What To Do After Bankruptcy
Most people that file for bankruptcy have never had to file before and when the court proceedings are all done, and the papers are all signed, the reality begins to set in. The house is taken away, the new car is gone, and some of the new property you had accumulated is gone. The lawyers like to refer to a bankruptcy as a second chance at life but obviously they never had to go through the after effects and figure out how to pick up the pieces after bankruptcy. While it certainly is not the bright and fresh start to a new life that he lawyers make it out to be life after bankruptcy is not all doom and gloom. You are given a chance to put the pieces back together the right way and one can only hope that the proper lessons were learned.
Get Back To Work
Sometimes the effect after bankruptcy is that you lose your job. This is not always the case but as your credit rating plummets your employer can release you from your job based on your credit rating. You cannot be let go because of a bankruptcy but it is a little difficult to have a bankruptcy be the only bad thing on your credit report. So after bankruptcy go get a job. Talk to employers and explain your situation and be honest with them. Honesty is all you have and a bankruptcy does not mean that you are necessarily an unreliable person. Just keep trying and eventually you will find someone that will listen.
The Roof Over Your Head
Probably the biggest shock to deal with after bankruptcy is losing your house. The home you put together with your own memories is gone. This is one of those situations where what's done is done and you need to move on. The toughest thing after bankruptcy is trying to find a place to live that won't judge you by your recent bankruptcy but be patient. Look at a lot of places and fill out a lot of applications. Be honest with the landlord and just explain your situation. Just like your job search honesty is all you have to offer people to offset a bankruptcy on your credit. So just be honest and hope for the best.
Chin Up
While all bankruptcies are not the result of bad money management many of them are. Whatever the situation that brought about your bankruptcy when you live life after bankruptcy it is important that you learned your lesson and take what you have learned with you so that you do not make the same mistakes, or allow the same situation to occur, in the future.
