Life After Bankruptcy

Guidance from Dallas-Ft. Worth-Austin-Houston Lawyers

The day after you discharge your debts and are done with bankruptcy proceedings, your finances are on the road to recovery. But your financial situation will not be in full health overnight, and there are potential pitfalls. When choosing a bankruptcy attorney, it is important to choose one who will give you guidance even after your bankruptcy is finished.

At Fears | Nachawati, we are proud of the comprehensive service we give to people throughout Texas. We do not merely file a few forms on your behalf and then leave you alone -- our attorneys are your partners in recovering from financial hardship, and that includes helping you prepare for life after bankruptcy. Contact us for our advice.

What Can You Do After Bankruptcy?

In theory, you can take out a loan for a house or car on the day you finish your bankruptcy proceedings. However, you will not get the best interest rates. Typically, a better idea is to work on rebuilding your credit for 6 months or so before making any major purchases.

After completing a Chapter 7 or Chapter 13 bankruptcy, you have of course paid off all your debt, so your debt-to-earnings ratio is zero. This will make you a target for many credit card offers. Tread carefully -- it is wise to open at least one line of credit and then pay it off regularly. But opening too many can start building up more debt than you can handle.

Contact Us

To get a lawyer on your side who will take the time to guide you through life after bankruptcy, contact Fears | Nachawati. We maintain office hours 6 days a week and can meet with you in the evenings or on weekends. Flexible payment plans are available.

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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.