Contrary to popular belief, bankruptcy is not the end. Rather, it is the beginning of a new life - a life free from the debt that has been plaguing your life for far too long. Many indebted individuals describe their lives after bankruptcy as much more fulfilling and enjoyable than the lives they were living prior to filing. The same could be true for you, and at Adams Law Group we are here to help you reach that goal.
After you've declared bankruptcy you will have a fresh start, free from the overwhelming burden of the debt that was previously weighing you down. During the initial months and years following your bankruptcy, it is often wise to act prudently in order to avoid finding yourself in a similar financial situation later down the line. Bankruptcy typically absolves you of the debt you owe; however there are a few exceptions that will remain your responsibility after the fact. Student loan payments, child support payments and alimony payments are debts that will remain under your name even after you've filed for bankruptcy. As such, you will be expected to continue paying for them.
With your bankruptcy filed and your other debts off the table, maintaining financial responsibilities such as those described above should be much more manageable. For some people, these finances serve as a good way to begin building a new system of financial management. It's no secret that with a bankruptcy comes a dip in your credit rating. This dip does not have to be worrisome, however, because it is only temporary and it will begin to improve as you work to rebuild your credit. Making good on your student loans is one way to do this. You can also apply for small credit cards with low credit lines to slowly rebuild your credit.
Adams Law Group represents individuals and commercial clients in bankruptcy proceedings. At the core of our practice, we believe in helping people. As such, we are committed to the clients we serve, whether they are facing bankruptcy, looking for alternatives or they would like to know more about what to expect after bankruptcy.
Stopping the creditor calls, the wage garnishments, the threatening mail and any of the other adversities you are facing as a debtor is only part of our overall focus. In addition, we are devoted to helping our clients recover from the bankruptcy process, whatever it may look like for them. Life after bankruptcy does not have to be scary, nor does it have to be done alone. At Adams Law Group, we can guide you through the process and make sure that you feel comfortable with the proceedings that follow your bankruptcy.