Life after Bankruptcy

Irvine Bankruptcy Lawyer

After the bankruptcy process has been completed successfully and creditors no longer call or write, consumers now become concerned about how the bankruptcy will affect their credit and their life in the years to come.  They wonder if they will ever be able to buy a home or a car, or be able to use a credit card once more.  For most individuals, it takes a few years to rebuild their credit, as long as they develop good financial habits and avoid getting into debt again.  It is crucial for them not to fall back into old patterns of behavior that led them down the road to bankruptcy in the first place.  According to the Administrative Office of the U.S. Courts, over one million people and businesses file for bankruptcy each year.

Making a financial action plan for the future and restoring and repairing credit should be part of life after bankruptcy.  A skilled Irvine bankruptcy attorney from the Law Offices of Arthur R. Hausmann can help in that regard.

Rebuilding Credit over Time

There is a misconception that it will take up to ten years for a person to rebuild their credit and be able to take out a loan, buy a car or a home.  There are a number of ways to rebuild one's credit score much sooner than that.  One way is to obtain a credit card with a very small limit, and then being consistent and diligent in making the monthly payments.  Higher interest car loans can be obtained.  Again, consistent payments will be the key to rebuilding credit.  If this is done, a person's credit score will end up rising into a "healthy" range.

Filing for Chapter 7 or Chapter 13 bankruptcy was an opportunity for a fresh start.  Now that the fresh start has arrived, it's time to take advantage of it and create a brighter financial future and a better life.  Attorney Hausmann helps his clients recover quickly following their bankruptcy by using his experience in the financial arena.

Contact an Irvine Bankruptcy Attorney  for help with life after bankruptcy.