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Can you restart a frozen pension after bankruptcy is discharged or does it become obsolete?
Wiki User
∙ 8y ago
I don't really understand your term "frozen pension." Was it not exempt from the bankruptcy proceedings? Or was it held until a ruling was made and then released when the bankruptcy was discharged?
Wiki User
∙ 8y ago
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The main upside to having to file for bankruptcy is that you essentially get a restart on your adult life-this is of course a financial restart but also, for many, an emotional restart. Financial upset and debt can be incredibly detrimental to the relationships of those close to the person in dire straits. Once you file for bankruptcy, you can begin to add to your savings, spend money on yourself rather than the never ending black hole of debt, and work to repair your credit. It is actually a time, despite how bleak it may seem, of possibility. Below is an article on life after bankruptcy that goes into more specific steps post filing.
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