It may not feel like it when youu2019re in the midst of bankruptcy, but there is a life after bankruptcy. Isnu2019t that why we pursue bankruptcy in the first place? To have a life where youu2019re able to actually live, not burdened down with bills and debts that youu2019ll never be able to physically pay off. There really is a light at the end of this tunnel. Curious what the other end of that tunnel looks like, after bankruptcy?

You may still get debt collector calls

Although all debt collectors cannot legally collect debt once youu2019ve declared bankruptcy, you may still have a few of them filter through. This is usually due to some sort of an auto dial system. You can inform them of your bankruptcy, and speak to your lawyer for specifics if they donu2019t believe you or pester you, although you shouldnu2019t have a problem with this.

Youu2019ll be able to breathe

You know that feeling of a crushing weight on your chest, because you donu2019t know how youu2019ll pay off all of your debts? That goes away. You may not believe it at first, your relief seeming misplaced. Eventually, things will settle down, and youu2019ll get used to not having those pending debts looming over you.

Youu2019ll still have to be careful with your money

Itu2019s important to change the habits that got you into a tough financial situation in the first place. Many people who have gone through bankruptcy, find themselves in a spot where they donu2019t know how to manage their finances properly afterwards. This is normal. Your entire financial situation is different. Whether it was your mistakes or issues outside of your control that led you to bankruptcy, you have the chance to create new habits now that will lead you to a prosperous future. We recommend a financial advisor or coach who will help you set up a budget and a plan to put a percentage of your income into a savings account every month. Setting up a savings account is one of the best things that you can do for yourself after bankruptcy. Sticking to a budget is one of the best ways you can achieve this. It doesnu2019t have to be too strict, it just needs to be something to give you direction and a little bit of structure.

Life After Bankruptcy

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