Freirie and Gonzalez, P.A.


(305) 826-1774



What is bankruptcy? A legal procedure called bankruptcy determines your inability to pay your obligations. It is a significant decision to file for bankruptcy. In most cases, neither the choice nor the circumstances that lead to it are enjoyable. Whether it’s the result of a job loss, an expensive medical procedure, or just general overspending, being in excessive debt may be a significant source of stress for you and your family and can evoke many emotions. There are many ways to deal with the emotional stress of bankruptcy. Your life after bankruptcy will transform. You can hopefully prevent it from happening to you again by conducting yourself a little differently after declaring insolvency.


No matter how you got there, the best way to treat bankruptcy is as an opportunity for a new beginning. You will have an excellent opportunity to make the necessary effort to get your life back on track.


Key Tips for Life After Bankruptcy

You were afraid to declare bankruptcy. Even if you tried to avoid it, you still had to file a case. There are many things you should not do while filing for bankruptcy, but there are also many things you should do. So, what actions may you take to succeed financially after declaring bankruptcy? Below are seven tips for making it through it.

Don’t spend more than you make

The most crucial action you can take in your life after bankruptcy is to change your general financial behavior. Spending less than you make must be your primary goal. You will ultimately find yourself back on the verge of collapse if you immediately start spending all or even more than you earn each month. Although unexpected circumstances can throw a wrench in your plans, if you focus on spending less than you make, you’ll be able to accumulate an emergency fund to see you through challenging times when they arise.

Create a budget plan

It will be challenging to improve your financial situation if you don’t understand how you spend and can’t create a realistic budget for your monthly expenses. For the overall household income, create a budget plan and note down everything you buy or spend money on. Write it down and check it once a month. Many people are unaware of where their money goes. Over a month, twenty dollars here and there build up to a lot. You must, without a doubt, be aware of where your money is going.

A girl with a pen and notebook in her hands

Create a budget plan and check it once a month. You need to be aware of where your money is going.

You can find various ways to save in every possible situation. For example, if you are moving to a new home, you can do it on a budget. Make a budget plan to see how you can save money in this instance. You must determine your available funds before starting the moving process. Check your savings account to establish how much you can set aside for moving-related expenses. Then, write down which services you absolutely must hire and what you can do yourself.

Make an emergency fund

If you lose your job or experience other unexpected financial obligations, having an emergency fund can help you avoid a catastrophic outcome that pulls you back into debt. You should open this type of savings account as soon as possible, even if you only have a small amount to contribute regularly.

A hand putting a coin in a piggy bank as a symbol of life after bankruptcy

Saving even a small amount every month could be helpful if an emergency arises.

Put your savings away, and don’t think about them again unless you need them. A fantastic strategy to handle this is to have a separate savings account that isn’t simple to get to. Saving even a small amount every week or month will pile up more quickly than you might believe and could be helpful if an emergency arises.

Finding a new house

Finding a home may be difficult after declaring bankruptcy which has lowered your credit rating. In other words, you are viewed by others as a greater threat. Therefore, be ready to pay a higher cost if you’re trying to rent a new flat. Yes, this is frustrating, but it’s essential to understand that creditors try to protect themselves from a potential lack of payment.


Do your research before you take the first step. Moving might also be costly. Professionals from suggest decluttering your home to reduce the cost of your move and pack everything yourself. You can also find moving boxes for free and use items you already have for packing.

Pay bills regularly

Your credit score will be negatively impacted if you frequently pay recurring expenses like late telephone bills. These late payments are frequently reported to credit agencies. Your goal should always be to pay your bills on time.


If you keep a house or vehicle and there are still payments owed for it, make sure that you make the installments on or before the due date, no matter what. Be as careful as possible to avoid “riding” the payment until the late charge deadline. Every month, you establish a fresh credit history. You must understand that there are also benefits to filing for bankruptcy, and of course, there is life after bankruptcy.

Avoid new credit card offers

Ignore junk mail with credit card offers for at least the first six months. Recognize there is no risk of returning to financial captivity if you refrain from utilizing the “debt monster” known as credit cards.

A man holds a blue credit card in his hand

There is no risk of returning to financial captivity if you refrain from utilizing the “debt monster” known as credit cards.

Nobody needs to know

When filing for bankruptcy, many people have feelings of shame about their financial status. However, there’s often no need to feel ashamed, particularly when it comes to situations involving medical expenses and job loss. Life goes on. The excellent news is that handling your money is your concern. There is no need for your friends, family, and coworkers to know. You can keep it a secret.



Whatever caused your insolvency, it’s essential to underline that the past is behind you and indicate what efforts you’re taking to repair your credit and create a more promising future. Of course, there is life after bankruptcy. The fresh start bankruptcy affords you is the ideal opportunity to implement the seven tips above to strengthen your financial situation.


Freire & Gonzalez is an attorney’s office where the attorneys are involved with their clients from beginning to end. You, as the client, will not be passed off to secretaries or paralegals like at other bankruptcy law firms. The attorneys will meet with you, will return your phone calls, and will answer your questions. We provide services in English and Spanish.

Our lawyers will answer any bankruptcy questions you might have during the free consultation. To request a free consultation, please contact us at 305-826-1774. Please browse through our website, read our bankruptcy FAQand see if our firm can help you resolve your financial issues.  Contact Us at our locations:

Bankruptcy Lawyers Miami FL

Bankruptcy Lawyers Fort Myers FL

Bankruptcy Lawyers Hialeah Myers FL

Bankruptcy Lawyers Cincinnati OH

Bankruptcy Lawyers Blue Ash OH

Bankruptcy Lawyers Hyde Park OH

Bankruptcy Lawyers West Chester OH

Bankruptcy Lawyers Northern Kentucky

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