Debt and Bankruptcy
Mortgages
Bankruptcy Law

What happens after bankruptcy?

User Avatar
Wiki User
June 30, 2011 8:43PM

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.


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.