Life After Bankruptcy
Yes, there is a bright light at the end of the tunnel! Many people worry that if they file Chapter 7 bankruptcy or a Chapter 13 debt consolidation, they will never be able to rebuild their credit, own a home or regain financial independence; however, by making smart and informed decisions through a bankruptcy or debt consolidation, it is possible to rebuild your financial life after filing a Chapter 7 or Chapter 13. For example, it is important to maintain employment, spend wisely and set aside earnings for savings or investments. You must also make loan and credit card payments on time. For some people, bankruptcy was the only choice due to medical bills, health problems, divorce or job loss, while some simply made poor choices about money. For the most part, what our Montgomery bankruptcy lawyers have observed through three decades of practice is that most Chapter 7 and Chapter 13 clients are in our office due to reasons that do not involve poor financial decisions; however, at some point everyone has made poor financial decisions! Therefore, it is important to manage your finances and set goals that help avoid getting back into the same or similar situation that lead you to file bankruptcy! We work with all of our clients who are nearing the end of their bankruptcy process to become better educated. It is important to know that there are many lenders who will now offer extremely high interest loans and credit cards with interest rates in an attempt to get our clients to go back into debt. These lenders know that it will be impossible for the person to enter into another bankruptcy for a few years, and the lender can continue to prey upon that person. We do our best to prevent this from happening! Our Montgomery bankruptcy lawyers provide financial management courses on how to make the best possible decisions now that the bankruptcy is completed; and of course, even after you have completed your debt consolidation or bankruptcy, we are always here to help!
Generally, Chapter 7 clients will instantly see some improvement in their credit score upon the discharge of their case. In a Chapter 13 case, most clients will start seeing some improvement in their credit score within 6 months of having their debts consolidated. There is no quick fix, but with patience and hard work by your Montgomery bankruptcy lawyers and by you, then you should start seeing a difference!
At The Sellers Law Firm, we work to give our clients the information they need to make informed decisions when it comes to their financial well-being. Sometimes, bankruptcy or a debt consolidation is not the best option, but often times it is. We will never pressure anyone into filing a bankruptcy, and we will always give you our very best advice on you financial options. If you are faced with filing bankruptcy or need to consolidate your debts, please do not think that you will never again be able to reestablish your credit or regain your financial independence. You can! In fact, we will work hard to see that you do. If your worries about life after bankruptcy are keeping you from making the choice to file, call us, come in for an appointment and let one of our experienced Montgomery bankruptcy lawyers answer your questions. Consultations are always free! Call today and let us put our knowledge and experience to work by helping you find out which option is best for you! Remember that doing nothing, changes nothing!
For many years, people would always ask us, “Why don’t you have an office near me?” We have answered the “near me” question by creating multiple locations in Central Alabama. The Sellers Law Firm has four locations and we hope one is near you! We have locations in Montgomery, Selma, Greenville, and Troy and you can call us today at 334-LAWYERS (334-529-9377). Our Montgomery bankruptcy lawyers and the lawyers at our other locations can usually see you within 24 hours of calling us. Call The Sellers Law Firm today or email us at firstname.lastname@example.org! You can even use the “text us” link or Contact Form on our website, and we will respond to you immediately! Also, there is never a fee for a consultation with our office! Remember that doing nothing, changes nothing.