- May 15th, 2018
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- Life After Bankruptcy: How to Get a Fresh Start
Regardless of the reason or situation, we at Sherman Law Firm, P.C. always tell our clients that bankruptcy is not the end of the world. There is always a way to make the most of a situation, and you can still bounce back from bankruptcy. Here is a quick read on how you can get a fresh start.
Acceptance is Key.
Did you know that more than 1 million people in the United States file for bankruptcy every year? In that number, studies reveal that more than 60 percent declare it for medical bills alone. Still, many people are afraid to have their friends, peers, and the rest of their community find out. The thing is, bankruptcy is considered public record, which means all your creditors will be notified.
We understand that it can be hard to face this situation, but sooner or later you and your family will have to come to terms that filing for bankruptcy is not as bad as you think. We have seen a lot of cases that adjusting to the first few weeks of bankruptcy becomes easier with the help of debt management counselling.
Slowly Rebuild Your Credit Score.
It is a common fact that your credit score will take a hit after filing for bankruptcy. However, that does not mean that it will stay down for long. Being plagued with a bad credit score for 7 to 10 years is a myth. In fact, we have seen a lot of our clients already having a good credit score in two years.
The secret lies in always paying on time. You can still apply for loans and credit cards after declaring bankruptcy, but expect not to get the best rates. The more important thing, however, is that you become consistent in paying on or before the due date. This will already help rebuild your reputation.
Hire Trusted Local, Legal Professionals.
Chapter 7, Chapter 11, and Chapter 13 Bankruptcy are all designed to help you cancel and pay off debts at a sustainable pace. At the same time lawyers like the Sherman Law Firm, P.C. who help people in bankruptcy in the Fort Worth and Bedford, Texas area are here to help shield you from most lawsuits and constant calls, visits, and follow ups from creditors.
It is vital to hire trusted legal representation in your area since they already have years of experience in the field. You can even rest easy knowing that they will safeguard yours and your family’s welfare throughout the bankruptcy period and until you get your fresh start.
Get more insights and learn about the proper way of filing for bankruptcy through our blog. For a more comprehensive legal advice, please call us here at Sherman Law Firm, P.C. and schedule a free consultation today.