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Life After Bankruptcy

Helping You Manage Post-Bankruptcy Expenses

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. Don’t hesitate to contact us to schedule a free initial consultation with one of our experienced bankruptcy lawyers.

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.


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.