A personal bankruptcy has many benefits, but most people focus on two. One of these is that you will be relieved of your personal debts. The other is that your creditors won’t be able to harass you. These are both important, but you shouldn’t let them cloud your judgment. We want you to think carefully about how the bankruptcy filing might change your finances now and how it might impact them in the future.
There is a time of credit rebuilding after a bankruptcy. This isn’t always easy. In fact, many people really struggle with this. When you file for bankruptcy, you will be forced to live only on your income. Your days of being able to make things stretch with credit are over.
As time progresses, you might find that living only on your income is easier than you thought. The changes you learn during the education portion of the bankruptcy might seem silly at first, but they will soon become habits that really improve your life.
We realize that this all seems like a lot to take in. What you need to remember right now is that this is an important tool for people who are struggling with uncontrollable debts. By filing bankruptcy sooner rather than later, you are telling your creditors that you don’t have an unrealistic expectation of what your money can do.
You probably have some questions that you want us to answer so you have all the information you need. We are here to provide those and then to get your case moving forward so you can enjoy the benefits that a fresh financial start can provide.