Timothy J. Sierra, Attorney at Law Trusted Florida Bankruptcy Attorney Since 1987
Call Today For A Free Initial Consultation
813-463-2256

It's possible to get a fresh financial start after bankruptcy

Bankruptcy isn’t always the end of the world financially, as many Floridians might fear. Yes, filing for Chapter 7 or Chapter 13 bankruptcy does negatively affect your credit rating for a while. It can also affect your ability to buy a home, borrow money, and open up lines of credit. But with some careful planning and discipline, anyone can begin to repair his or her credit score after bankruptcy.

A financial expert has offered some simple tips on how to recover after filing for bankruptcy. Maintaining a bank checking and savings account is a great step in the right direction, especially if you pay attention to building up some savings.

In order to have good credit, you need to actually have credit. After a bankruptcy, an ideal way to start over with good credit is to open up a secured credit card, and later to open up one or two small credit card accounts. The key here is to pay off the entire card balance each month, and not to spend more than you can afford.

Your credit card bills, and every other bill you have, need to be paid on time in order for your credit score to improve. By ordering copies of your credit report from the major reporting agencies, you can compare notes and report any discrepancies or incorrect information that could be hurting your credit.

The financial expert says that if each step toward financial recovery is taken carefully, you may even be able to purchase a home within two years of receiving a bankruptcy discharge. As you can see, filing for Chapter 13 or Chapter 7 isn’t necessarily the financial death sentence that many believe. By adopting a smart budgeting strategy and planning carefully, you can take the right steps toward a fresh financial start.

Source: Consumer Affairs, “Starting over after bankruptcy,” Mark Huffman, May 17, 2013

  • "When I first came to the decision to file for bankruptcy, I had no idea where to start. I began researching attorneys on the internet and came across the information for Tim Sierra. Since he specialized in bankruptcy and had a lot of experience......"
  • The process of going through bankruptcy could be very overwhelming but Tim made me feel at ease and I felt that my needs were being taken care of. I truly feel that he had my best interests in mind and the lines of communication were always open....
  • "I had to file a Chapter 7 bankruptcy. I didn't know anyone who could refer someone so I took a chance and just looked on the Internet. I don't remember exactly why I chose Mr. Sierra, but I am glad I did..."
  • He was honest, straightforward, and hard-working. In my case I ended up with some extenuating circumstances and he handled the matter professionally even though I'm sure the work probably exceeded what he originally felt it would be....
  • I don't ever write reviews, and I had no prior relationship with Mr. Sierra. This review is simply being written as a service to others that Mr. Sierra is an excellent attorney and should be considered for your needs if you need one....
  • "I'm very happy to have been referred to Tim for my Chapter 7 filing. He was knowledgeable in his field and very responsive in replying to any questions or concerns I had. Tim was also very accommodating with meeting times..."
  • " I recently was in need of Mr. Sierra's services and I found him to be very understanding and helpful in my particular circumstance. He met with me and explained everything in full detail and also answered every question that I had....."
  • " I recommend Timothy Sierra a loyal and dependable lawyer. When you talk to him you feel that you are with a friend or a member of your family. Timothy is able to lead you in every step of the process. Good job Timothy."
  • " Bankruptcy is a private and personally devastating life event. Timothy Sierra and his assistant, Nancy, made the process as painless as possible. They kept in close contact via phone and email so I always knew what was happening in my case...."
More Testimonials
Email Us Today

Schedule A Free Initial Consultation To talk to an experienced Tampa bankruptcy attorney, call 877-492-7449 or fill out the form. All calls are returned within 24 hours.

Bold labels are required.

Contact Information
disclaimer.

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.

close

Privacy Policy

We Have Offices in Tampa, Riverview and Brandon For Your Convenience.

Tampa Office
118 South Rome Avenue
Tampa, FL 33606

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Tampa Law Office Map

Riverview Office
6314 U.S. Highway 301 South
Riverview, FL 33578

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Map & Directions

Brandon Office
305 North Parsons Avenue
Brandon, FL 33510

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Map & Directions