I've often pondered how bankrupt individuals can go on to lead typical, happy lives. After losing everything, I had no notion how anyone could face life or their friends and family. I lost my property, automobile, and marriage. And to make matters worse, I was overweight by one hundred pounds.
I am about to tell you my story of overcoming bankruptcy and resuming a normal, happy existence.
Your situation is not identical to mine, so it is impossible to predict what your life will be like after bankruptcy. Everyone's debt, income, money management skills, and life experiences are distinct.
As a consequence of my experiences, however, I hope to inspire you to create a better future for yourself.
If you only understand one thing...
Don't forget this...
There is a future after bankruptcy.
Many individuals believe their lives are over if they have poor credit. This is false. Yes, living well with poor credit is more difficult than living well with excellent credit. But, you can still do it. It simply requires additional labor and effort.
If you choose to improve your existence, you can do so. You are the only person who can make this decision and then create this outcome. No one can do it in your place.
In retrospect, declaring bankruptcy was one of the most prudent financial decisions I've ever made. I realized that in order to progress forward in my life, I had to eliminate all of my debt from the past.
Choosing to file for bankruptcy and meeting with an attorney was one of the most difficult tasks I've ever had to do. I endured a great deal of mental distress and sleepless nights while attempting to avoid filing.
I eventually realized that no matter what I did, I had no choice but to file for bankruptcy.
I had exhausted every option for repaying my debt.
Life After Filing Bankruptcy
After filing for bankruptcy, my creditors immediately ceased calling for payment, and I was no longer afraid to answer the phone. My debt-related anxiety was gone. It was as if a heavy burden had been lifted from my shoulders, and I was able to breathe again.
The second step in beginning my new life after bankruptcy was overcoming the stigma associated with bankruptcy. I was devastated by the mental aspect of giving up and confessing I could not repay my debt.
In the past, I had always paid my debts in full.
As soon as the dust began to settle, I realized it wasn't as significant as I had initially believed. I realized that bankruptcy laws were in place to assist individuals like me who lacked the means to pay.
Reconstructing My Credit
After declaring bankruptcy, one of the first things I had to do was purchase a new automobile. I was able to purchase a car with a modest down payment. I made my monthly payments without fail.
I was unaware at the time that purchasing a vehicle was one of the best ways to begin restoring my credit. In hindsight, I can see how it significantly boosted my credit score.
I then obtained a secured credit card and charged only what I knew I could pay off each month.
I also started saving money and paying cash for the items I desired and required. I lived within my means and budget. This time around, I was not going to spend more than I earned.
The bankruptcy taught me about money and how to manage it more effectively.
Today, I have two vehicles, a beautiful residence, and a lovely girlfriend. I now weigh a healthy 160 pounds and am thoroughly relishing life.""
" - https://www.affordablecebu.com/
