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.

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. 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. 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. 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. 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. 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