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Bankruptcy: Potential health concerns of dealing with debt

| Oct 4, 2017 | Chapter 7 Bankruptcy

Many individuals in Oregon and across the country have experienced periods of financial struggle at some point in their lives. While the stress of monetary hardships can be challenging enough on its own, studies suggest that constantly dealing with heavy debt loads could also be harmful to one’s health. Those who place a great deal of importance on their well-being may wish to avoid any potentially devastating consequences by exploring the options for debt relief, such as bankruptcy.

Debt can come in numerous forms, each of which can place a person under a substantial amount of stress. According to studies, those who experience prolonged periods of stress could develop deeper mental issues, such as anxiety and depression. Furthermore, stress may also have an impact on one’s immune system, potentially inhibiting his or her ability to combat illnesses or infections.

While the emotional strain can be troublesome enough, studies also suggest that similar concerns can affect a person physically. The loss of sleep that may accompany financial burdens can take a toll on a person’s body. Prolonged periods of stress can cause an increase in one’s blood pressure, which in turn can create various other health problems.

Individuals who are dealing with the burdens of debt may wish to avoid unnecessary suffering, but they might be uncertain where to turn for help. When facing similar circumstances, one could consider speaking with a bankruptcy attorney for advice on the available options for debt relief. An attorney in Oregon can address a client’s concerns and needs and assist in pursuing the most favorable outcome possible concerning his or her financial future.

Source: cheatsheet.com, “The Horrifying Ways Debt Is Destroying Your Health“, Chelena Goldman, Oct. 2, 2017

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The Law Office of Kim Covington is a debt relief agency, and I have helped families, individuals and small businesses, file for bankruptcy relief under the U.S. Bankruptcy Code, for over 19 years.