If you filed for bankruptcy, completed your payment plan, and recently received a discharge from the Court, you may be wondering what to do next.
Understanding how to make wise financial decisions after your bankruptcy discharge is essential if you want to avoid financial hardship in the future. Here are five helpful tips on how to get yourself and your family back on top of your finances.
1.) Keep all of your bankruptcy paperwork in a safe place.
Once you receive your bankruptcy discharge, you should keep copies of your discharge papers, your bankruptcy petition, and your notice of filing in a locked desk drawer, filing cabinet, or safe.
Make sure to always have a hard copy and an electronic copy. If you received all of your paperwork in person, scan it into your computer, and save it to an external hard drive as well.
You need these documents so that future lenders (including mortgage loan companies) can see your detailed bankruptcy report. It’s also important to have these papers on hand in case an old creditor tries to comes after a debt that was discharged in your bankruptcy case.