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Recovery After Bankruptcy Atlanta, GA

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Client Reviews

Recovery After Bankruptcy

a gavel over a pile of banknotes

Bankruptcy is a painful process and can make you doubt you will ever get back on your feet. While bankruptcy is something that should always be considered the last resort, there are times when it is the best decision to make. The good news is that there is life after bankruptcy. Here are some steps to take as you begin to rebuild after bankruptcy.

Know Where You Stand

If you file Chapter 7, check your credit reports 3-4 months after your bankruptcy is discharged. Look for any inaccuracies and have them corrected. Be sure to request reports from all three credit bureaus. You are entitled to a free credit report from all three bureaus, Experian, Equifax and TransUnion, each year. Make sure all the credit accounts covered in the bankruptcy are labeled as discharged and have no outstanding balances.

If you file Chapter 13, your bankruptcy will not be discharged until the end of your repayment period. In this case, check your credit 3-4 months after your bankruptcy filing. Again, look for mistakes in your credit report and have any errors corrected. Also, check your credit score when you check your credit reports.

Avoid Repeating History

No one sets out with the plan of filing for bankruptcy protection, but sometimes circumstances make it a necessity. After bankruptcy, work with a credit counselor to learn how to set up a budget, evaluate your spending and saving habits and develop a long-term credit rebuilding plan. Once your budget is in place, consider taking out a small loan through your local credit union called a credit builder loan. These loans are typically around $1000.

This loan is placed in a savings account where it will earn interest but cannot be withdrawn until the loan is repaid. When the loan is repaid, you can then withdraw the money, possibly with some of the accrued interest. Make sure you pay each installment payment on time. These payments will be reflected on your credit report, helping raise your credit score.

It may seem bleak when you first file for bankruptcy protection, but there is life after bankruptcy. By using the bankruptcy as a learning tool and as a fresh start, you can soon be on your way to a brighter future.

If you are considering bankruptcy but are unsure of your next steps, call the offices of Gingold & Gingold today at (404) 685-8800 to schedule your free consultation.

Posted on behalf of Gingold & Gingold

1718 Peachtree St NW, #385
Atlanta, GA 30309

Phone: (404) 685-8800

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    Our Client Reviews

    Gingold & Gingold LLC
    5.0 / 5.0

    Based on 28 reviews

    Jack L.

    They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

    All C.

    Mr. Gingold was recommended by an attorney I had worked with previously. I met with Ira Gingold to discuss credit issues. He went over each specific issue thoroughly. He advised me of the potential outcomes. He did all this in one meeting for a very reasonable price. When we finished I was confident in moving forward with a resolution. He definitely wants to help people take the appropriate course of action for their circumstance.

    Karen B.

    Dear Mr Gingold, There are so many reasons to be thankful for all you have done and will do. Anyone who has ever had unfavorable experiences with an attorney or the legal system will feel the trepidation that I experienced once I realized that my situation seemed hopeless. It was by chance and happily good luck that I decided to put my future and sanity into your hands. I was mortified at having to deal with my debts by claiming bankruptcy. I remember in our first meeting how you assured me that I was not alone and should not feel ashamed. And, anyone in this position obviously does not have money to spare and you were clear about all the costs and allowing me to pay according to my own ability to do so. You advised me in all aspects of the law, but also, you were at each meeting incredibly supportive and complementary of my personal and professional plans. Anyone else in this situation should feel blessed to have access to your expertise and support.

    Lyla B.

    I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

    Julie T.

    Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

    Sherard W.

    I cannot say enough about this law firm. From the initial consultation to our discharge, the entire office kept me updated with every step of the entire process. I came to the Gingold after a bad experience with another law firm. Ira and Jamie immediately began treating me like family through this experience. In the end, they assisted with eliminating many debts including my 2nd mortgage. I cannot say enough about the experience and knowledge that Ira brought to the table from the office visits to the court time. Thank you very much for helping me through this tough time. Thank you.

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