Now That Your Bankruptcy Is Complete, What Happens Next?
After you receive your bankruptcy discharge, you will have no further responsibility for those debts. For all intents and purposes, the debts are considered to be paid in full. Life after bankruptcy will be completely different than it was before.
It is important to know what to expect in the weeks and months following your bankruptcy discharge and to have a plan for follow-up on some key items. At Thompson Law Firm, in Chandler, Arizona, our lawyers provide comprehensive bankruptcy services to individuals and businesses across the Phoenix metro area. We are committed to your long-term financial health even after the bankruptcy process has ended.
Two Important Considerations After Bankruptcy
Consumer credit issues: After your bankruptcy, it is important to stay on top of your credit report to ensure that all of the debts discharged in the bankruptcy show a zero balance. If they don't, check with the reporting agency to have the error corrected.
Personal finance: Now that your debts have been discharged, your income-to-debt ratio will be much more attractive to creditors. Even though the bankruptcy will remain on your credit report, you will likely begin receiving credit offers in the mail. Be selective, but taking advantage of one or two of these offers can be a good way to begin rebuilding your credit.
Schedule a Free Consultation With an Attorney
Contact our office today to get your questions answered about bankruptcy's effect on consumer credit and other bankruptcy information. We offer a free one-hour consultation to all new clients. We are available during regular business hours from 8:30 a.m. to 5:30 p.m. Monday through Thursday, from 9 a.m. to 1 p.m. on Fridays and by appointment. You can reach us toll free at 800-584-1803 or via e-mail.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
