Filing for bankruptcy can be a long and difficult process from beginning to end. Chapter 7 bankruptcy is a powerful tool that can help you to regain control of your financial life. A successful Chapter 7 filing can put an end to aggressive collection efforts and can result in the permanent forgiveness of some of your debts even if only partial or no payment is submitted. When you have completed your bankruptcy, it is important that you make sound financial decisions going forward so that you can avoid falling again into a state of financial despair.
There are many companies that attempt to profit from people who have just completed bankruptcy. If you have been granted Chapter 7 status, there are many companies that will send you information about rebuilding your credit. The mail and phone calls can be overwhelming and are often an attempt to pressure you into acquiring new debt that will be exempt from bankruptcy for several years.
Helpful Post-Bankruptcy Tips
There are several things you can do to help successfully navigate the transition to post-bankruptcy life. Some helpful steps include:
- Making a realistic budget and adhering to it
- Seeking financial counseling
- Utilizing public education and advising programs geared toward people in your situation
- Ensure that you secure an income stream that will be able to support your situation
The Milwaukee bankruptcy attorneys at the DeLadurantey Law Office, LLC, can not only help you file for bankruptcy, but they can help you understand how to come out Chapter 7 on two feet. Contact us today at 414-377-0518.