Turn a Bankruptcy in Your Favor

No one looks forward to having to file for bankruptcy, but with the help of a good lawyer, it’s certainly possible to come out the other side better prepared for the future than before. Before hiring a bankruptcy lawyer, however, make sure you have all your records gathered together in one place. There will be a lot of paperwork to file, and everything you claim has to be proven.

Once you have everything in place and have hired a bankruptcy lawyer, they will advise you on which type of bankruptcy to file. Whether you choose Chapter 7 or Chapter 13, here are some tips to help make the most of your situation.

Bankruptcy protection will prevent any creditors from harassing you, which is both a blessing and a curse. It’s definitely less stressful to not be bothered so often by creditors, but unfortunately this can also be a temptation to spend more. During bankruptcy proceedings, it’s best to completely avoid spending on credit, but if you absolutely must, contact your attorney first. There are definitely essential things that require credit purchases sometimes, but you don’t want the bankruptcy trustee to think you’re intentionally building up your debts, just to try to discharge them later. Spending habits will have to change anyway, so why not start right now?

Sometimes bankruptcy is unavoidable, and there was nothing you did to cause it. Sometimes, though, it can be as a result of expensive habits like excessive shopping or gambling, and other forms of living beyond your means. Many times it’s something as simple as not having a planned-out budget. It’s a worthwhile endeavor to get a partner involved, or to have a financial planner take a look at your finances, to help you live within your means and put some money into savings each month. Not only will this help you get out of bankruptcy successfully, but it will set you up for future success.

Society still places a large stigma on bankruptcy filings, so you may find it hard to cope with societal pressure, or even personal pressure. If this is the case, you should look into a bankruptcy counselor. They are specifically trained to help with the adjustment back into financial independence after a bankruptcy filing.

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Bond & Botes Law Offices

At Bond & Botes, we now offer full service bankruptcy consultation and filing over the phone or by video from the comfort and safety of your home or office. Please call 1-877-581-3396 or click here to setup your free phone or video consultation.

The lawyers at the Bond & Botes affiliated offices serve clients at offices in Anniston, Birmingham, Mobile, Montgomery, Opelika, Decatur, Huntsville, Florence, Haleyville and Gadsden, Alabama; Vicksburg, Hattiesburg and Jackson, Mississippi. Read our disclaimer here. You can view our Privacy Policy here.

Alabama Offices

Birmingham

2107 5th Avenue North
Age-Herald Building
Birmingham, Alabama 35203
Phone: (205) 802-2200


Shelby County Location
15 Southlake Lane, Ste 140
Birmingham, AL 35244
Phone: (205) 802-2200


Florence Location
121 S. Court Street
Florence, AL 35630
Phone: (256) 760-1010


Huntsville Location
225 Pratt Avenue NE
Huntsville, AL 35801
Phone: (256) 539-9899


Montgomery Location
311 Catoma Street
Montgomery, AL 36104
Phone: (334) 264-3363


Decatur Location
605 Bank Street
Decatur, AL 35601
Phone: (256) 355-2447


Haleyville Location
914 19th St.
Haleyville, AL 35565
Phone: (205) 486-3580


Gadsden Location
430-B Chestnut Street
Gadsden, AL 35901
Phone: (256) 485-0195


Opelika Location
216 South 8th Street
Opelika 36801
Phone: (334) 887-7666


Anniston Location
1302 Noble St #2C
Anniston, AL 36201
Phone: (256) 344-3559


Cullman Location
200 Second Avenue SW
Cullman, AL 35055
Phone: (256) 739-9866


Mississippi Offices

Jackson Location
5760 I-55 North, Ste 100
Jackson, MS 39211
Phone: (601) 353-5000


Hattiesburg Location
607 Corinne St, Ste B8
Hattiesburg, MS 39401
Phone: (601) 264-7200


Vicksburg Location
1212 Farmer Street
Vicksburg, MS 39180
Phone: (601) 353-5000

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