Filing for personal bankruptcy never means that your life as you know it is over. In fact, it should be viewed as a new start for you and your family. Bankruptcy should not be viewed as a last-ditch effort. It also shouldn't be viewed as an embarrassment. You need to come to the realization that mistakes were made, learn from them and move forward. You can do so by using the tips outlined in this post for rebounding from a personal bankruptcy filing.
As mentioned earlier, you need to adopt the mindset that this is a fresh start for you. It is not the end. It is very far from the end. You need to look at the filing as a solution to a problem you had and not the actual problem. Bankruptcy should never be looked at as a problem.
Request a full credit report once the filing is complete so you can ensure that everything has been cleared from it. This is important because there are times when items can be missed and still remain on the report even though they were either paid off or wiped out.
Take note of where you went wrong in handling your money. Make a point to never let this happen again or you will find yourself back in the same situation. Know that the past can never be changed but you definitely have control over your future.
Reevaluate how you spend money. It's time to make some major life changes. You cannot simply continue to spend money after a bankruptcy. You need to cut expenses.
Are you planning to file for Chapter 7 bankruptcy in Long Island? A bankruptcy law attorney can advise you as to what you need to do to start the filing process as soon as possible.
Source: WiseBread, "How to Bounce Back From a Bankruptcy," Dec. 05, 2017