When creditors come knocking and they hear that you are filing for bankruptcy they will scramble to get whatever money they can. Here is a list of things that you can do to help get yourself onto the right track before the bankruptcy is completed and set into motion.

Start Fresh With A New Bank

Often when a band hears that a client has filed for bankruptcy, they will immediately review the account to make sure that the account is in good standing. If you have a bank account where you have loans and other payments automatically withdrawn from your account then it is advisable to start a brand new account with another bank before filing for bankruptcy to start new credit immediately. A bank has the right to close an account if they feel there is the potential for financial loss due to bankruptcy. Starting a new account with a new bank can also prevent creditors from taking money out of your account in an attempt to drain every little bit of money they can before the bankruptcy is set in motion.

Only Use Cash

One of the best things that you can do to set yourself up on a new financial diet is to start using cash. Cut up all debit or credit cards so that if you don't have the cash in hand to pay for something you cannot buy it. This will prevent you from being able to overdraw from a bank account and you will be unable to charge something to a credit card, which is a large reason people go into debt in the first place.

Record All Purchases In A Diary

Using a diary to write down exactly where every penny gets spent is a great way to make yourself more aware of where you money is being spent. In the diary you should also note the expenses that are not essential. At the end of the money tally up all the expenses and see exactly how much you spent on rent, food, utilities, entertainment, clothing, and transportation each month. You can use that to set up a monthly budget, and you can check at any time to see how much money you have left to spend in any one of categories.

If you find yourself in financial trouble and you cannot afford the necessities of life because your bills are too high, you need to enlist the help of a bankruptcy attorney at Brackett & Strunk LLC. A bankruptcy attorney will sit down with you one-on-one, walk you through every step of filing for bankruptcy, and let you know if you qualify for any type of financial relief.