What Not to Do After Bankruptcy

At the law firm of Rothschild & Ausbrooks, our attorneys provide experienced bankruptcy representation for clients who are faced with significant amounts of debt. We not only provide clients with effective debt relief solutions, but also the tools to successfully move forward with their lives after bankruptcy. Unfortunately, some people who file bankruptcy end up right back in the same place they started prior to filing.

It is our goal to prepare you for financial success so that you will never be overwhelmed by debt and facing the prospect of bankruptcy again.

Experienced Nashville Bankruptcy Lawyers

Our lawyers offer clients the following advice regarding common mistakes and what to do after bankruptcy:

  • Do not get back into debt by charging up large amounts on credit cards or taking out loans you cannot afford
  • Do not take out any payday loans or cash advances
  • Only use credit when you can pay it off at the end of the month. Never carry a balance on a credit card
  • Imagine yourself writing a check for the item you are purchasing with a credit card.
  • Be realistic when buying large items such as a house or car. Do not buy property you can't afford
  • Create a monthly budget and follow it closely.
  • Maintain separate savings accounts for certain items.
  • Always have at least three months' salary in savings.

One of the most important things to remember when starting fresh after bankruptcy is to resist easy credit. The American economy depends on consumption, which is driven by credit. Realize that the reason you can get a car loan quickly is not for your convenience, it is to enable car dealers to sell cars fast. By making wise choices now, you can ensure that your finances stay healthy down the line.

Speak With Our Attorneys for a Free Bankruptcy Consultation

Please contact Rothschild & Ausbrooks, PLLC, today to get answers to questions about credit after bankruptcy.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.