If your bills are piling up and you are running out of ways to settle all your debts, then filing for bankruptcy may be your best choice to get that needed fresh start. Admitting to yourself that you are truly in debt is hard. Like your current situation wasn’t difficult enough, now you’re faced with an entire bankruptcy process!! Settling all your debts and going through this procedure won’t actually be as difficult as you think, if you have the right help that you need — Richard Hackerman, a Baltimore bankruptcy attorney.
Filing for bankruptcy may seem like a scary and difficult process for many, yes, but it doesn’t have to be. With Richard Hackerman, you will be well taken care of and will be guided every step of the way. To help you understand it better, here are the three biggest lessons that bankruptcy survivors learned from their filing for bankruptcy experiences:
1. Everything is up to you.
Full acceptance and admission of your situation and even shortcomings is important for you to finally move forward. If you keep on denying the mess that you are currently in, your debts will only grow even more and bouncing back would be harder. If only you dealt with it right away, you wouldn’t be in this situation to begin with.
Accepting your situation and mustering the courage to finally ask for help and file for bankruptcy is only the first step. Actually saving yourself and bouncing back from bankruptcy involves a lot of discipline and dedication on your end. Your Baltimore bankruptcy attorney will help you with your court procedures and give you a few tips, but without a strong desire to really change, all the effort put in will all go to waste. You may have all the help, resources, and knowledge to move forward, but without the determination to make it work, your future is bleak.
You see, you have to take your budget and finances seriously. One rule of thumb when it comes to bankruptcy, is to spend only what you can and only on what you need. Your financial habits will not change overnight but you have to try and do your best to hold back. You can opt to use budget tracking apps so that you can track your expenses and spending habits. This way, you have a record to refer to and you can also adjust your spending accordingly. You may not be used to it, but this little sacrifice will help you recover from this financial setback.
2. You won’t start from zero.
You will not lose everything after filing for bankruptcy. Get rid of that misconception that your home, savings, and assets will all be taken away from you. In most cases, especially in Chapter 7 bankruptcy, you will be able to keep a lot more of what you own than you think. Your Baltimore bankruptcy attorney will help you out every step of the way so that you can settle all your debts in the most convenient way possible, and that includes keeping some or most of your personal properties in the process.
3. The results will be better than you think.
Bankruptcy is not the end of the world! Filing for bankruptcy has real consequences and concerns but you will not be totally financially destroyed when the dust settles. You will have a fresh start, you will learn from your experience, and you will become better. Be honest with your efforts, break those spending habits, stick to a budget, and spend strategically. With a lot of hard work and dedication to overcome bankruptcy, you will find yourself in a better situation, even just a few years after all the financial hardships you went through.
When you find yourself in a financial situation that you cannot handle on your own, Contact Richard Hackerman, your Baltimore bankruptcy attorney, at 410-243-8800! You deserve a better life than being in debt, call for help and have the chance to start anew.