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Life After Bankruptcy Get a Fresh Start Today

Life After Bankruptcy

Guidance from Our Indianapolis Bankruptcy Lawyers

As you pursue debt relief through bankruptcy, you are likely considering what ramifications this action will have on your future. Wherever you stand in the bankruptcy procedure, you should learn about life after bankruptcy, as well as the actions to take or avoid. Bankruptcy can be the gateway to ending your financial worries.

Speak with our Indianapolis bankruptcy attorneys to take the necessary steps toward a successful future after bankruptcy.

You may have become accustomed to life with a seemingly insurmountable amount of debt to the point that you cannot imagine life without that stress. At Jackson & Oglesby Law LLC, we can discuss what to expect after you have found relief through bankruptcy.

Considerations Regarding Life After Bankruptcy

Many sacrifices and the development of organization skills may be required after bankruptcy. We can help you file for bankruptcy and provide you with the guidance you need to make sure that you stay debt free. As you are discharging your debt through a Chapter 7 or Chapter 13 bankruptcy, you should be sure to keep in mind the following considerations:

Relief Can Be Found Through Bankruptcy

Our clients often feel a great sense of relief after bankruptcy is concluded. You likely have begun to realize the full extent of your debt problem, but there is relief through bankruptcy. After speaking with one of our Indianapolis bankruptcy lawyers, you can have the tools needed to get a fresh start on your finances.

Develop a Payment Plan in a Chapter 13 Bankruptcy

We can help you find an affordable monthly payment plan so that you can regain control of your finances. Our firm can help you complete bankruptcy and place you in a position to continue making payments on your remaining debts, including student loans and mortgages.

Adopt a Simplistic Lifestyle During and After Bankruptcy

Overspending is often the choice that leads many people into their current debt condition. We advise our clients to be mindful of their spending habits. Make a distinction between your wants and needs to avoid propelling yourself back into overwhelming debt.

Focus on Repairing on Bad Credit

After bankruptcy, you may want to obtain a credit card, but make sure to pay off all bills and balances on time. You should use credit cards wisely because they can be a valuable tool to rebuild credit, but can also place you deeper into debt if you do not pay your balances on time. With proper financial management, you can stay financially sound and build good credit.

You Can Have Hope in a Debt-Free Future

Eventually, you may be able to purchase large items on credit because of your lack of debt. After about two or three years after your debts have been discharged, you can qualify for mortgages. Car loan qualification can come much sooner, even directly following the debt discharge.

What You Need to Know

Many clients can reasonably expect an increase in their credit score within about 12 months from the date they filed for bankruptcy. Other newfound financial freedoms can be experienced two years after discharge, including improved credit, being accepted for necessary loans, and obtaining mortgages. Clients should understand that every case is different, but relief can be found through debt elimination. After bankruptcy, you will be free to move forward financially and rebuild your credit with the new habits you learned throughout the bankruptcy process and from the counsel of our debt relief attorneys.

At Jackson & Oglesby Law LLC, we are committed to helping you alleviate the weight on your life associated with debt stress. Contact our firm today to learn more information on life after bankruptcy!

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