Law Offices of Martin Seidler
One Elm Place, Suite 504
11107 Wurzbach Rd
San Antonio, TX 78230
Life After Bankruptcy
Many people assume that life after bankruptcy will be worse than their current situation. They are concerned about their credit being ruined, whether or not they’ll be able to buy a home or car, and whether or not there is a social stigma attached to filing for bankruptcy.
The truth is, those who file for bankruptcy quickly discover that life after bankruptcy is better than they could ever have imagined. After filing for bankruptcy, you will no longer be harassed by creditors day and night. In fact, your creditors will be prohibited from making any sort of contact with you whatsoever. They also cannot pursue any legal action against you. Furthermore, if your wages are being garnished and/or your property is being repossessed, filing for bankruptcy will stop this.
Perhaps even more rewarding is the relief you will feel once you realize you no longer have mounting debt looming over your head. After you have filed for bankruptcy, all of the stress, worry, and anxiety will melt away, and you’ll be given the chance to build a new life free of debt and financial trouble. Many people also find that their overall level of happiness increases, as well as their feeling of self-worth.
Maintaining Good Financial Standing After Bankruptcy
After you have filed for bankruptcy and gotten your finances under control, it’s important to keep your finances on the right track to prevent debt from accumulating again. The following is a list of tips for helping you rebuild credit after bankruptcy, as well as how to keep yourself in good financial standing:
- Be sure to find a job, or keep the job you already have. Unemployment is one of the main reasons people fall behind on their payments.
- Pay all of your bills on time and in full. By paying your bills in full each month, you will avoid a high interest rate and you’ll pay a lower amount in the long run. Doing this will also improve your credit rating.
- Do not spend more than you can reasonably afford. If you spend your money responsibly, there is no reason you shouldn’t be able to pay off your expenses each month.
- Keep track of your finances. Writing down where your money goes is a good way to determine where you can cut back on spending. By cutting back on frivolous expenses, you can save more money or use the money you save towards something rewarding.
- Try to save as much money as possible. If you have a savings account, you will be better prepared in the event of a medical emergency, sudden job loss, divorce, or unexpected family emergency.
To learn more about how you can rebuild your credit after bankruptcy, please contact San Antonio bankruptcy lawyer Martin Seidler today!
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The LAW OFFICES OF MARTIN SEIDLER serves clients throughout South and Central Texas including Bexar, Comal, Wilson, Medina, Bandera, Uvalde, Kerr, Gillespie, Guadalupe, Kendall, Maverick, Webb, Lee, Travis, Llano, Real, Frio, Karnes, Kimble and Nueces Counties and many cities including San Antonio, New Braunfels, San Marcos, Kyle, Buda, Austin, Bastrop, Menard, Llano, Marble Falls, Georgetown, Gonzales, Boerne, Floresville, Laredo Brackettville, Eagle Pass, Pearsall, Crystal City, Hondo, Uvalde, Del Rio, Burnet, Leakey, Rocksprings, Karnes City, Nixon, Comfort, Junction, Kerrville, Fredericksburg, Ingram, Hunt, Mason, Junction, Seguin, Johnson City, Giddings, and Corpus Christi.