Personal Bankruptcy: Tips For Starting Over With A Clean Slate

Whatever led you to declare bankruptcy is probably very sad, but that doesn’t mean that you can’t have a better life after bankruptcy. The whole point is to wipe the slate clean and have a new chance at life. Continue ahead to learn how you can smooth out the bankruptcy process so it’s not a financial disaster.

If you are thinking about paying off your tax obligations with a credit card and then filing bankruptcy, think again. In many parts of the country, you cannot get this debt discharged, and in the end you will be left owing the IRS a big sum of money. One thing that you should remember is that if your tax is dischargable, your debt will also be dischargeable. So using your credit card to pay off your tax obligations, then filing for bankruptcy, can actually hurt you instead of help you.

Don’t be afraid to remind your lawyer about important aspects of your case. Never assume that they can remember all details without reminders. Speak up if something is troubling you, as this is your future we are talking about here.

No matter what, don’t give up! Once bankruptcy has been filed, you may be able to regain possession of items such as electronic goods or cars that were taken away from you. You should be able to get your possessions back if they have been taken away from you within 90 days before you filed for bankruptcy. A qualified bankruptcy attorney can walk you through the petition process.

Stay up to date with any new bankruptcy filing laws. Bankruptcy laws are in constant flux, so just because you knew the law last year doesn’t mean that the laws will be the same this year. To know what these changes are, go to your state’s website or contact the legislative offices.

As mentioned, the events that cause bankruptcy are not happy. It doesn’t have to be that way after bankruptcy. If you put the ideas you learned in this article into practice, you can write a whole new financial story and live happily ever after.

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