Life After Bankruptcy

There is a very thoughtful saying in the world of bankruptcy: “A St. Louis bankruptcy is not the end of life. It is the beginning.” It is a chance to pull yourself out from underneath the overwhelming debt you are currently dealing with. It is the opportunity to unshackle one’s self from the past, and move forward towards a better future.

But many people mistakenly believe that the filing of a St. Louis bankruptcy signals the end of their chances at ever regaining financial health. In reality, the exact opposite is true. Whether it is a St. Louis Chapter 7 or a St. Louis Chapter 13, the chances to rebuild your credit and live a more stress-free life are abundant.

For instance, after you receive a discharge of your debt, creditors are much more willing to extend you credit. The reason for this is simple: You just got all your old debt wiped out, so that must mean you are in a good position to make monthly payments on time.

A specific example of how this works would involve St. Louis credit card companies. Before you file for bankruptcy, they harass you with endless phone calls. But after those debts are discharged at the end of your case, they will typically offer new cards to you. Many of our clients will accept the offer to take out a new card, but only use it to make small purchases. By making sure that the monthly payments are made on time, their credit scores improve substantially over a short period.

The St. Louis bankruptcy attorneys at The Bankruptcy Company have helped guide many people towards a better life that does not include nasty creditor phones calls, the constant threat of being sued, or large amounts of debt. A Missouri bankruptcy or Illinois bankruptcy can and will free you from these burdens, and set you on a much better path.