After filing for bankruptcy, you may wonder how your life will be after the discharge is complete. Life after bankruptcy will most likely be very different for you, and it should be. If you were in financial trouble and needed bankruptcy for relief, you will need to apply the fundamentals you learned through your required credit counselling classes. Here are three ways to do this, and the differences these may mean to the way you live your life.
9 December 2014
For many people, managing debt is complicated, leading to crippling debt with no foreseeable end. Credit counselling provides assistant to those struggling financially. They offer advice and solutions to get out and stay out of debt for life. Examine your Financial Situation The process begins with the credit counselor reviewing your financial situation, so you'll need to make sure you have all the appropriate documentation ready, including: Employment and other sources of income Expenses other than debt like groceries, utilities, etc.
1 October 2014
For many adults, there is only one word that strikes more fear in their hearts than an IRS audit or their teenager's first date: bankruptcy. If you're drowning in debt and there's no end in sight, you might assume that bankruptcy will ruin your chances of ever owning a home, buying a car or even securing a credit card. However, before you believe everything you're told by your well-meaning friends and coworkers, learn about a few of the most common bankruptcy myths:
18 September 2014