Tips for Recovering financially after a Bankruptcy in Hialeah
After going through a bankruptcy in Hialeah , the primary focus is on rebuilding financially but in addition, you need to let go of negative emotions associated with the situation. Annually, 1.5 million people in the United States file for bankruptcy for one reason or another so if you are facing this prospect, you are not alone.
Remember, just because you are facing bankruptcy in Hialeah does not make you a bad or irresponsible person. Unfortunately, financial problems arise from a long list of possibilities, with most being out of your control. Therefore, all you can do is work with a reputable bankruptcy attorney in Hialeah to get through the process and then take the necessary steps afterwards to get back on track.
Getting Through the Bankruptcy Process
The way in which you approach recovery after a bankruptcy in Hialeah is greatly impacted by the experience you had going through the process. By working with a qualified but also compassionate attorney, you will gain a tremendous amount of knowledge pertaining to finance management, but also have good support system that motivates you to succeed once the bankruptcy is over.
Although a bankruptcy attorney in Hialeah does not participate in the recovery process, this legal professional will establish solid ground on which you can rebuild. For the least painful experience associated with filing for bankruptcy in Hialeah, you want an attorney who specializes in this area of law, has years of experience, and knows current laws on local, state, and federal levels.
To recover from bankruptcy, you need to recognize mistakes but also have hope. Bankruptcy actually starts the healing process and prepares you to make better financial decisions in the future. Having an excellent bankruptcy attorney in Hialeah on your side will reduce stress and boost confidence.
On the Road to Recovery
One of the main objectives after going through bankruptcy in Hialeah involves getting and keeping your finances in order. As part of the road to recovery, there are a number of helpful steps such as those listed below:
- Credit Reports – Within six months of your bankruptcy being finalized, request a credit report from all three reporting agencies to include Experian, TransUnion, and Equifax. Spend time going over every detail to identify errors, followed by making a formal dispute to clear things up.
- Budget – Establish a working budget so you know the exact amount of money coming in and going out. With this, you have the opportunity to identify potential issues before they become bona fide problems.
- Bills – Since payment history accounts for up to 35% of your credit score, always pay your bills on time
- New Credit – Although you will need to be extremely careful with new credit, securing a credit card for people with bad credit and then charging only a small amount before paying the balance off in full will help to slowly rebuild your credit.
- Credit Repair Services – While offers from credit repair services may seem beneficial, many of these organizations charge outrageous fees while doing little to help you rebuild. Therefore, your bankruptcy attorney in Hialeah will likely suggest you avoid these offers.
There are two specific things you can do to make the financial situation better. First, gain information from Bankruptcy-America or similar local services in Hialeah so you have a better understanding of the process and second, work with the best attorney possible.
[ii] The Real Deal – http://therealdeal.com/miami/blog/2014/11/24/146854