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3 Things You Can Do After Filing for Bankruptcy

By Chandler's Watch / Published on Thursday, 16 Aug 2018 15:49 PM / Comments Off on 3 Things You Can Do After Filing for Bankruptcy / 901 views

Bankruptcy form, pen, glasses, and calculatorMany people have this notion that filing for bankruptcy is the end of everything. Even figuring out what you’ll do after it can be quite a challenge. However, law firms such as Law Office of Davis & Jones, P.C. believe that you can still manage to have a fresh start even after filing for bankruptcy.

Here are a few steps you need to take note of after you received your discharge:

Secure all the documents from your case

You should receive at least 40 to 50 pages of bankruptcy petition after receiving your discharge. Try to keep everything stored in case you need it someday. According to Credit, there are lenders who would like to see a copy of the bankruptcy documents when a person is applying for a new credit. Keeping it handy will make it much easier for you to apply for a loan in the future.

Start saving up

You may want to choose a credit union and open a savings account as soon as you have enough money to manage your bills. Another way of managing your finances is by getting a secured credit card. It works much like a debit card and will even help with your credit score.

Pay all your bills on time

You should also try your best to pay your bills on a timely basis. One of the best ways to improve your credit score is by managing your bills each month. It’s free and only requires you to organize everything before the month ends. Based on an article posted on Consumer Affairs, you may also want to check your credit score and see if there’s any incorrect information that you can dispute.

Filing for bankruptcy doesn’t mean that you’ve already hit rock bottom. It might be a great idea to carefully examine the reason that led you to this situation and see if you can work around it. You may also want to work with a law firm who thinks about your best interest as well.