You’re sinking in debt, ignoring calls from unknown numbers and falling asleep in fear that your car will be taken overnight. Then you’re thriving, with the house you’ve always dreamt of and the ability to afford your kids’ education.

How can one person experience such drastically different realities? Isn’t this too good to be true? No, it isn’t. As a Memphis bankruptcy lawyer, I’ve seen these kinds of transformations happen through bankruptcy. We keep in touch with many of our clients, and I have seen people heal in all aspects of their lives.

True financial freedom can be yours — if you want it badly enough. With determination, you can restore your credit rating and buy the house or car of your dreams. Try these strategies I’ve used with past clients as a Memphis bankruptcy lawyer.

1. Create a budget — and stick to it.

It’s impossible to get your finances in order without sticking to a budget. If you don’t keep track of your spending, your bank account balance will take you by surprise. You don’t want to file for bankruptcy only to have old habits drag you down. After all, this is a time when you should be rebuilding. Knowing how to budget can be daunting, so we’ve compiled some tips for getting started.

2. Get that credit rating in order.

Bankruptcy is a wonderful opportunity to rebuild your credit. One of the most common questions I hear is whether or not bankruptcy will ruin your credit. The truth is, if you’re filing for bankruptcy, you’re probably not in a good situation with your credit score to begin with. Through bankruptcy, you can reset.

After a Chapter 7 bankruptcy, you might find yourself inundated with offers for high-interest credit cards, which it is of the utmost importance to resist. We provide a free credit restoration program for our bankruptcy clients, 7 Steps to a 720.

3. Explore your options for buying a car or a home.

When it comes to buying either a car or a home, there are different options for folks who’ve filed bankruptcy, and you will need to find the one that makes sense for your situation and needs. For example, we’ve helped past clients find late-model low-mileage cars. With buying a home specifically, non-qualifying assumable loans have helped many past clients become homeowners. I’m a Memphis bankruptcy lawyer who is truly invested in my clients’ well-being, and I want to help you achieve your goals as much as I can.

Get Help From a Memphis Bankruptcy Lawyer

If you’d like to learn more about filing for and rebuilding after bankruptcy, I’m happy to discuss your options and answer your questions. Contact me today to discuss your situation for free. We also offer a free report on life after bankruptcy to help you start off your new life strong.