The first thing that you need to do when you are trying to
recover from bankruptcy is that you should yourself believe that this is not the
end but merely a new way for you to start. Apart from the fact that bankruptcy
can be financially really hard on you, to say the least, it can have some
adverse mental impact as well. The major reason for that is the fact that you
lose almost any and every possession that you have in order to pay your
creditors back. It is not also uncommon to feel loss, shame, and anger in such
circumstances.
Get your full credit report
In such situations it is always better if you get
your creditreports and make sure that everything is
fine. You need to do this once you have filed your bankruptcy papers and the
wheels have been set in motion for you to be declared bankrupt. With such a
step you are basically making sure that every little thing is in order. At
least, this will help you start building your life back up again. It is very
important to make sure that your bankruptcy status is reflected properly in
your credit report.
Realizing and accepting the faults
If you wish to get back on your feet from being bankrupt
then it is very important that you recognize the mistakes that you made with
your money and accept responsibility for whatever you could have controlled.
You can think of this particular stage as a program whereby you have entered
yourself in rehabilitation. The hardest part of all this is definitely
accepting any and everything that went wrong. You need to do this so that you
never make the same mistakes ever again. In case, it is your expenses you need
to identify the triggers and make sure that you get rid of them altogether.
Changing your financial habits
This is more or less connected to the previous point. You
have to accept that whatever you did in the past has happened. As such, the
only thing that you can control is your future. So, focus completely on that.
Make amends for each and every wrong step that led to this point and then just
put them away for the rest of your life. There is no reason for you to punish
yourself for your mistakes of past. Just commit that you would change the
habits that led to this and make good on your commitment.
Taking a new credit card
This might seem like a bad option to start with but here we
are talking of the retail store cards that are better options for people like
you. Most of the store cards are in fact ideal for people with issues like
bankruptcy on their credit. They have high annual percentage rates (APRs) and
the credit limits are also on the lower side.
Apart from this you can also consider taking a credit builder loan, learn how to save more by living on less, and define your worth once again.