Filing for bankruptcy can knock the wind right out of you. You may feel helpless, discouraged, and angry. However, recovering from bankruptcy can be done, all it takes is hard work. Below, we will give you a brief overview on how to bounce back from Chapter 7 or Chapter 13 bankruptcy. If you’d like more in-depth help, contact our office today.
What Brought You Here?
Filing for bankruptcy can be hard enough, but asking yourself the difficult questions that led you to this point can be even more draining. Reflecting on what brought you to file for bankruptcy is important, but it is just as important to learn from the past. Dwelling on the issue won’t fix it, but learning from it will. With our counseling, we can guide you back to being stronger than ever.
Just as important as learning from the past, setting goals for the future is vital to your recovery. Setting goals, such as how to re-establish a healthy credit score, is the best way to get back on your feet. Properly managing money is something we can guide you on to make sure your vision of the future works out the way you want it to.
Stay Away From Debt
Filing for Chapter 7 bankruptcy means that you were swallowed by accumulating debt. There are a variety of ways you can avoid debt to keep yourself on the right path. Avoiding new credit cards, or even cards you already have open is key. Bank and debit cards are the way to go when making transactions.
Avoid making large purchases, such as a house or car, unless you absolutely need them. If you need a credit card to pay for these assets, that should be your warning right there. Sticking to only the necessities and staying away from credit cards is surprisingly simple and can save you a lot of hardship.
Keep An Eye Out For Predators
In the world we live in, everything is connected, meaning that as soon as you file for bankruptcy of any kind, you’re immediately bombarded with offers from different companies claiming they can help you turn things around. More than likely, these companies will cheat you out of the little money you still have. Stick with the proven professionals.
Go To The Professionals
Getting an expert on your side may be vital to your recovery. Finding a trusted, established financial advisor who can guide you step-by-step will ensure you won’t make the same mistakes. With our help, you can find financial stability and stop living paycheck to paycheck. With our services, we can lead you to a trusted consultant to aid you in turning your finances around.
Ron Lundquist Can Help With Your Bankruptcy
For over 15 years, Ron Lundquist has been guiding people to recovery after they have filed for Chapter 7 or Chapter 13 bankruptcy. At our office, we provide many services, ranging from bankruptcy to foreclosure, and we can help you get back on your feet. If you are in the Minneapolis and St. Paul area and need help, give us a call at 651-454-0007, or message us on our contact page.