Life After Bankruptcy

Life After Bankruptcy

bankruptcy lawyers in Houston

Deciding whether you need to file for Chapter 7 bankruptcy can be stressful. However, once the process is complete, many people find relief knowing they have the opportunity to essentially create a new life. It’s understandable you may feel a lowered sense of self-esteem as a result of filing for bankruptcy, but Texas bankruptcy lawyers will tell you it can happen to anyone and it’s nothing to be ashamed of. Take your bankruptcy case as an opportunity to create a better financial situation for you and your family by considering these points.

Plan Your New Beginning

Bankruptcy can provide a huge sense of relief, but it’s important to keep that sense going by immediately planning your new beginnings. The best bankruptcy lawyers in Houston will tell you to take the time to clearly understand what led to your bankruptcy, and do what you can to avoid those situations going forward. If you need to visit with a financial counselor, then don’t hesitate to do so. You have the opportunity to right the ship on your finances, so take advantage of every resource available to you.

Live Below Your Means

One of the best ways to bounce back from a Chapter 7 bankruptcy filing is to live below your means to slowly build up your finances. If you were able to keep your home or car, consider downgrading to more affordable options. Pay your bills before you buy any luxury items as well. Small steps like this with managing your money will help you create a lifestyle well below your means and begin building your finances again.

Work to Restore Your Credit

Your Texas bankruptcy lawyers don’t have to tell you about your credit taking a hit when you file for bankruptcy. However, even some of the worst bankruptcy cases still present opportunities for people to slowly restore their credit. Open up a credit card with a small credit line, and pay the bill on time and in full every month. This is one of the simplest ways to start restoring your credit, but a financial professional can help you with other methods as well.

Bryeans & Garcia, PLLC wants to help clients in Houston and Ft. Worth get out of debt and live a better life without financial struggles. After filing for Chapter 7 bankruptcy, life can be much different, but you have the opportunity to get back on the right track. Whether you’re considering filing for bankruptcy, or if you’ve already done so and would like to talk to Texas bankruptcy lawyers for advice, don’t hesitate to contact us to schedule a consultation.