Financial Stability After A Discharge

How To Plan For Financial Stability After Discharging Your Debt

After you have completed your bankruptcy proceedings, the next step is a proactive approach to your financial health.

One of the stipulations of filing for bankruptcy in Dallas is taking a financial management class, which teaches you how to budget properly and avoid future debt problems. This knowledge contributes to your financial skills, and keeps you from repeating the same mistakes as before.

Another strategy is to build your credit back, and it can begin with a low limit credit card, department store or gas card. This strategy reestablishes your credit and allows you to pay on time, and in full, every month.

Planning a monthly budget that allows for emergencies and saving will help to keep you secure should some eventuality present itself. Many people have come out of bankruptcy debt-free and able to move on with their lives in a positive manner.

You can do the same by obtaining legal advice and help on financial matters from our legal team. Our Dallas Debt Relief Lawyers know what you’ve been through and will make your transition to financial stability move more quickly. In addition, we can make suggestions that build your credit rating. We’re more than another law firm, we’re on your side!

Contact Engel Law Group, P.S., to discover what steps to take following the discharge of your bankruptcy.