Call for a free bankruptcy consultation

Louisville |


New Albany |

Schwartz Bankruptcy Law Center

Seeing the positives of a bankruptcy filing

Many people feel that they have no choice but to file for bankruptcy when they are facing overwhelming debts. As a result, they can be quick to dwell on the ways that a bankruptcy filing will limit the control over the way they live their life for the foreseeable future.

While it is true that the process of bankruptcy can be challenging at times, it is a great way for individuals to get control over their finances. When fully embraced, it can pave the way for a prosperous future. The following are some positive aspects of bankruptcy that you may have failed to acknowledge.

The absence of credit cards can help you to create healthy habits

You will likely not be able to use credit cards for some time after your bankruptcy filing. While you may see this as financially limiting, it can be a great way to prevent becoming stuck in debt again. By using your existing funds to pay for things, you will gain healthier habits regarding money.

You will go through credit counseling

All debtors who are filing for personal bankruptcy are required to go through credit counseling. This can be very advantageous because you will learn valuable skills that will help you to manage your finances for years to come.

You will be able to bring up your children without financial stress

If you have a family, you should be able to enjoy bringing your children up without the added stresses of overwhelming debt. By filing for bankruptcy, you will be able to enjoy family life to the full again.

If you are facing debts, it is important to choose the right bankruptcy chapter for your circumstances to get the optimal outcome.

No Comments

Leave a comment
Comment Information
Make A Payment Email Us For a Response

Need A Solution To Your Debt Problems?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Make A Payment
Schwartz Bankruptcy Law Center

Office Locations:

Louisville Office
3339 Taylorsville Road
Louisville, KY 40205

Phone: 502-785-8549
Phone: 502-485-9200
Fax: 502-485-9220
Louisville Law Office Map

New Albany Office
501 State Street
New Albany, Indiana 47150

Phone: 502-785-8549
Phone: 812-945-9200
Fax: 502-485-9220
Map & Directions