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A Budget After a Philadelphia Bankruptcy is a Great Idea

Once you consider the benefits of bankruptcy, you may soon realize this is the best thing you can do from a financial point of view.

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A Budget After a Philadelphia Bankruptcy is a Great Idea

  1. 1. “Once you consider the benefits of bankruptcy, you may soon realize this is the best thing you can do from a financial point of view.” A BUDGET AFTER A PHILADELPHIA BANKRUPTCY IS A GREAT IDEA DAVID M. OFFEN PHILADELPHIA BANKRUPTCY ATTORNEY
  2. 2. A Budget After a Philadelphia Bankruptcy Is a Great Idea www.getfreeofbills.com 3 Once you consider the benefits of bankruptcy, you may soon realize this is the best thing you can do from a financial point of view. Of course, this doesn’t mean the process is very quick and very simple and you can do it on your own. Let’s start at the beginning. You are considering bankruptcy because you may have made a financial mistake, encountered an illness, job loss, divorce or an unexpected situation.
  3. 3. A Budget After a Philadelphia Bankruptcy Is a Great Idea www.getfreeofbills.com 4 Once you file for bankruptcy and your finances are back in order, you have two options:  Make mistakes which will not help you.  Make changes for the better, which includes the creation of a budget. If you make changes, you should expect that things will be different for you in the future. No one plans on encountering financial difficulties. There is no guarantee that you will never again in your life face financial difficulties, however, if you create a budget you will find yourself in a much better position. A budget can help you see exactly where your money is going so that you can see if it is possible to cut back on any expense. Furthermore, it can help you better understand your finances, ensuring that you feel better about the decisions you are making.
  4. 4. A Budget After a Philadelphia Bankruptcy Is a Great Idea www.getfreeofbills.com 5 BENEFITS OF BUDGETING If you don’t fully understand the benefits of creating a budget after bankruptcy, here are a few points that will clear your mind and help you better understand what is going on: 1. Avoid future trouble. You see what your spending habits are and where your money is going. If you want to increase your chance of avoiding a problem, your attorney can show you how to create a budget that will keep you on track at all times. This allows you to avoid problems, and instead feel good about your situation. 2. A strong understanding of your income and expenses. How much money are you earning on a monthly basis? You need to know how much you are bringing in and how much you are spending. This is one way to guarantee that you don’t get off track. Without a budget, you may again find that you are spending more than you earn. If this happens, your finances will not be in great shape.
  5. 5. A Budget After a Philadelphia Bankruptcy Is a Great Idea www.getfreeofbills.com 6 3. Avoid trouble before it gives you a problem. With a budget in place, it is simple to determine if you are making any major mistakes. For example, it will help you understand what you are spending your money on and whether or not it makes sense. Are you spending too much every month on dining out? Are you neglecting having emergency fund because your spending has spiraled out of control? With a budget, you can pinpoint any money issues. CONCLUSION Once you make it through the bankruptcy process, you are sure to feel better about where you stand and what the future holds. You know your finances are in a better place. You know you are in position to make sound decisions. If you want to avoid trouble, make sure you have a budget you can trust. With this in place, every decision is one that you will fully understand. Bankruptcy will give your finances a second chance. If you are in this position, use a budget to avoid future trouble.
  6. 6. A Budget After a Philadelphia Bankruptcy Is a Great Idea www.getfreeofbills.com 7 About the Author David M. Offen A native to the Philadelphia area, Mr.Offen attended Temple University College and Law School. Mr.Offen is licensed to practice in the States of Pennsylvania and New Jersey. He is a member of the Eastern District of Pennsylvania Bankruptcy Conference and the National Association of Consumer Bankruptcy Attorneys. David M. Offen has over 20 years of experience and has helped over 8,500 individuals and families go through the Bankruptcy process. These filings have included stopping foreclosure on a home, stopping repossession of a car or vehicle, stopping IRS tax levies and frozen bank accounts and putting a stop to; lawsuits, credit card bills, personal loans, bills, utility shutoffs and other types of debt. With Mr.Offen’s help, these families have saved countless millions of dollars of debt. David enjoys getting to know his clients and will be happy to answer any and all questions you may have. You are treated as a person and not a number. Remember – there is no such thing as a silly question. Don’t be afraid to ask any questions you may have. David M. Offen has found that people looking to file Bankruptcy are not trying to avoid their responsibilities but rather to make a difficult situation easier. David enjoys getting people to stop worrying and making their financial lives much better and help people stop feeling overwhelmed. In some cases, Bankruptcy is not the best move and he can review your situation with you and tell you the right move for you to make. Get a completely free evaluation of your situation. For the past 20 years, the Law Offices of David M. Offen has been among the top filers of bankruptcy in the Eastern District of Pennsylvania. The Law Offices of David M. Offen 215-625-9600 www.getfreeofbills.com The Curtis Center 601 Walnut Street, Suite 160 West – 1st Floor Philadelphia, PA 19106

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