There is life after bankruptcy At the time of the event you might feel somewhat desperate in terms of the things that you can do to improve your situation.
However the reality is that there is life after bankruptcy.
In fact you might end up being more successful than you were before the event happened.
You should try to peg your activities in a positive light to see what you can salvage out of your situation.
The system has been configured in such a way as to give people that much needed second chance to shine once more.
You should not forget the great things that you used to do.
There is definitely value in developing your skills in terms of financial management.
Life after bankruptcy is all about learning the lessons from your experience and being able to implement them in your daily life.
These are some of the things that you can do to rebuild your life: 1.
Find a new job or a new source of income.
This will take your mind off things and give you the new start in life that you need to progress in your life.
The job can also give you the income that will make it difficult for you to return to the bad old habits.
Normally people feel a sense of shame after a bankruptcy but in this instance they can rest assured that with a new job it will be a totally new beginning in their lives.
2.
Start making significant savings from your income.
The savings are meant to help you when you have problems that could lead to bankruptcy.
Rather than making an application for a chapter 7 or chapter 13, you can dip into your savings and resolve the financial problems that are troubling you.
3.
Write about the bankruptcy or share it with someone else.
This is a cathartic experience because it enables you to get things off your chest and hopefully progress onto a better future.
It might be that you are an intensely private person and do not wish to see others reading about your private affairs.
This is acceptable because you really have to find the most effective means of getting out of your current slumber.
There is no generic solution.
4.
If you are business ensure that you can rebuild your reputation.
That means that you can contact old customers and try to build bridges.
In the majority of cases you will find that people will be willing to give you customer if you have provided them with a good service in the past.
5.
Avoid the unsustainable debts that brought you to the old situation.
One of the temptations that will come your way is to start spending money that you do not have.
If you can, get rid of the credit card.
Try to remain disciplined and to live within your means.
6.
Take steps to improve your credit rating with lenders.
This might mean that you take out very small loans that you pay back in time.