Bankruptcy assistance can be a lifesaver, providing debt relief when you need it most. But what about life after bankruptcy? How do you move on financially and start anew? Greg Dunn, Bankruptcy Attorney, has answers to these questions and more. For more than 25 years, Attorney Dunn has provided bankruptcy assistance to clients throughout the Honolulu, Hawaii, area. Below, he shares three things to know about life post-bankruptcy.

Bankruptcy Assistance: 3 Things To Know About Life After Bankruptcy

1. You Should Start Reestablishing Credit As Soon As Possible

You've just had your debt discharged under Chapter 7 bankruptcy or reorganized under Chapter 13 bankruptcy, and the last thing you probably want to think about is getting more credit. However, one of the most important things you can do to start rebuilding your finances and creating a stronger financial future is to open new lines of credit. It may be difficult to do in the beginning, but a good start is a secure line of credit, in which you prepay a certain amount and then spend out of that fund.

2. Learn From The Past

The past is over, but the lessons it imparts can stick with you for your lifetime. Learn from your financial mistakes and set out on a more solid financial footing. Budget wisely, open a savings account, and carefully investigate and weigh options regarding every financial decision you make. Your "rehabilitation" just may make you a model citizen in the eyes of creditors, and you can start working toward the financial goals you've always wanted to attain.

3. Make A Notation On Your Credit Report

In some cases, bankruptcy is the result of unexpected misfortunes that can all but derail one's life. It's a little-known fact you can actually make a brief notation on your credit report that explains why you filed for bankruptcy. It has to be brief (100 words or less), but it may help when creditors conduct their searches on you.

Contact Greg Dunn, Bankruptcy Attorney, to see if bankruptcy assistance is the right solution for your financial situation. Call (808) 524-4529 or visit his website to schedule a consultation. You can also follow him on Facebook and Google+ to stay current on relevant news and information. See for yourself how bankruptcy can give you a fresh start and a clean financial slate to start working toward your dreams.