Bipolar and bankruptcy

MercMan

I suffer from depression / anxiety and I spend if I feel really down, which makes it worse when the bills come in. Word of advice don't go near Ebay when in a spending frenzy. I've blown loads of dosh on there. I get a buzz from wiaitng to get the items in the post etc. I feel likes its Xmas Day with lots of pressies. Except of course they aren't just me in more debt!

fatou256

dvs wrote: »

Bi-Polar disorder is also known as manic depression. With this disorder, people can suffer periods of highs (mania) and periods of lows (depression) as well as periods of 'normality'.

Research has shown then sufferers can have uncontrolled spending when in a mania phase. Uncontrolled spending often includes buying things they don't want or need. In a depression phase (and in people who suffer depression only) may have spending problems (usually in an attempt to cheer themselves up). I say may because it depends on their level of depression - many sufferers can barely get up and wash when moderate or severe depression occurs.

Certainly debt can cause depression though (and indeed stress too).

this is a bit similar with some of BPD symptoms .

Radiantsoul

pingu2209 wrote: »

There was a piece in the news about 2 months ago about there being a link between depression and debt. They think that debt can cause depression rather than depression encouraging spending.

That seems quite logical.

From my experience of working in the insolvency sector many people that are bankrupt or severly indebted seemed to have stress and depression as well as martial breakup.

Quite often illness and divorce seem to cause financial issues though.

ktindebt

Hi, 
I need some advice please? Been battling with extreme highs and lows for 5 years now and during one of my extreme high episodes I went into uncontrollably crazy spending which few years later ended up in bankruptcy. I was discharged but been going through extreme low and not been healthy enough to handle any of the bankruptcy especially as it’s mainly a blur and for the life of me I do not even know how it escalated to this point. 

I have not been properly diagnosed but have had few other health issues too. 

I have a property which is joint owned with an estranged husband. 

Where do I seek for help? Can anything be done to save assets? Reverse process?