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You have finally received a discharge in your Chapter 7 or 13 bankruptcy. Great! You are on your way to financial freedom, but your work is not over. For starters, make sure to keep copies of your bankruptcy paperwork, which includes the petition, schedules, and order of discharge. If you do lose them, the court will have it on record but will cost you time and money to retrieve them. The reasoning to keep these records is because creditors have been known to try to collect debts that have already been discharged in the bankruptcy. If your creditors actually try this, make sure to contact your attorney or the appropriate authorities.
Second, check your credit report. Obtain a copy of your credit reports and make sure there are no errors or inconsistencies. Every debt discharged in your bankruptcy should be noted as “discharged in bankruptcy” or something similar. If a debt is still listed as owed, send a copy of your discharge to the credit-reporting agency along with the schedules that lists the debt.
Third, list the debts that did not get discharged i.e. student loans, family support, recent taxes. Make arrangements to pay non-dischargeable debts. There are payments plans and settlement opportunities you can take advantage of to get these debts under control.
Fourth, start rebuilding your credit. One of the easiest ways to improve your score is to make sure you pay bills on time. Also, set up reminder on your calendar to pay bills every month by the due date. Most banks offer services that allow you to make payments electronically. Car loans can also help you to rebuild your credit and are more readily available than other forms of credit after bankruptcy. However, stay within your limits and buy a car that you can afford.
Fifth, make sure to start saving. Set up a savings plan even if it is for a few dollars per pay period. You never know when there will be an emergency. Also, try to put money towards your retirement.
Lastly, update your will. Your financial situation has changed, and you want to make sure your will reflects the position you are currently in and what you want going forward. You may require an attorney to draft one for you.
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Client Review
"Benjamin Wright with Wright Law Office made a very difficult time for us much easier. We were struggling and did not know what our options were. He explained all our options and helped us to make the best financial decision. They made things easy and were always available to answer any questions we had. I would definitely recommend him."
Carlos Aguirre
Why should you hire our firm to represent you in bankruptcy?
Great question. Here are a few reasons:
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What our clients are saying…
Mr. Wright and his staff were amazing. They made a negative situation a lot better and turned it into a positive. Could really tell they care helping people and I will refer their Phoenix Bankruptcy Attorney firm to friends and family. Thanks again.
I called around looking for the right bankruptcy lawyer and came across Benjamin Wright. He personally called me for the consultation seeing how I live in Kingman AZ. He was very helpful from the start and his staff was very friendly and explained any questions I had, sorry for all the questions. I would definitely recommend Wright law offices, and I do!! Thanks for everything, you made what seemed like a hard thing to do simple!! You guys rock!!!
Great lawyer, he really helped my mother out of a jam. She was totally new to bankruptcy and he talked with us for about an hour and a half to make sure she wouldn’t be worried.
Ben is a kind and down to earth attorney. He worked around my busy schedule as a single mom (school, full-time job, and daycare pick up and drop off times). He explained absolutely everything to me and was good about e-mailing. I am writing this review as a THANK YOU.
I had a very positive experience with Attorney Wright. He or his staff returned my e-mails and calls promptly (even after business hours occasionally). His fees were reasonable. He was patient with me when I showed up in court missing an important document. He is aggressive, but fair and nice.
How does Chapter 13 bankruptcy work?
For individuals who maintain a steady income but are grappling with debts that need more time to be cleared, Chapter 13 bankruptcy could provide a viable solution. This form of bankruptcy enables debtors to retain their property while adhering to a three to five-year repayment plan. In Scottsdale, the bankruptcy attorneys at Wright Law Offices utilize their expertise in developing personalized Chapter 13 plans that are uniquely designed to suit your circumstances and work in your favor.
What role can a lawyer play in tackling credit card debt?
When credit card debt spirals beyond control, the feelings of isolation and stress can be daunting. However, with a knowledgeable lawyer by your side, the situation can be transformed significantly. Lawyers are experienced in negotiating with formidable credit card companies, often succeeding in achieving reduced interest rates or a minimized debt total. At Wright Law Offices, located in Phoenix, our committed legal team stands ready to help you take back control of your financial situation and direct you towards other potential debt relief avenues like bankruptcy.
What happens when foreclosure is knocking on my door?
The prospect of foreclosure can make it seem like your world is tumbling down. Yet, it's vital to remember that there are legal routes available to navigate this challenging situation. Foreclosure is a process initiated by lenders when mortgage payments are overdue, leading them to recover their loan by selling your property. While it sounds intimidating, our adept team at Wright Law Offices in Tempe is here to assist. We guide you through every step of the process, thoroughly exploring all viable options, such as loan modification, bankruptcy, or even contesting the foreclosure in court.
What is a tax debt lawyer's role?
Being in debt to the IRS can create enormous stress. However, a tax debt lawyer can intervene and significantly improve your situation. They're skilled in negotiating a viable payment plan with the IRS, striving to reduce the tax debt you owe, and in certain scenarios, even getting penalties and interest absolved. The proficient team of Scottsdale tax debt lawyers at Wright Law Offices is committed to helping you face this challenge with optimism. Leveraging our deep knowledge of tax law, we're dedicated to securing the best possible outcome for every client we represent.