Life After Bankruptcy - Let's Get it Going!

By: Alan Thomas
Submitted: 2007-01-17 16:10:30
Print this article | Tell a friend | For publisher | Social Bookmarking
Rating:
 

Let's begin your life after bankruptcy…now!

Ok, so you just received your discharge papers from the bankruptcy court. Now what? Are you going to go into the corner and hide? Or are you going to see this situation as the most liberating opportunity you have had in years. I suggest the latter…and for one reason…I have seen literally thousands of people begin their life after bankruptcy with greater opportunities than ever before. Let me explain.

Beginning your life after bankruptcy can sometimes seem a little daunting, but I am here to tell you that you are immediately going to recognize that you are in a much better situation then you might imagine.

First, you are not likely to fall into many of the same traps that you fell into before…this I am sure of, as we have interviewed literally tens of thousands of individuals that have gone through a recent bankruptcy. The reaction we hear most from individuals that have recently discharged and bankruptcy…and are about to begin their life after bankruptcy…is, “I have learned so much through this process…I can't imagine ever going through that again.”

I mean seriously, the education alone of going through that situation is enough to keep all of us on the “straight and narrow” in building our life after bankruptcy as stable as possible.

Next, you have most likely learned quite a bit about sacrifice and “how to trim the fat.” Often times we find ourselves adding an expense here and an expense there and before we know it, we are in a bit over our heads. Then, to compound matters, we begin to rob Peter to pay Paul, driving us now into debt that we can not get out of without some miracle from above.

In speaking to those that are building their life after bankruptcy, one of the most common things I hear is “I will NEVER buy another subscription, apply for another department store credit card, or cave in to the temptation of a pay day loan in order to get something I want now.” People have learned sacrifice and patience in a world of immediate gratification…and this is worth its weight in gold.

Finally, for those that are rebuilding life after bankruptcy that came down that result of unforeseen circumstances, such as medical bills, an accident, unemployment, etc, this is a group of people that has also learned more than they could ever imagine. In our discussions over the years with this group, one thing is clear, these people will never fall prey to these circumstances ever again. Why do I say that…well…this is what I hear.

“I put myself into a situation where I was uninsured, and now that I have been through a bankruptcy because of this situation, I will never be uninsured again.” And, “I went through a period of unemployment, now I have gone back to school to become more marketable and now have a job paying $4 more per hour. Life has become so much more enjoyable.” Or, “I was injured on the job last year, and with the small amount of money you receive from Workers Compensation, I just wasn't able to make ends meet. I now have cut 100% of all “stupid” expenses and have begun a serious savings account. I now have 3 months of my monthly expenses safely tucked away…I will never let this happen to me again.”

You know, many times when I am talking to people they actually say that going through bankruptcy was the best thing that ever happened to them. I believe it…really I do.

Begin your life after bankruptcy today, with a totally new lease on life!

Subscribe to credit is keys phenomenal 7 lesson series that is sure to get you on the fast track to credit restoration, life after bankruptcy. Simply click the link and begin your life after bankruptcy.

Article source: Expert Articles

Most Recent Articles in Bankruptcy category

  • How to Avoid Bankruptcy - By: Justin Narin
    Bankruptcy offers some people a clean slate, it is by no means an easy solution. Bankruptcy will destroy your credit and may possibly force you to sell your assets. If you want to preserve your credit, you will be much better off if you do whatever you can to avoid bankruptcy.
  • Make Filing for Bankruptcy a Last Resort - By: Lee Bell
    There are 2 main types of bankruptcy. If you can't avoid bankruptcy, determine between Chapter 7 and Chapter 13.
  • Life after bankruptcy is not so difficult - By: Jason Holmes
    "Avoid bankruptcy" is the most common phrase; we come across in our everyday life. There are several disadvantages of bankruptcy. But if you are bankrupt, it is not very difficult to swim out of the situation.
  • Achieving Financial Security in an Unreliable Economy - By: Mohan Mittal
    Financial Security is a false concept that developed in American society based on the idea that security comes from the perceived reliability of a regular or planned paycheck. Many people, believing in the commitment of their corporations to their well-being, have found themselves downsized, layed-off, outsourced, transferred, or, in some cases, even fired. The immediate reality becomes harshly apparent and sadly disappointing.
  • Bankruptcy - Is it the Last Option Only? - By: Michael Killian
    Bankruptcy is available when all other debt payment measures have failed and the unpaid debt is simply beyond the means of the consumer to repay. It is essential, then, to understand debt options prior to bankruptcy and to determine which debt repayment method is the least detrimental. Additionally it is the law of the land that you know your debt repayment options prior to bankruptcy.
  • It’s Official; We Are Now A Bankrupt Society? - By: Stephen Morgan
    The Government’s Insolvency Service claimed that 27,644 people were either made bankrupt or entered into an Individual Voluntary Arrangement (IVA) as a way to control or manage their debts in an ordered fashion.It was too early obviously to know how big a percentage of those who entered into an IVA had it failed by their manager or supervisor but it has been claimed previously that in some cases up to 50/60 percent of those entering an IVA fail to complete it in an orderly manner and therefore find themselves being made forcibly bankrupt at a later date.The other key statistic was that insolvencies were apparently 55% higher than during the comparable period this time last year and the smart money (to spoil the metaphor) is on the figure topping the 100,000 mark for the year.
  • Considerations Before Filing Bankruptcy - By: Jon Arnold
    Financial difficulties can occur in anyone’s life. When you think financial difficulties are more than you can handle, don’t let bankruptcy become your first thought. Bankruptcy should be considered as a last resort, not just the first thing that pops into your head when the going gets tough.
  • People on Benefits No Longer Eligible for an IVA - By: Diana Middleton
    The BBC has reported that people on UK state benefits will no longer be given an option of taking out an IVA to help pay off their debts.In an IVA or Individual Voluntary Arrangement people negotiate a repayment plan with their creditors with an Insolvency Practitioner acting on their behalf. Up to 80% of their debt is written off and interest on debt is frozen.
  • How Do Bankruptcy Loans' Requirements Work? - By: Kate Ross
    Bankruptcy loan’s qualification is not an easy task. You need to overcome serious lender’s wariness about your ability and disposition for repaying the loan you are requesting. At this stage, you need to make no mistakes, your behavior has to be stainless and you need to show the lender that the past problems that led you to bankruptcy exist no more.
  • Bankruptcy Can Be Used As An Opportunity To Start Over And Reset Your Financial Goals - By: Jon Hansen
    Bankruptcy is the last resort that neither the borrower nor the creditor wishes to meet. The impact of this to both sides is negative and long-lasting. Once you are bankrupt, it will remain on your credit report for many years, making it difficult to get any loan, insurance, or a job.