Doing anything after you have declared bankruptcy may be a bit intimidating. Depending on your situation and how many people know about your financial woes, you may find yourself feeling self-conscious about what others think of you or how they will react if they find out that you went bankrupt at some point. At Blanton Law, P.A., we are committed to helping people in Florida to look past their misstep and onto a brighter financial future. 

While bankruptcy is notoriously tied to negative outcomes and opinions, if you go about it the right way and immediately implement changes in your life to prevent it from happening again, it can actually be quite beneficial. For one, it can be a way for you to start out fresh with no outrageous debts or monotonous calls from collections agencies. It can also be an eye-opening experience where you can see what you did poorly before and learn new strategies for managing your finances that will enable you to be confident.

One big decision to make after you have filed for bankruptcy is to purchase a new home. While it may take some time to reach this point, it can certainly be done. According to, depending on the type of bankruptcy you filed, you will need to wait anywhere between two and four years before you apply for a home loan. While you are waiting to be eligible to apply for a home loan, do everything in your power to rebuild your credit score. When the time comes that you are ready to apply for a loan, provide a detailed explanation to your lender about why you had to file for bankruptcy. You can also include current financial records that prove that you have since been reliable in paying debts. 

When you acknowledge that your bankruptcy is something that can be overcome and you actively work toward owning a home, you may eventually be able to successfully manage a mortgage again. For more information, if you are working through bankruptcy, visit our web page.