Beyond the Discharge: Making the Most of the Fresh Start with an Exit Plan

The bankruptcy discharge is a powerful remedy to eliminate old debts - and preserve crucial assets like most retirement plans and the family home.  The goal of the bankruptcy process, through the discharge, is to give you a "fresh start."  A discharge alone, however will not get many people on the right path.  

From the beginning of each client relationship, we try to work to develop a bankruptcy exit plan.  Filing bankruptcy without a concrete financial plan for future years is a bad idea.  Are you thinking about filing bankruptcy?  The opportunity to start over only comes along so often.  Work with an attorney and professionals who will help you make the most of your fresh start.

Key issues that needed to be decided include maximizing retirement contributions, knowing what obligations should be reaffirmed or modified, and planning future spending and borrowing in a way that is most likely to keep you from ever needing to file bankruptcy again.