Skip to content

John T. Turco & Associates PC, LLO

(402) 933-8600
Free Bankruptcy Consultation
  • Home
  • AboutExpand
    • Meet Our Bankruptcy Lawyers
    • Client Reviews
  • Bankruptcy & Debt ReliefExpand
    • Chapter 7 Bankruptcy
    • Chapter 11 Bankruptcy
    • Chapter 13 Bankruptcy
    • Small Business Bankruptcy
    • Bankruptcy and Divorce
    • Car Loans and Repossessions
    • Credit Cards and Personal Loans
    • Foreclosure Assistance
    • Gambling Debt
    • Lawsuits and Garnishments
    • Liability Claims and Lawsuits
    • Medical Bankruptcies
    • Student Loan Debt Relief
    • Unemployment and Disability
    • Unpaid Taxes
  • Bankruptcy 101Expand
    • Understanding Bankruptcy
    • What Type of Bankruptcy Do I Qualify For?
    • How to File for Bankruptcy
    • Life After Bankruptcy
    • Debt Collection Practices
    • Credit Reporting Practices
  • Client Resources
  • Blog
  • Contact
John T. Turco & Associates PC, LLO
Home » Bankruptcy Law » Life After Bankruptcy

Life After Bankruptcy

What will life after bankruptcy look like? If you file for bankruptcy, will you ever be able to get credit again? Will you ever be able to afford a house or car? What will you do to pay the costs of day-to-day life after bankruptcy?

At John T. Turco & Associates in Omaha, we help our Nebraska and Iowa clients answer these questions so they can decide whether bankruptcy is right for them and what to do after bankruptcy to rebuild their credit.

Rebuilding Credit Through Responsible Borrowing and Spending

You may believe that once you file for bankruptcy, you will never again be able to get a credit card, a car loan, a home mortgage or any other form of credit. You may even be hesitating to explore your bankruptcy options because of this.

Filing bankruptcy does not stop you from getting credit in the future. Your future actions have more of a bearing on your future credit than your past actions do.

Creditors will want to see you take baby steps to start rebuilding credit. If you’re not in default on a student loan, you should be able to get one soon after bankruptcy. You can generally also get a new credit card after bankruptcy. After two years, you can qualify for an FHA mortgage loan on a house. Time heals all wounds, and making smart choices about what to do after filing bankruptcy can get you on the right track.

Some lenders may even ask you to declare bankruptcy on debts you cannot afford to pay before approving you for credit on another loan, such as a home or car loan. This is because filing for bankruptcy starts you over with a clean slate.

Considering Alternatives to Paying for Everything With Credit

You should also consider the fact that credit is not everything. Especially in recent years, reliance on easy credit as a way of building for the future has become increasingly problematic. If you focus on paying for the fundamentals — such as housing and education — rather than needing to finance everything with credit, you can gain real financial independence.

Everyone’s case is different, but many people are able to emerge from bankruptcy and build productive and happy futures.

Contact us to discuss your concerns about life after bankruptcy and what our attorneys can do to alleviate them.

Share
Tweet
Share

Request a Free Consultation

We'll discuss your situation, offer options, and answer your questions.

  • This field is for validation purposes and should be left unchanged.

Bankruptcy 101

  • What Type of Bankruptcy is Best?
  • Chapter 7 Bankruptcy
  • Chapter 11 Bankruptcy
  • Chapter 13 Bankruptcy
  • Small Business Bankruptcy
  • How to File for Bankruptcy

Explore the Blog

  • Bankruptcy Basics (41)
  • Bankruptcy Morality, Ethics, & Philosophy (8)
  • Bankruptcy News and Trends (10)
  • Chapter 13 Articles (9)
  • Chapter 7 Articles (4)
  • Dos and Don'ts in Bankruptcy (4)
  • True Stories (1)

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.


This site is not intended to constitute legal advice, nor does it create an attorney-client relationship. The materials on this site are not guaranteed to be complete or current, and they should not be relied on as a substitute for legal advice. This site conveys general information related to bankruptcy law in Omaha, Papillion, Bellevue, Gretna, Council Bluffs and surrounding communities. If you are contemplating or involved in any matter in which legal advice or other expert assistance is required, the services of a competent professional should be sought. The determination of the need for legal services and the choice of a lawyer are extremely important decisions and should not be based solely upon advertisements or self-proclaimed expertise. This disclosure is required by rule of the Supreme Court of Iowa. Memberships and offices in legal fraternities and legal societies, technical and professional licenses, and memberships in scientific, technical and professional associations and societies of law or field of practice does not mean that a lawyer is a specialist or expert in a field of law, nor does it mean that such lawyer is necessarily any more expert or competent than any other lawyer. All potential clients are urged to make their own independent investigation and evaluation of any lawyer being considered. This notice is required by rule of the Supreme Court of Iowa.

2580 South 90th Street Suite 100 Omaha, NE 68124 · 402-933-8600

Copyright © 2023 John T. Turco & Associates PC, LLO ·  All Rights Reserved · Sitemap

Call Now Button
(402) 933-8600
  • Free Bankruptcy Consultation
  • Home
  • About
    • Meet Our Bankruptcy Lawyers
    • Client Reviews
  • Bankruptcy & Debt Relief
    • Chapter 7 Bankruptcy
    • Chapter 11 Bankruptcy
    • Chapter 13 Bankruptcy
    • Small Business Bankruptcy
    • Bankruptcy and Divorce
    • Car Loans and Repossessions,
    • Credit Card Debt and Personal Loans
    • Foreclosure Assistance
    • Gambling Debt
    • Lawsuits and Garnishments
    • Liability Claims and Lawsuits
    • Medical Bankruptcies
    • Student Loan Debt Relief
    • Unemployment and Disability
    • Unpaid Taxes
  • Bankruptcy 101
    • Understanding Bankruptcy
    • What Type of Bankruptcy Do I Qualify For?
    • How to File for Bankruptcy
    • Life After Bankruptcy
    • Debt Collection Practices
    • Credit Reporting Practices
  • Client Resources
  • Blog
  • Contact
Search