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Financial worries can make you fat

By Cathy Moran

I wrote earlier that stress is a real and serious threat to physical health that needs to be factored in to the discussion about bankruptcy and the alternatives. Recent studies suggest that stress may also lead to obesity.

Individuals in debt tend to see their debts as a financial problem, when those debts are also a threat to physical, psychological, and social well being. An entire part of the debt puzzle is lost if you don’t factor in the consequences of unremitting stress on the body and the family.

For that reason alone, I don’t find that debt settlement programs are a real solution for most consumers. Even if the program is structured so that it actually works ( and most are not), the continuation of a substantial financial commitment to old debt is debilitating.

So, better health joins the need to save for retirement in my pantheon of reasons why bankruptcy so often is the better choice.

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Filed Under: Considering Bankruptcy

About Cathy Moran

I'm a veteran bankruptcy lawyer and consumer advocate in California's Silicon Valley. I write, teach, and speak in the hopes of expanding understanding of how bankruptcy can make life better in a family's future.

Bankruptcy Basics

About The Soapbox

You’ve arrived at the Bankruptcy Soapbox, a resource of bankruptcy information and consumer law.

Soapbox is a companion site to Bankruptcy in Brief, where I try to be largely explanatory and even handed (Note I said “try”).

Here, I allow myself to tell stories and express strong opinions. We dig deeper into how to consider bankruptcy and navigate a bankruptcy case.

Moran Law Group
Bankruptcy specialists for individuals and small businesses in the San Francisco Bay Area

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Those considering filing a Chapter 13 bankruptcy worry about "what happens to my bank account?" Will the trustee take all the money? How do I pay my living expenses after I file? The short answer is: nothing changes. The account remains yours and available for all the expenses of day to day living. Because, … Read more

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