Life After Bankruptcy

Legal Help from Our Raleigh Bankruptcy Lawyer

After you file for bankruptcy, life goes on. There is a common misconception that filing for bankruptcy can ruin your future and your opportunities because you will never be able to rebuild your credit, because you will lose all your assets and property and because you will forever carry the label of a lazy or dishonest person who filed for bankruptcy. Nothing could be further from the truth!

Although it may be difficult to regain a high credit score immediately after filing for bankruptcy, with some hard work and by being responsible with your finances you can rebuild your credit score and buy a house or buy a car. You always have options. You do not have to lose all of your assets. You are not a bad person because you are turning to bankruptcy to handle your financial situation.

Bankruptcy procedure exists for debtors just like you to get a fresh start. There is nothing wrong with taking advantage of this and reorganizing or discharging your debt in order to get a second chance. A bankruptcy attorney in Raleigh can meet with you and discuss your options in this regard. It may be necessary to get a secured credit card or to co-sign with a friend or family member.

What to do after Bankruptcy

There are some specific actions that are very helpful in rebuilding your life and credit following bankruptcy:

• Find a job if you don’t have one, and work to maintain your job if you already have one.
• Pay your bills on time.
• If you get another credit card, be sure to pay it on time every month and pay more than the minimum balance due.
• Do not take on any debt on a credit card that you cannot pay off.
• Be sure to open and maintain a checking and/or savings account, and work to keep your bank balance as high as possible.
• Work to rebuild you