Affordable Bankruptcy Courses Blog

Bankruptcy? Oh, Crumbs.

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bankruptcy-metaphorYou may have read the news this week about Crumbs Bake Shop closing all its stores. Since its establishment in 2003 it rapidly became a successful New York chain, though suffered as the excitement surrounding the infamous ‘cupcake craze’ died down. Perhaps inevitable, given that the cronut and ramen burger suffered the same fate in recent years. Yes, the hype surrounding food crazes is often dramatic, yet short-lived. Currently, the health conscious individuals among us have propelled juice cleanses and gluten free food to center stage…but for how long?

The takeaway is, fads may come and go, but the components – the ingredients – stay the same.

It is the same concept regarding bankruptcy, and the need to rebuild after. As tough an ordeal as a bankruptcy filing can be, the key components remain the same – comparable to baking a Victoria sponge cake. The toppings and decoration may vary – similar to the creditors and debts listed on your credit report – but the sponge itself remains constant.

For your bankruptcy cake, you need to find an EOUST-approved provider of the required Credit Counseling and Debtor Education to be able to discharge your debts, as well as a licensed bankruptcy attorney. You need to grasp how to budget effectively, and research other rebuilding tools and resources to start fresh once your filing is completed. Mix these ingredients in a bowl, with a sprinkle of optimism and faith in yourself, and your mix is ready.

Cheesy? Perhaps this should have been a cheesecake recipe?

Step 2. Similar to monitoring the amount of time your cake spends in the oven, you need to keep close tabs on your spending habits. As previously mentioned, budgeting is essential when embarking on the road to financial stability and success after a bankruptcy filing. It can be a struggle at first, but once you get into the routine of monitoring where each and every dollar goes, you will feel a lot more positive. You will have control of your finances – the best way to ensure you never have to file for bankruptcy again!

Did your cake burn around the edges? Cut these areas off. There is no room for self-doubt in this delicious culinary masterpiece. Don’t worry if the cake isn’t level, or perfectly round in shape. We aren’t aiming for perfection here. Try not to put any extra pressure on yourself by having unrealistic expectations, because that is just setting you up for failure. In just achieving one small thing each day and setting smaller, more manageable goals, you are offering yourself the best opportunity to succeed – in all areas of life.

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Author: affordablebankruptcycourses

Based in Plantation, Florida, Affordable Bankruptcy Courses (ABC), together with Advisory Credit Management (ACM) offer EOUST approved Pre-Bankruptcy Credit Counseling and Pre-Discharge Debtor Education Courses. ABC prides itself on being the low cost solution and offering the required bankruptcy courses 24 hours a day, 7 days a week, in English or Spanish, and there’s no phone call required for certification.

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