Filing for bankruptcy feels like a severe and permanent decision. You may be afraid that once you file you are going to regret it. This is why it is so important to have a bankruptcy attorney, like one from The Law Offices of Ronald I. Chorches, on your side. He or she will be there every step of the way so that you can feel confident with each decision you need to make.
Realize that You Are Getting a Fresh Start
Despite possibly feeling like you are doing something detrimental to your credit score and other financial aspects of your life, you are actually also getting a clean, fresh start. By choosing to file for bankruptcy, you are allowing yourself to get a break from being weighed down with seemingly impossible bills to pay. You will be forgiven of the debt that was causing you so much angst and misery, and you will be able to move on with your life and start fresh.
This Will Not Last Forever
Your credit score will take a hit when initially filing for bankruptcy, but it will not be like this for the rest of your life. It typically takes about 5 years or more for your credit score to begin really recovering, but in the meantime your attorney can give you tips and tricks to help facilitate this recovery. Knowing that you are free from the debt that was weighing you down should offer a sense of relief.
Create a Budget that Makes You Comfortable
Whether you hire a financial planner to help you or decide to go over your finances on your own, it is important to change your habits and to always be thinking about the future. By doing this, you will lessen your chances of ever being in this kind of situation again. You should always have some amount of money set aside for fun activities or things that you can splurge on, but need to have a good amount of self control when planning as well. You may need to make compromises with your own desires or your partners, but planning ahead will allow you to prioritize all of your expenses.
Ask Your Attorney Any Questions You Have
Whether you are concerned about something before, during, or after filing for bankruptcy, you should always ask any questions that you have throughout the entire process. Your attorney is there to help and will be more than happy to help put your mind at ease. It is his or her duty to put you on the road to success, so you should not feel shy about asking. No question is too big or too small for your bankruptcy attorney to handle. He or she has handled many cases like yours and has likely seen it all. You hired an attorney so that you would have years of experience on your side and so that you could trust an expert in any areas that you do not understand. He or she will be more than happy to set up a meeting or phone call to go over all of your concerns.