Build A Strong Financial Future
Historically, many people have viewed filing for bankruptcy as a sign that they couldn’t find financial success. It is important to remember, however, that the Bankruptcy Code was designed specifically to help people who find themselves endlessly battling a mountain of debt. Seeking financial security through bankruptcy is an acceptable solution.
Even people who come to terms with filing bankruptcy can often feel confused and frustrated by what will happen after the debt is discharged. At the Law Office of Chad M Sherwood, LLC, we are fond of encouraging our clients to see the situation in a positive light — a way to learn from the past and develop a strong future. Here are a couple things to keep in mind after a bankruptcy.
- Create a savings account. Often savings cannot account for financial emergencies such as medical problems, job loss or unforeseen home repairs, but having a small cushion in your bank account can help with unexpected costs — giving you the ability to avoid adding to credit card debt.
- Stick to a budget. Truly understanding your debt-to-income ratio is the first key to gaining financial security. It is helpful to actually put the numbers on paper — either through a computer program or a legal pad — money coming in versus money going out. By limiting frivolous expenses, you can work to build a savings.
These are only a few tips that we can offer right now. By working with a knowledgeable bankruptcy lawyer, you have access to our insight and experience.
Bankruptcy Done The Right Way
In the Atlantic City area, schedule a free consultation at the Law Office of Chad M Sherwood, LLC. You will deal directly with our bankruptcy attorney from start to finish in your bankruptcy case. We can explain your options and help you determine the best course of action for your unique situation. Call us at 609-241-9377, 866-261-2421 toll free or complete our convenient online contact form.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.