{"id":617,"date":"2026-09-24T16:42:16","date_gmt":"2026-09-24T16:42:16","guid":{"rendered":"https:\/\/ssitworks.com\/kalralawfirm\/?page_id=617"},"modified":"2026-09-29T21:38:16","modified_gmt":"2026-09-29T21:38:16","slug":"life-after-bankruptcy","status":"publish","type":"page","link":"https:\/\/ssitworks.com\/kalralawfirm\/life-after-bankruptcy\/","title":{"rendered":"Life After Bankruptcy"},"content":{"rendered":"
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Many people assume that once you file bankruptcy, your financial life is over. You won\u2019t be able to obtain credit again, take out a home loan or even successfully apply for an apartment. However, this is an old line of thinking that just isn\u2019t true. Bankruptcy doesn\u2019t destroy your financial life, it helps you to rebuild it from the ground up.<\/p>\n

If you\u2019ve filed chapter 13 bankruptcy, you are now in a three to five year repayment plan that is overseen by the court. The court has determined what amount you can live on during this time and has allocated the rest to pay your creditors. You will have a trustee who manages your finances. This can seem like a hassle, however, it actually allows you the freedom to know that your debts are being paid without having to deal with harassing creditors.<\/p>\n

If you\u2019ve filed chapter 7 bankruptcy, most \u2013 if not all \u2013 of your debt has been cleared. You are free to do with your salary as you wish. Your best option is to learn how to manage your money and build up a savings to cover unforeseen emergencies that you would have typically used credit to pay for in the past.<\/p>\n

At the Kalra Law Firm, not only can we assist you during the process of bankruptcy, but we can also help you manage life afterwards. We will support you as you begin to rebuild your credit and live the debt free life you\u2019ve always wanted. Contact us today to find out how bankruptcy can help you start over with a clean slate. (310) 325-9012.<\/p>\n

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