Debt Relief Attorney in Panama City Beach, FL Shares 3 Tips to Bounce Back Fast after Filing for Bankruptcy

 

The decision of whether or not to file for bankruptcy is a tough one. You probably have many concerns regarding the effects that bankruptcy will have on your life. The best first step to take in getting those questions answered for your specific situation is to visit your local debt relief attorney in Panama City Beach, FL. In the meantime, here are a few tips on how to get back on your feet financially after filing for bankruptcy. (Fortunately, filing for bankruptcy essentially gives you a fresh start!) 

1. Reduce Expenses  

There are many reasons why people end up filing for bankruptcy. Sometimes it results largely from overspending, but sometimes it has to do with uncontrollable circumstances. Either way, adjusting your lifestyle will help you bounce back after filing for bankruptcy. Think ahead and plan out the necessities you know you need to purchase each week, but when it comes to non-essential expenses, do your best to cut them down, such as reducing how often you go out to eat and cutting out unnecessary clothing purchases.  

2. Build Up Your Credit 

Rebuilding your credit is a great way to improve your financial situation post-bankruptcy. Good credit can help you buy a house or car in the future and can even help you get a job or rent an apartment. While building your credit is inevitably a slow process, it will be worth it! Remember to frequently check your credit score and most importantly, pay off your bills on time.  

3. Establish Positive Habits  

Local attorneys in Panama City Beach, FL suggest that making a commitment to establish and maintain good habits is key when you are working to recover from filing for bankruptcy. A new set of good habits should certainly include these two major practices: 

1. Paying your bills on time 

2. Building up your savings account  

There’s no doubt that bankruptcy can be a stressful process. However, if you go through it with your head up high and dedicate yourself to self-discipline, you will meet your financial goals and climb right back up to where you want to be. 

Lewis and Jurnovoy is a local law office serving the Florida Panhandle. We specialize in bankruptcy law, including Chapter 7 and Chapter 13 bankruptcy. We will work to achieve the best financial remedy for your outstanding debts. 

Lewis and Jurnovoy       

2714 West 15th St.   

Panama City, FL 32401                      

(850) 913-9110        

 www.lewisandJurnovoy.com