Last updated 1 year ago
If you have already gone through your bankruptcy process, whether with Chapter 7 or Chapter 13, then you will be faced with the task of rebuilding your credit and staying out of debt. Here are four basic tactics for staying out of debt after the bankruptcy process.
1. Control Your Spending
To get the fresh start you desire after Chapter 7 or Chapter 13 bankruptcy, you must control your spending. Monitoring what you purchase and making sure it is necessary and within your means is crucial to staying out of debt. This may be difficult depending on the circumstances, but it is well worth the effort.
2. Make a Budget
The best way to gain control over your spending is by creating a budget. A budget will help you stay on track with your finances, allocate your money for things you need, as well as help you to purchase only the things that will actually make you happy. It can function like a contract to yourself, ensuring the execution of only planned purchases.
3. Build Up Savings
This may seem like a difficult task after you have just declared bankruptcy, but it does not take a lot to make more money. Using the compounding interest of a savings account or bond can help you build your savings by simply placing the small amount of money you have into savings and letting it grow. This will ensure that you have a monetary safety net for debt relief.
4. Rebuild Your Credit
Rebuilding your credit is crucial in staying out of debt. Borrowing on your post-bankruptcy credit can lead to high interest and cause you to need further debt relief. Be patient, and make sure to use safe methods of attaining and rebuilding your credit after your bankruptcy appeal, such as a secured credit card.
For more help in finding debt relief, filing Chapter 13 or Chapter 7 bankruptcy appeals, or tips for reestablishing your credit, call David Pinkston at Pinkston and Pinkston, P.A. at (888) 592-0158. Our professional law firm staff will help you start again.
Last updated 1 year ago
We are back to bust another myth about bankruptcy!
Myth: Everyone will know and be able to tell I filed for bankruptcy.
False: U.S. Bankruptcy Court records are public records, but unless someone is really looking for your information, people not going to uncover your bankruptcy filing. In these tough economic times you probably know someone who has filed for bankruptcy, and just don't know it.
Some very famous people throughout history have filed for bankruptcy:
-Abraham Lincoln- 16th President of the United States
- Walt Disney- Oscar - winning film producer, animation & theme park pioneer (1923)
-Donald Trump- billionaire entrepreneur
Article Source: http://EzineArticles.com/3362487
If you have questions about bankruptcy, contact David Pinkston at Pinkston and Pinkston, P.A.. We offer pre-bankruptcy counseling and always consider bankruptcy alternatives. Call us at (888) 592-0158 for more information!
Last updated 1 year ago
You may have been struggling with debt for a long time before considering bankruptcy, and a bankruptcy lawyer may seem financially out of reach. However, filing without a lawyer could seriously jeopardize the effectiveness of your appeal. Hiring an experienced law firm is important to ensure that you know about all of your options and the assets that can be secured. Watch this video to learn some major reasons for hiring a bankruptcy lawyer, as well as some pitfalls you may face without one.
For more help and information on filing Chapter 7 or Chapter 13 bankruptcy, call David Pinkston at Pinkston and Pinkston, P.A. at (888) 592-0158.
Disclaimer:
The materials available at this website are for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. Use and access to this website or any of the links contained within the site do not create an attorney-client relationship. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney.
Last updated 1 year ago
If you are deciding whether or not to hire a bankruptcy law firm to help you in your bankruptcy appeal, then there are a few things you should consider. Whether you are planning to file for Chapter 13 or Chapter 7 bankruptcy, using a bankruptcy law firm is a necessity to ensure a successful outcome. Here are some of the advantages of filing a bankruptcy appeal with a law firm:
Protection from Creditor Harassment
It is still possible for your creditors to contact you after you have retained a lawyer, but there are a few things your law firm can do to get this to stop. First, you can have your creditors contact your lawyer instead of you. If they continue to harass you, then your lawyer can make a legal move to cease these actions, which will save you a lot of stress in your difficult time.
Help Navigating the Legal Process
Bankruptcy laws are confusing and hard for those without experience to navigate. There are many different people you must stay in contact with, and you must piece together every bit of information. In addition, there are multiple types of bankruptcy, all with different restrictions. Anything you say or do can lead to unexpected future consequences. It is wise to hire a lawyer whose job it is to deal with this process, in order to ensure that your appeal is granted.
Proper Completion of Paperwork
The paperwork involved in filing bankruptcy appeals is confusing and lengthy. If you fill something out wrong, then you may have to start all over, and possibly be barred from bankruptcy appeals for a period. It is important to have a knowledgeable law firm that can help you with this difficult process.
For more information about bankruptcy appeals call (888) 592-0158 and speak to David Pinkston at Pinkston and Pinkston, P.A.
Disclaimer:
The materials available at this website are for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. Use and access to this website or any of the links contained within the site do not create an attorney-client relationship. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney.
Last updated 2 years ago
David Pinkston and his daughter Madison are prepared to “Never Quit” at the third annual Never Quit Beach Fest at the Sea Walk Pavilion this weekend May 20th-21st. The mission of the “Never Quit” event is to help educate the community on making healthy life choices and to encourage people to live their life to the fullest. The event was inspired by Capt. Gerard Petroni, and the Navy Seals are large contributors to the event. The Navy Seals will be doing an air and ocean demonstration, the Seals Leap Frog parachute team will be jumping into the event, and there will also be a helicopter/jet fly over.
David Pinkston and his daughter will be running the 5K race together, and participating in the the Navy Seals Fitness Challenge. The Navy Seals Fitness Challenge includes timing different swimming strokes, push-ups, sit-ups, and a 1.5 mile run. There are several other family friendly events happening throughout the day that do not involve racing or physical challenges including an Aloha Festival, awards, and a band on the beach. Bring the family down to the beach and cheer on David, his daughter, and all of the other participants at this Jacksonville event.
David Pinkston is a long time Jacksonville resident, and is committed to helping members of the community with any of their bankruptcy issues. Pinkston and Pinkston, P.A. takes the time and effort to understand each client's particular financial situation so that we can consider all available options for dealing with debt. Pinkston and Pinkston are prepared to “Never Quit” working hard for you.
