Rebuilding After Bankruptcy
Is There Life After bankruptcy?
Bankruptcy is the chance for a fresh start – you have the ability to discharge your debt and move on with your life. After bankruptcy, you have the opportunity to look back on your past and life changes, and make a better plan for your financial future.
When you file for bankruptcy your credit score can go up, and you have the chance to immediately start rebuilding your credit throughout the process. You can make your bill payments on time, establish a manageable budget based on your income and expenses, and take on a secured credit card. Secured credit cards mean you are giving a bank or credit union a certain amount of money, and they will give you a credit limit for that amount on a credit card.
After your bankruptcy is discharged, you will already be on the right path to a debt-free life. If you are staying on budget and starting to save, you can start looking for ways to increase the limits on a secured credit card and eventually move to an unsecured credit card. By monitoring your credit score (from all three major institutions), making timely payments, and keeping your credit card balances low, you will be able to improve your credit score. Contact Queens bankruptcy attorney, Bruce Feinstein, Esq. if you want to learn more about how bankruptcy can help you recover from debt and establish good credit again.
Financial Relief From a Bankruptcy Attorney in Queens
Sometimes people fall into debt after losing a job, facing an unintended life change, dealing with divorce, or making poor financial decisions. Whatever the reason, bankruptcy is a way to help people in debt get back on their feet and avoid serious consequences like repossession, foreclosure, and freezes to their bank account. The Law Offices of Bruce Feinstein, Esq. are equipped to handle your financial situation, no matter how complicated. They will be able to take you through the bankruptcy process and go through alternatives to bankruptcy to help you make the right choice. If you file for bankruptcy, they are ready to litigate on your behalf and defend your property and your business. They can help you eliminate your debts and prepare you for life after bankruptcy. Bruce Feinstein, Esq. and his dedicated team are there for you, every step of the way.