Business, blogging & Money Finance

Types of bankruptcies and going through bankruptcy (personally or business wise)

Types of bankruptcies and going through bankruptcy (personally or business wise)

Becoming bankrupt is a fear that most people will never have become a reality. But, for the few people that have to live through this nightmare, there has to be some change. Once you’ve been in this situation, though, the only real way is up. And, if you play your cards right, you can have a second chance at a good life. You just need to take the next few years very seriously. And, put some work in. To help you out with this, this post will be going through some of the stages in time that you will need to consider. 

When you have to declare yourself bankrupt, anyone that you owe money to can contest the claim. This can be a difficult battle to fight. The companies that give out loans are usually equipped with expert lawyers to deal with issues for them. This means that you will not be able to face them on your own. You will need the help of a good bankruptcy lawyer. If you can, it’s generally best to use your own lawyer here. If you use a lawyer that’s been assigned to you by the state, you stand much lower chances of winning the cases. It’s essential that this stage goes smoothly. It will impact the rest of your financial life. So, it’s incredibly important.

Once you’ve declared bankruptcy, and you’ve settled your debts, you’re ready to start fresh. For most people, this will involve starting in an entry-level job. Or, if you still have a job, saving from scratch. You will likely lose a lot of your possessions through this ordeal. So, you will have to begin the process of replacing things. But, only the buy the things you need. The absolute essentials. The rest of your money should go into savings and investments. The best investments to make at this stage are smaller, riskier ones. They will give you a higher return, making your money grow faster. Once you’ve got a decent amount behind you, you can look into investing in safer things. This will include things like property and bonds.


The future of your finances will greatly depend on how you handle them in the years to come. By saving as much as possible, you will secure a future for yourself. Because you’re starting later than usual, this might be a struggle for you. But, it’s worth going through the pain to ensure that you’re able to retire when you’re supposed to. And, once your money is sorted out, you will feel much more confident in yourself. It’s important to make sure you always think about the future when it comes to money. Every decision that you make should get you closer and closer to your financial goals.

Going through bankruptcy (personally or business wise)

Hopefully, this will help you if you’ve gone through or are going through bankruptcy. This information can be useful to anyone unsure how to deal with their money. But, like with most things, you need to do your own research, as well.There’s plenty of resources out there to help you make your financial future brighter.

Thanks for reading! ? If you enjoyed this article, please save it to Pinterest by clicking the 'save' button on any image.

And say hello on Instagram or Snapchat
Subscribe to my Newsletter HERE

Follow me & my blog:

Visit noni's profile on Pinterest.

Shop my current favorites:


Most useful blog posts to grow your biz + blog

  • – The Complete Guide To: making money blogging when you have a small following

  •  50+ online income streams to make extra income online from home (to pay off debt)

  •  4 simple steps to starting a WordPress blog from scratch if you have zero technical knowledge

  •  The tools I use to run my 5-figure automated business and blog.

  • – Mailchimp vs Convertkit: growing your list to 5000+ 

  • – How to use Tailwind Tribes to grow your blog and traffic on autopilot

  • – The ultimate list 40 ways to promote your content: free guide content promotion tools

  • – Free email course: A Media Kit That Sells to pitch to press and sponsor and become a professional blogger. 

  • – How to use Convertkit as a PR tool to automate the heck out of your PR strategy

  • – Boardbooster vs Tailwind + 3 more tools to schedule and automate your Pinterest

  • – A breakdown, the real costs of running a successful business and blog

  • My top 7 automations that will help you get more done in less time

  • Time-saving tips for busy entrepreneurs

  • How to use Convertkit as a PR tool to automate the heck out of your PR strategy

  • 7 reasons why your PR efforts + strategy shouldn’t cost you money (+ FREE PR Checklist)

  • 6 reasons why public relations are important (+ You should start PR ASAP)

  • Your Network Is Your Net Worth FREE 3-day email

  • A list of 50+ recommended paid blogger networks to join

  • Travel Advice & Digital Nomad lifestyle 

    Please follow and like me:


      Follow Me!