seek help for their condition.
Mental health professionals have developed specialized therapy methods to help treat spending addicts. These professionals also encourage family and friends to do their share by looking after an afflicted person’s finances.
Unfortunately, the extent of spending addicts’ financial woes may have gotten to the point where it can also burden those close to them. Someone in Salt Lake City, Utah who find themselves or a person close to them in this kind of situation can greatly benefit from the help of a seasoned bankruptcy attorney.

The stress of having to deal with creditors can only add to a spending addict’s emotional woes, which in turn can hamper their progress to recovery. A competent bankruptcy attorney can help afflicted individuals look at their options for bankruptcy filing. Bankruptcy lawyers allow spending addicts sufficient breathing room while they sort their way out of their psychological and financial dilemmas.

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