1. Learn
from your mistakes after filing for bankruptcy. Reflect on the financial choices you made in the past and determine if there are any you can avoid repeating. If you recognize where you went wrong, the chances of being in a difficult financial spot are much less likely. Whether it was being laid off and out of your control or too tut_1much credit card debt, you will be more prepared in the future to handle any financial situation.

 

2. Move on from it. It is normal to feel embarrassed or guilty after filing for bankruptcy. Millions of people are filing for bankruptcy or are experiencing extreme financial burdens ever year. Although you may not personally know anyone else who has been through what you have, it is likely there are plenty closer than you think. Accept your situation and realize the steps taken were necessary. Do not think of bankruptcy as a failure but as the clean-slate/fresh start it is meant to be. The sooner you accept it, the easier it will be to rebound.

 

3. Plan for the Future. Experiencing debt can be the effect of poor financial planning as well as not paying/forgetting to pay bills on time. Create a schedule of when all of your bills are due and a budget to ensure you have the necessary funds to pay them. You also might consider applying for a credit card (we suggest a secured credit card) to help rebuild your credit score after filing.

 

4. Understand Bankruptcy. It is common for people to believe they have been “defeated” after they file for bankruptcy. Although it is easy to feel this way, it is important to know just what exactly bankruptcy means for you and your bank account. Spend some time researching bankruptcy online or even take a class concerning finances. The more you know about what you can and can’t do after filing is extremely important.

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