Bankruptcy Lawyer | Your To-To List After Bankruptcy

Bankruptcy Lawyer . Are you ready to get on the road to a brand new financial future? Once you’ve received a discharge of bankruptcy debts, there are some things you need to do to assure you are successful along your journey.

By taking charge of your finances and making smart choices, you can move past your bankruptcy and enjoy a brighter future. Use this bankruptcy to-do list to help improve your financial fitness.
Stay Organized

Find a safe place for your bankruptcy paperwork. These papers serve as proof that your debts were discharged as a result of your bankruptcy. A creditor may try to take action against you to collect the discharged debt. By showing them a copy of the discharge order from you can prove that you don’t owe the lender anything and they can change your balance to zero. Misplace your paperwork? You will need to visit the bankruptcy court clerk to obtain another copy. The court will charge fees for searching your record and making certified copies.

List Any Debts That Weren’t Discharged

Not all of your debts will be discharged in your bankruptcy case. However, it is important to keep the debts in good standing. Student loans, child support, and taxes won’t be discharged so you should list them out to help keep track of the payments you need to make. Do your best to make the payments on time to keep the accounts in good standing.

Verify Lien Balances (if you have any)

If you have liens, they will survive debt discharge. If you keep your car or home, find out the amount you owe and continue making timely payments. Should you fall behind on the payments, the creditors have the right to enforce their liens and can repossess your car or foreclose on your home. Can’t pay on time? Make sure you contact the lender to let them know.

Set Up a Budget and Follow It

Take time to consider your income, your bills, and other spending and use the information to create a budget. Do your best to stick to it to help keep your spending under control. Avoid using credit to purchase anything that you do not need and cannot afford. Also, ignore the credit card offers that end up in your mail box. You don’t want to go down the same path of accumulating too much debt.

Create an Emergency Fund

Set up an account where you can begin putting money aside. It is important to have a savings of at least six months of expenses. Should you experience an unexpected situation such as a job loss, car repairs, medical expenses, or other financial emergency, you will have the funds you need to cover your expenses.

Examine Your Credit Reports

It is important to pull your credit reports two to three months after the discharge of your bankruptcy, with a bankruptcy lawyer. Look over it to make sure all of the debts that have been discharged show a zero balance. A small percentage of consumers have errors on of their reports from one of the three major reporting agencies. If you happen to find errors, contact the credit reporting agency.

Take a Debtor Education Course

Your bankruptcy lawyer can recommend a debtor education course.  Taking a U.S. Trustee-approved post filing debtor education course will help with your future finances. This required course discusses budgeting, money, credit, and shares information for staying on track. Consumers have found these types of courses helpful and valuable for their financial future.

By making smart choices after your bankruptcy discharge, you can start your journey to a more positive financial future. -startfreshtoday

Call attorney David Pinkston, bankruptcy lawyer for a free consultation today: (904) 389-5880. If you are thinking about #bankruptcy, #chapter13bankruptcy or #foreclosure in the Jacksonville, Florida area, you should call attorney David Pinkston. David is very experienced with all aspects of bankruptcy law yet very personable and easy to talk to. Call Us Today! (904) 389-5880