Do you feel like you have a big “B” sewn to your shirt now that you have filed for personal Bankruptcy? First things first, get rid of the guilt. In 2010, there were over 1.5 million filings for bankruptcy. Even more? 1 out of every 8 adults in the United States has considered it. So, in the words of the late Michael Jackson, you are not alone.
Next, wipe the tears and get a clear vision for the future. It’s time to start planning ahead for life after bankruptcy. The thought of having to file for bankruptcy again probably makes you cringe, so make sure it doesn’t happen! Not to mention the fact that if you hit financial bottom again too soon, you legally can’t file for bankruptcy again. Long story short, you need to get educated about all things finance: credit cards, cash flow, credit repair and budgets.
Here are some tips:
- Make a credit score goal and build your way up to it.
- Pay off all of your bills on time every month.
- Set up automatic payments.
- Make sure enough money is in your account to cover the payments you set up!
- Create an emergency fund so you have money for bills even if the unexpected occurs.
- Talk to a consumer bankruptcy law firm. If you worked with an attorney to file your bankruptcy talk to that attorney about how to now rebuild your credit and finances. Otherwise click here to search for experienced consumer bankruptcy attorneys.