Beyond Filing: Learn Essential Tips to Following After You Have Filed for Bankruptcy in California

It could be difficult for you to picture life after bankruptcy if you’re still in the contemplative stage of the process. The reality is that you will recover from it. Law Offices of Terrence Fantauzzi wants to support you all the way through the process. Even after the bankruptcy, we are available to help you decide which type of bankruptcy is best for you. That’s why we’re giving you three pieces of advice to keep in mind after filing for bankruptcy.

Get a Fresh Credit Report Several Months After Your Bankruptcy

Get a new credit report two months after your bankruptcy has been discharged. Any creditor who was involved in your bankruptcy should now be reporting that you have no debt or that your account is closed. You must write to the credit reporting agency if you notice any inaccurate information. Provide details such as your discharge order. They then have 30 days to confirm that it is accurate and request that the creditor delete it from your report.

You should also get in touch with the creditor directly. Do this in writing. The goal is to ensure that they comprehend, won’t continue to submit false information, and won’t begin making collections against you. You might potentially sue the creditor in court and hold them liable for damages if they don’t take the appropriate steps to remove the mistakes from your credit report; however, the reporting agency should do it.

Rebuild Your Credit Score

You can anticipate receiving numerous post-bankruptcy offers from credit card firms once your bankruptcy is resolved. You can obtain a new card and use it for modest expenditures as long as you remember to pay it back each month. Another effective strategy to repair your credit is to finance a vehicle. If you want to lower your interest rate, you can add a cosigner. People have been approved for a home as soon as two years after declaring bankruptcy.

Make Sure to Live Within Your Means

The majority of clients we work with at Law Offices of Terrence Fantauzzi have been unexpectedly confronted by problems like medical debt, poor real estate investments, or unemployment, leaving them with no choice but to file for bankruptcy. After filing for bankruptcy, it’s necessary to make a budget that includes information on savings, emergencies, and retirement. Then make an effort to adhere to the budget each month.

Law Offices of Terrence Fantauzzi should be your next point of contact if you’re thinking about filing for bankruptcy. We can assist you in navigating the bankruptcy process and provide a free consultation. No matter how bad things seem right now, things will get better. We can assist you in locating a long-term fix. Get in touch with us right away by calling (909) 552-1238.

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