Life After Bankruptcy
A Bankruptcy Attorney Can Help You
After you file for bankruptcy, it is important that you take immediate steps to rebuild your credit and your life. Now that your debts have been discharged and you have a fresh start on your financial situation, it is important that you tackle some spending and saving habits that can prevent you from prospering in the long run. Looking for an attorney for your bankruptcy in Wayne County, MI? You need the best bankruptcy lawyer in Wayne County to ensure that your interests are fought for. At Bryant, Logan, Wheeler Law Group, PLC, we are dedicated to our client's future and wellbeing; we will work diligently to provide you with the best possible solution for your case that we can. Not only will our firm guide you throughout the entire bankruptcy process, but we will provide you with a strong foundation to get you started on the road to financial freedom after you file.
What You Can Do to Get Yourself Back on Track
Once your bankruptcy is completed and your debts discharged, you need to follow these simple steps to begin rebuilding your credit and creating healthy habits for your financial situation.
Begin to Rebuild Credit
Although it may seem terrifying, the best thing that you can do is to open a credit card. Yes! Open a card after you've filed for bankruptcy and learn the proper way of paying off the card when you make purchases. Use the card to buy simple things, like groceries, and pay the bill off as soon as possible. The sooner you pay back the debt, the less interest you will have, and the sooner you can begin rebuilding your credit score.
Budget, Budget, Budget
Know your income and your expenses. Learn how much each bill will cost you each month and learn how to live within your means. If holding off on that vacation means that you can pay back debt, you should. Making wise choices toward paying off your loans can make all the difference in the long run.
One of the best ways to know how much money you have and avoid overdrawing your bank account is to carry cash. When you use cash to make purchases, you're not tempted to pull out your debit or credit card.
Open an Account
Open a checking and savings account; this can begin to build a repertoire with you and a lender. If you already have a bank account, consider opening a savings account. Then, when you have paid off your bills at the end of each month, take the remaining money and put it into this account for future security.
Pay Bills on Time
One of the worst habits to fall into is paying your bills late. Make reminders on your calendar, your phone, or at your desk and learn when each bill is due. Use your budgeting skills to assess the amount of income you have and how much it will take you to pay bills throughout the month.
Save Your Money!
When you open your savings account-use it! One of the best things you can do is to actually start saving. Having a cushion to fall back on in the event of a financial hardship can be highly beneficial.
Work with a Wayne County Bankruptcy Attorney
At Bryant, Logan, Wheeler Law Group, PLC, we are dedicated to assisting our clients in their time of need and ensuring that they receive positive resolutions to their cases. With the guidance of our firm, you can debunk bankruptcy myths and be provided with the best possible bankruptcy guidance in the Wayne County area. We want to ensure that you are not only provided adequate representation throughout the bankruptcy process, but that you are also given the necessary tools that can begin to rebuild your life post-filing. If you have questions or concerns regarding your situation, do not hesitate to
contact a Wayne County bankruptcy attorney right away to schedule a
free case evaluation with a trusted Wayne County bankruptcy lawyer.