Life After Bankruptcy

What happens after you filed for bankruptcy?

Most of the clients at The Law Offices of Marc G. Alster will feel a sense of relief right after they declare bankruptcy. As long as clients are forthright and candid with all of their financial information which they provide to Mr. Alster and to which they confirm with their sworn testimony when they sign their bankruptcy petition, Mr. Alster will know if there is anything about prospective clients’ bankruptcy cases which might become contested. Accordingly, most clients feel completely amazed and liberated when it finally hits them that they will no longer in debt well before they receive their perspective discharge order from the Bankruptcy Court. Many clients feel like the weight if the world has been lifted off their shoulders. In most cases, clients feel greatly relieved to have a solution to what seemed like an impossible situation.

After what could be months or even years of dealing with creditors endlessly calling at all times of day or night, it is an amazing relief to have peace returned to the home. At your consultation with or when you retain The Law Offices of Marc G. Alster, Mr. Alster will provide all clients with written instructions as to how to stop all/any creditors from continuing to continue to attempt to communicate with them; creditors are barred from attempting to communicate with debtors once they are informed that a debtor has retained. Many of Mr. Alster's clients realize for The First time just how much stress their creditors were causing them well before they receive their discharge order. In many cases, the financial stress was destroying marriages. Clients often tell Mr. Alster that the U.S. Bankruptcy Code's Discharge Order has given them not just a financial "fresh start" but the opportunity to peacefully continue with their lives. Many clients are thrilled to find that they now have more money to spend on the things that are truly important to their families, such as clothing and other vital necessities.

Speak with a Hackensack Bankruptcy Lawyer

Within a short period of time often several months or less clients usually begin to receive credit offers for secured and possibly- unsecured credit cards. Procuring secured or unsecured credit cards is major steps in helping clients reestablish a good credit rating with the 3 national credit bureaus, Trans Union, Experian and aquifer Fax; this can often be achieved by debtors within 1 to 2 years after receiving the Bankruptcy Court's Discharge Order (see the article in the bankruptcy specific section of our website entitled "How to Rebuild Your Credit").

The most important thing to realize is that filing for bankruptcy can often give debtors the ability to start a new financial life. Contact a Teaneck bankruptcy attorney from The Law Offices of Marc G. Alster today to learn more about how filing can help you.