So you just filed for bankruptcy. It happens. Sometimes it’s unavoidable. Sometimes, looking back, it seems as if it could have been avoided, but that’s a tricky thing because you can’t avoid something that’s already happened. So you’re right back to where we started. You filed for bankruptcy. It happened. There’s no question about it now – it’s definitely unavoidable. What do you do next?
Keep it positive. Adopting a positive attitude post-bankruptcy is the best thing you can do for yourself, your loved ones and your health (financial and otherwise). Experts agree that adopting a positive attitude and exhibiting persistence can make a big difference. Filers will recover faster if they’re willing to jump back into life after they go through the bankruptcy process. And by life – we’re referring to both the financial realm and your own, personal life. They go hand in hand.
If you begin by creating a savings account, compound the positive behavior by not carrying any debt and also creating an emergency fund. Prove to yourself that you can stay in control of your own financial behaviors. Sell your own ability to things as planned every morning and pay attention to your own actions.
Use what you know. This is the time to show off what you’ve learned. Shop lenders. There’s always a price attached to any credit being offered (fees, interest rates, etc.) For the first 6 months after you receive your bankruptcy discharge, you’ll want to demonstrate (if only to yourself) that you’ve learned from your financial mistakes – you’re not going to create a similar situation because you no longer behave the in the same fashion. When it comes to financial management you’ll be a model citizen from this point forward. You will make all your payments on time. You will build up your savings and hold appropriate amounts aside from your income for rainy days (they always show up). You will use credit only as necessary and will always pay it off right away.
Keeping things positive post-bankruptcy will lead a greater success in proper financial management, not to mention you’ll be happier and enjoy a lower level of stress. If you have questions about how to approach life after bankruptcy contact Westgate Law, expert Beverly Hills, CA bankruptcy attorneys.