You have probably never been around the situation where someone filed bankruptcy before. Of course, you are nervous and don’t know what to expect. It is probably like many things in life – not as bad as you might expect.
One thing you know for sure is that there are unpleasant parts to the situation. For example, for six to nine months, or even longer in some cases, you are expected to provide bankruptcy courts and lawyers with all of your financial documentation and meet obligations established by the court. You may constantly worried about whether or not your personal bankruptcy case will be approved and let’s not forget the fact that you may feel like your finances are under constant supervision. With this in mind, it’s no wonder individuals eagerly look forward to life after personal bankruptcy. However, it is important to note that life after bankruptcy does not automatically change everything or that there can’t be filled with as many unexpected circumstances.
Carolyn Secor will guide you and make the situation as painless as possible. The worst part would be not knowing what is going to happen.
While we know bankruptcy can be a powerful and life-changing tool, we also know that what transpires after a bankruptcy case has been concluded can be just as important. Consider the following:
Be Prepared for a Fresh Start
For many people, the thought of life after a personal bankruptcy comes with many fears and anxieties. These people believe that they may never be able to get a loan again, or that they will be judged by the community for filing for bankruptcy.
However, this is certainly the wrong way to approach life after personal bankruptcy. For starters, the debt discharged at the end of Chapter 7 or Chapter 13 case, as well as payments made toward debt in repayment plans, can provide a clean slate for you to must easily meet obligations and save money. Additionally, bankruptcy’s impact on your credit is not permanent, and with diligence and financial responsibility, many people who once filed for bankruptcy are able to obtain credit cards and loans. Your personal information regarding bankruptcy is available for public use, but it is unlikely anyone will spend the time to sift through court records to out you and your bankruptcy.
Ultimately, bankruptcy should be viewed as a positive endeavor that clears the path for future success. You don’t have to be considered about a lasting impact or how it may affect your reputation when you use it to build your finances to an even stronger level than they were before.
No More Creditor Harassment
Imagine what it will be like to pick up your phone without fear, or opening the mail without worrying about what demands you’ll face from debt collection harassment. For many people, this is a welcomed relief after personal bankruptcy. Creditors won’t be able to collect from you when the automatic stay is implemented after a filing, and when debts have been discharged at the conclusion of your case.
Life After Bankruptcy Should be Accepted, Not Feared
The best thing you can do when preparing for life after bankruptcy is to view the experience as a positive one that will help you as you move forward in life, practice smart financial sensibility, and build your financial well-being. Bankruptcy, after all, was created to help unfortunate debtors, not unfairly punish them. Embrace life and financial responsibility after bankruptcy, and you can achieve the bright future you dreamed of.
Carolyn Secor P.A. focuses its practice in the areas of Bankruptcy and Foreclosure Defense in Clearwater, Florida. For more information, go to our web site www.BankruptcyforTampa.com or call 727-334-0729.