Life After Bankruptcy

Getting past your bankruptcy filing and through to its finalization is a rewarding experience.  Although a difficult thing to confront, once it is completed, your life can begin to improve.  Once your bankruptcy has been finalized, your debts will either be discharged if you filed Chapter 7 protection, or you will be on a repayment plan on your Chapter 13.  There will no longer be any harassing phone calls or pending lawsuits.  You will either be free of your debts or on a solid payment plan.  You can now begin to think about starting anew with a fresh financial outlook.

A bankruptcy filing will initially affect your credit record, so you can expect to have limited access to credit initially, at higher than normal interest rates.  But if you carefully establish a reasonable amount of credit and pay it off regularly, your credit history will slowly improve with time.  As part of your bankruptcy you are required to attend a financial management class.  It is wise to pay close attention and use the tools you learned to budget now that you have been able to eliminate your debts.  By always spending less than you make and keeping track of your expenditures, you should be able to keep your finances in good order.  Any new credit you do establish should be used as little as possible.

For advice and assistance following  your bankruptcy, consult with your San Antonio bankruptcy attorney for help with keeping your finances in order once  your bankruptcy is finalized.  With the experience and caring of the legal staff at the Malaise Law Firm, you can count on us to answer any of your financial questions.

Helping You to Succeed after a San Antonio Bankruptcy

To succeed financially after a bankruptcy requires hard work and taking responsibility for your income and expenses.  One of the most important aspects to financial freedom is a steady source of income.  Locate and keep a good job, or if you are an entrepreneur, create a business that will provide you with more than enough income for your expenses.  Use  your credit as little as possible, if at all.  If you use it only for the purpose of establishing credit, and repay it every month, you will soon be on your way to being able to responsibly handle your finances.  If you wish to purchase something, earn it before you buy it.  Establish a budget to track where your money is going.  It makes it easier to cut back expenses when necessary if you can see where you money is going.  Lastly, establish a savings account to have an emergency fund in case you have an unexpected expense.

Our office is happy to assist you in any budget planning and advice in establishing a firm financial footing.  Our legal staff is dedicated to ensuring our clients are satisfied with the legal help they have gotten from us.  Contact us for help with life after bankruptcy.