Life after Bankruptcy in Dupage County

Dupage County Bankruptcy Lawyer

Life does go on after bankruptcy. In fact, it can bring a fresh, new start and a brighter financial future. It can turn your life around, eliminating debt, stopping foreclosure, and ending creditor harassment. At the Law Office of Joseph P. Doyle, we have helped many clients restore their credit after bankruptcy. Our experienced Dupage County bankruptcy lawyers know the right actions to take. We offer a free initial consultation to discuss your options, and to help you rebuild your future.

Life after Bankruptcy: Rebuilding Credit

It is common myth that filing Chapter 7 or Chapter 13 will permanently destroy your credit. In actual fact, many people receive credit offers very soon after their cases conclude. Chapter 7 can permanently discharge a portion of your debt, improving your debt to income ratio. Although bankruptcy can stay on your credit report for up to 10 years, you could see competitive financing in as little as 2, depending on several factors, primarily how you have managed your finances subsequent to bankruptcy, as well as your income. Our knowledgeable Dupage County bankruptcy attorneys will help you understand how to rebuild your credit.

Positive Steps after Bankruptcy

After filing for bankruptcy, you can take action in the right direction. The 3 basic components of a better financial future are budgeting, saving, and rebuilding credit. The first step in creating a budget is to list out your income and living expenses. You may find that there are areas where you can save, and unnecessary expenses you can eliminate. You can open a savings account and put money away on a regular basis for protection against emergencies. You will receive credit offers after your bankruptcy. Bear in mind that it is important to rebuild credit carefully. Only spend money you have, and pay your bills as quickly as possible.

Contact our firm for professional legal guidance before, during, and after bankruptcy.