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Bankruptcy Lawyer Advice on Decreasing Moving Expenses

After Bankruptcy expenses
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As a bankruptcy lawyer, I continue to remind my clients that decreasing their expenses and spending is important.  After filing bankruptcy, you have a fresh start.  However, you must continue to look at your future spending to stay on track.   

Here is an example of a debtor’s decision on moving expenses:

Background:

  • Recently my relatives were moving out of state since they cannot afford to live in NJ.
  • They filed for bankruptcy and were on their way to a fresh start and getting back on track https://njbankruptcylawfirms.com/how-to-get-back-on-track-after-chapter-7-bankruptcy/.
  • Most of their personal belongings were packed and moved in a van on their trips to their new location.
  • They decided to pay a moving company to take some of the larger items.
  • I asked what they considered to be larger items? 
  • Response:   a flat screen TV approximately 42”, pot/pans, vacuum cleaner, area rugs, small desk, larger pictures, large Christmas tree and decorations, outdoor picnic table.   All items were over 10 years old.
  • The cost to move these items was approximately $2,100.

Recommendation:

  • Think about leaving these items behind and purchasing new.   You probably could buy brand new of all these items and spend less.
  • Go on-line and sell these items through social media, Facebook local sales are great and free  https://www.facebook.com/marketplace/learn-more/selling/.

Bankruptcy is a great way to get a fresh start but you need to take a fresh look at all your future financial decisions.

I care about my clients’ future financial successes; call me for a free consult:   https://njbankruptcylawfirms.com/contact-us/ .