Law Offices Of John C. Hanrahan, LLC
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June 2019 Archives

How will filing for bankruptcy affect my mental health?

Overwhelming debt and mental health issues are strongly linked. Financial difficulties can contribute to increased stress as well as anxiety disorders and depression. However, causation can also run the other way: Those with mental health issues may be more likely to make impulse purchases or bury their head in the sand rather than address financial issues directly. Often, debtors find themselves in a vicious cycle, and as debts worsen, depression and anxiety may become more severe.

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