The Florida bankruptcy process can be a stressful time. You have to make sure you have all the right documents and information together, and you have to ensure you haven’t forgotten or overlooked any debts from years ago. Your lawyer is experienced, so he or she tries to make the process as painless as possible, but you may feel stressed out until you finally receive notification that the bankruptcy has been discharged. Now, you might not be sure what to expect when it’s all said and done, but it isn’t as bad as you might think.
Turn Over Assets
If you have assets in your estate, you may need to turn them over. When it comes to things like furniture you were making payments on, your creditors may not even bother to come and collect them. On the other hand, if you had a house listed as an asset and you need to turn it over, now is a good time to start preparing for the move. Don’t let it get you down, though. Just consider this to be one of the many fresh starts you can look forward to now that the bankruptcy is completed. If this happens to include changing your address, so be it. At least, you can find a home that you can afford now that you are out from under a pile of debt.
Increased Credit Offers
Bankruptcy means the end of your old debts, but it could mean the beginning of new ones. You should expect to get a lot of credit offers now, especially from credit card companies. They know you can’t file bankruptcy again anytime soon, so they are willing to extend credit to you knowing that your burdens are reduced, and you have a better chance of being able to pay your current bills. Although accepting credit offers will be part of establishing a positive credit rating, make sure you take your time and select only those that you can realistically handle.
Peace and Quiet
The phone will no longer ring off the hook with creditors trying to collect on old debts. You will actually be able to sit in your home and enjoy the silence. To make sure this happens, don’t forget to add yourself to the Do Not Call list so that telemarketers don’t start taking the place of creditors by calling you day and night to try and sell you something.
Bankruptcy opens a whole new world for you. You can make a budget and stick to it without having to worry about old debts that need to be paid off. This is your chance to use your credit wisely and start a new lease on life. Although debt issues and bankruptcy can be overwhelming and stressful, you’ll find a completely different outlook once the bankruptcy is discharged. You can rest assured that the worst is likely behind you.
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