Life After Bankruptcy

Bankruptcy can bring your relief from creditors

Life After Bankruptcy

Contacting the bankruptcy attorneys at Brock & Stout is a good beginning on your road to financial recovery. There is life after bankruptcy and it can be a good one! If you have recently filed for Chapter 7 bankruptcy or Chapter 13 bankruptcy, rebuilding your finances, including your credit rating, can seem overwhelming. The great advantage of life after bankruptcy is that you no longer have to devote a large amount of your income to repay your debts. You can relax because you will no longer receive harassing phone calls from creditors. Life after bankruptcy can be rewarding for those individuals who strategize properly and commit themselves to taking advantage of the second chance bankruptcy can offer.

After a bankruptcy, you must become vigilant about your finances. Creating a budget and prioritizing your expenses becomes paramount and is the first step you should take. Your budget will help you manage cash flow and prevent you from reacquiring unnecessary debt. Your budget should also include a savings plan that will help you secure your financial future. Paying your current bills on time must also be a top priority. Repaying your existing bills as agreed will be one of the most influential things you can do to restore your credit and your finances.

It is essential to separate bankruptcy facts from fiction. It is true that bankruptcy will remain on your credit report for up to 10 years; however, it is NOT true that it will take 10 years to establish a positive credit rating. You may believe that getting a credit card after filing bankruptcy will be impossible. Most bankruptcy clients receive credit card offers immediately following their discharge.

It is also a myth that you will not be able to get a vehicle or home financed after filing bankruptcy. In fact, there are many companies and lenders willing to approve mortgage loans or finance a vehicle after bankruptcy. After your bankruptcy is discharged, you are a lower risk to creditors because you cannot file bankruptcy again immediately. You become more appealing to a prospective lender because you no longer have any debt. With no debt, you are in a more secure position to repay any new debt you obtain.

You can have faith that a stable and secure financial situation after bankruptcy is obtainable! Do not allow your fear of not having credit in the years ahead to prevent you from taking a step in the right direction. You and your family can have the peace that you deserve. Bankruptcy can give you the fresh start that you need.
The bankruptcy attorneys of Brock & Stout are ready to help you. If you need to hire a bankruptcy lawyer in Alabama, contact us today. Your first consultation is always free.

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We are a debt relief agency. We have successfully helped thousands of people file for bankruptcy relief under the bankruptcy code.
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