Our Albuquerque bankruptcy attorneys may give you a brighter look at your future.
Our Albuquerque bankruptcy attorneys sponsor educational efforts such as Total Bankruptcy because they strongly believe that it is their professional duty to inform consumers about what they need to build a bright financial future. As recognized Albuquerque bankruptcy attorneys, they may be respected for helping people in need to successfully file Chapter 7 and Chapter 13 cases. Our Albuquerque bankruptcy attorneys truly do believe, however, that a successful case is just the first step. They should also provide the help needed to ensure continuing success.
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Albuquerque
10749 Prospect NE Suite E Albuquerque, NM 87112 Map | Directions | Case Evaluation |
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At your free no-obligation consultation, our Albuquerque bankruptcy attorneys should explain to you why filing the appropriate type of bankruptcy case could be the best solution for everyone concerned. While it is true that your bankruptcy case may remain on your credit report for up to 10 years, it may also be equally important to realize that you may be able to start to reestablish your credit rating almost immediately.
When your case closes, our bankruptcy attorneys should give you a very clear and easy-to-understand set of case-closing rules. By carefully following these rules, you may be able to finance a home within two years after bankruptcy. Similarly, you may be able to finance a car immediately after your bankruptcy discharge. And, surprisingly, you probably will receive credit card solicitations within days of receiving a bankruptcy discharge.
Make sure you don't fall back into the same traps
You can start working on a brighter future as soon as your case is closed. By carefully following these simple steps you may be able to avoid facing enormous financial burdens again.
Step One -- Control your spending. After a discharge, you may have a new lease on life. It may be the perfect time to "clean up your act." In fact, a filing often brings so much relief that emotionally compulsive spending should subside on its own. In any event, our experienced lawyers may be able to give you tips and resources to keep your spending patterns in line.
Step 2 - Live within a budget. Budgeting takes discipline, but you may only need an hour to sit down and figure out a budget. Then, you have to live by it. You may get help from any number of sources. Our lawyers may be able to help you with the basics and point you in the right direction for more help.
Step 3 - Start a savings plan. When your debts are gone, you should be able to save each month, as long as you stick to your budget. Check into whether or not your employer has a 401K program. You may also have automatic deductions made from your paycheck.
Step 4 - Rebuild your credit. Maybe you think you may never want to borrow any money again or use credit cards. The reality is, borrowing money may be part of reestablishing your credit. If you start building a solid track record immediately after your bankruptcy, your credit rating may go up dramatically because credit rating formulas typically weigh your recent behavior most heavily.
Click Here For a Free Bankruptcy Evaluation
The purpose of this web site is to help you learn everything you need to know about bankruptcy, the process, your bankruptcy attorney and your legal rights. The best place to start is with the U.S. Bankruptcy Code. It delivers protection to people in financial jeopardy who are suffering under mountains of debt. Bankruptcy is your legal right.