Life After Bankruptcy

Cerritos Bankruptcy Attorney Helps You Prepare

After completing bankruptcy, many people feel confused or hesitant about rebuilding their credit. At the Law Office of Raymond J. Seo, we offer sound legal counsel from start to finish of each bankruptcy case and we can provide you with the answers you are seeking. Life after bankruptcy does not have to as challenging as some people assume, and in fact, you can use this time to practice healthy spending habits and increase your savings and credit score.

Steps for Regaining Control of Your Finances

Our Cerritos bankruptcy lawyer recommends following simple steps to regain control of your finances.

Create a Budget

Take the time to sit down and understand how much you spend, what your most necessary expenses are, your income, and how much money can be spent each month. When the budget has been made, stick to it!

Rebuild Credit

You want to rebuild your credit after bankruptcy, and the best way to do so is to get a credit card. Yes! A credit card! Get a card - even one with a high interest rate - and use it to buy groceries or gas. Pay the bill each month and start practicing good spending habits to repair your credit.

Pay Bills and Debts in a Timely Manner

Whether it is a credit card bill, a mortgage, or a car payment, pay your bills on time! Make a calendar that shows when bills are due and make sure that they are paid by their due dates. Paying bills will increase your credit score and help you become debt free.

Open a Bank Account or Savings Account

If you do not have a bank account already, it is important that you open one. If you already have a bank account, consider opening a savings account. Put a little money each month into savings and build a financial cushion to fall back on in case of emergency.

Spend in Cash

Try to spend in cash as much as possible. When you have cash, you know exactly how much you have at any given time. Use cash to purchase meals, clothes and other non-priority expenses. If you run out of cash, check your bank statement or pay with a credit card that you intend to pay off the same month.

Work with the attorney from the Law Office of Raymond J. Seo!

One of the best ways to ensure that you are staying on top of your finances is to work with the Law Office of Raymond J. Seo. At our firm, we can provide you with information on what to expect following the completion of your bankruptcy and how to move forward with your life.