Recovering from Bankruptcy

Starting Over after Bankruptcy in San Diego

After your initial feeling of relief following a bankruptcy declaration, you may begin to have fears about the future. While you may understand and acknowledge the benefits of filing for bankruptcy, perhaps you worry that you will make the same mistakes you initially made and wind up in severe financial debt once again.

At Chang & Diamond, APC, our service to you is comprehensive. We represent your interests through every step of the bankruptcy process. That is why we provide sound legal counsel after you have declared bankruptcy. Contact our attorneys today.

A Formula for Better Credit

If you want to start over successfully after declaring bankruptcy, we believe that the best way is to begin establishing good credit to increase your credit score. Responsible saving and spending will help you achieve this. The formula is simple: since your credit is directly related to income and expenses, you need to increase your income and lower your expenses.

Increasing Income

While our bankruptcy attorneys are not career counselors, they do understand the need to increase your income. Whether you negotiate a higher wage at work, take on extra responsibilities, apply for a promotion, or seek a better-paying job, earning more will allow you to pay bills in a timely manner and not rely upon credit to make ends meet.

We advise our clients to never rely upon credit cards as an extension of income. To establish good credit once again, we advise clients to get a low line of credit and use such credit cards on an installment basis.

Lowering Expenses

The best way to avoid reliance on credit cards is to lower your monthly expenses. Create a budget that allows you to live within your means and avoid falling prey to banks and creditors. We have helped clients take the necessary steps to become financially responsible.

If you would like to discuss how our lawyers can help you emerge from bankruptcy, contact Chang & Diamond, APC, today and schedule a free initial consultation.