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Life After Bankruptcy: Five Things You Need To Do

November 28th, 2016 | By

Congratulations! You’ve finally received your bankruptcy discharge papers, and you’re ready to begin your fresh start on life. But now what? Too often, people are tempted to simply tuck their bankruptcy file in a back drawer and forget the thing entirely, but if you want to make the most out of your clean slate, your work isn’t quite over. If you want to ensure that you get the biggest bang for your buck from your bankruptcy filing in Atlanta, and rebuild your life the way you want it, here are five things that you should do in the coming months.

  1. Keep all of your paperwork

Like most important documents, your bankruptcy paperwork should be gathered and stored in a safe place. You may not need to refer back to it very often, but it’s helpful to have it when you need to file taxes, apply for a new job or loan, or keep track of your credit. Plus, if you lose or throw away these documents, you’ll have to pay a fee to retrieve them from the court archives.

  1. Track your credit reports

It takes an average of three months for the credit agencies to process your bankruptcy, but it’s important to keep an eye on things after then. Check that all your dischargeable debts were indeed discharged, and that creditors aren’t showing up on your reports any longer.

  1. Note any creditor harassment

Sometimes, creditors may try to collect on debts even after bankruptcy, and it’s important to document this if it happens to you. Harassment by any creditor is considered illegal, and should be reported to your Atlanta bankruptcy attorney, or other authorities right away.

  1. Don’t fall behind on bills

Bankruptcy is there to give you a fresh start, and relieve some of your debts so you can move forward with better financial health. Don’t let yourself get behind on any of your regular bills for housing, utilities, or educational expenses if at all possible. Set yourself up for future success now.

  1. Avoid seeking credit right away

After your discharge, you will undoubtedly be flooded with credit scams and other offers for loans, but get in the habit of throwing all of these away immediately. It might be tempting to get a credit card or financing option, but just remember that this is extremely risky, and may put you right back in the same spot you were prior to your filing.

If you need help with your bankruptcy filing, or how to move on after your discharge, reach out to us today!

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