Life after Bankruptcy

Orange County Bankruptcy Attorneys

What will life be like after you have filed for bankruptcy? The first thing most clients notice is the utter peace and serenity that they now experience. After spending months, and possibly even years, of having to deal with creditor harassment, it is invaluable to have your home become peaceful again. You may not have recognized just how much emotional distress your creditors were causing you. You will also find that you have more money to spend on those things that are truly important to your family such as clothing and other vital necessities. In many cases, financial stress has nearly destroyed marriages, and you have the opportunity to peacefully continue with your lives.

Most of the clients of our bankruptcy lawyers in Orange County feel a cautious sense of relief and after a short period of time, complete amazement and freedom when it finally hits them - "we are no longer in debt!". It is actually incredible that the federal government has provided these laws to protect their citizens and give them a fresh start. Most clients feel relief and are thankful to have had a solution to what seemed to be an unsolvable problem.

Reestablishing Your Credit

Ordinarily, after a short period of time, possibly 18 months or less, you will begin to receive offers for credit cards. These will most likely be high-interest cards with low limits. However, they can help you to begin to reestablish your credit if you choose to use one. It is advised that you use them only occasionally and pay off the full balance every month. You may also get other offers for credit with high-interest loan companies. This is the beginning of getting back to having a good credit rating. When you see the offers coming in, you know that the end is in sight.

There are so many individuals in the current financial climate that have filed for bankruptcy that it truly is not looked on negatively anymore. Probably many people you know have filed for bankruptcy and are carrying on with their normal lives, happily free of the crushing debt that they once were faced with. You will likely discover that you are able to make your car payments on time, which will improve your credit score, as well as save some money for maybe the first time in years. Bankruptcy is not a frightening prospect. It is an opportunity for individuals who have gotten in over their heads to make a fresh start and create a new financial future.