Everyone suffering through financial difficulties wants to know whether filing bankruptcy just trades one form of pain for another.
Will you be shut out of the American dream forever? Unable to function in a world centered on electronic payments?
Here’s a collection of our best stories and advice on the world of your fresh start.
Damaged credit improves over time, just like wounds heal. A credit report is not like a wine glass that once it’s broken, it’s gone forever.
You’ve still got work to do after your bankruptcy to enjoy your fresh start. Figure out where you are, money wise, and apply the lessons of the debtor education class you took to get the discharge.
Renter to homeowner
Even with generous California exemptions, this aging client had nothing coming out of bankruptcy because she had nothing going in. Three years later, she’s a homeowner.
A few unsecured debts can’t be discharged in bankruptcy; it’s a short list. Some liens are your assets remain a charge on the collateral for that lien, but not on your new acquisitions.
Getting new wheels
How do you hold on to your ride, or replace your aging car after bankruptcy? Understand the impact of a shedding debts through bankruptcy.
The bankruptcy discharge is a federal court order; it has teeth. If creditors ignore your right to be free of collection efforts, you may have to bite back.
Life after bankruptcy can be what you make it. You get a chance to make some new choices and to strip some sources of stress from your life. How will you color it in?