The end of your bankruptcy case is the beginning of a clean financial slate. Here are three important things to do after bankruptcy to help you avoid future debt problems:
Create a budget and control your spending
One of the most important things to do after bankruptcy is to re-examine your financial management skills and develop a plan to form better habits. Create a realistic budget to understand your expenses and ensure you won’t get into a financial hole again.
Check your credit reports regularly
Check your credit reports to make sure that the debt included in your bankruptcy has been removed.
Start an emergency fund
Putting your money into an emergency fund for future needs will help you avoid the circumstances that may have contributed to your financial troubles. Having the funds to cover an emergency or unexpected bill will give you peace of mind.
Is it time for a fresh start? Contact us today for a safe and seamless road to financial recovery. Wolfson Bolton is proud to offer no-contact, full-service bankruptcy representation to ensure our clients' health remains a priority.