CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

10 Myths of filing bankruptcy

Transcription:
Name is Robert Geller. I am a consumer bankruptcy attorney in the Tampa Bay area. And today I want to talk to you about the 10 minutes of filing bankruptcy. First, the bankruptcy laws have changed and you can no longer file bankruptcy. Well, that’s not true. The bankruptcy laws were changed about 10 years ago, and it did require certain things to file bankruptcy. But with the right guidance by your bankruptcy attorney, you’re certainly can file bankruptcy. And I have filed thousands of bankruptcy. Since the bankruptcy laws have changed. Second, you will lose all of your assets. If you file bankruptcy again, this is not true. The majority of my clients don’t lose any of their assets. In fact, when a client has assets that exceed what they’re normally allowed to keep the majority of the time, we are able to work out, keeping those assets with the trustee.

Third, you have to not have a job to file bankruptcy again, not true. Most of my clients have a job when they file bankruptcy fourth, you have to go to a complete credit counseling program before you file bankruptcy, and you have to pay back some of your debt through a credit counseling program before you file bankruptcy. This is also not true. Although the bankruptcy law does require a brief credit counseling class. It takes about an hour and a half. There’s no requirement for a longterm credit counseling program. And in fact, most of the credit credit counseling companies out there are funded by the credit company, intro interests like the major credit card companies fift you can’t file bankruptcy more than once. That’s also not true. I have been handling bankruptcies for over 26 years and I have filed for bankruptcy, bankruptcy for clients more than twice.

And in fact, a few clients three times six bankruptcy will ruin your credit. That is also not true. We have been filing bankruptcies again for many, many years for our clients. And we have seen our clients rebuild their credit. In fact, in most cases, clients can get back to a seven 20 credit score within 24 months after filing bankruptcy, our law firm offers a program to assist you with rebuilding your credit. That’s called 27 20 credit score, and it will teach you in a period of three months, how to get back to a seven 20 credit score. Seventh. If you make good money, you can file bankruptcy. That’s also not true. Um, yes, your income will determine whether you can file a chapter seven, but if you make more income that allows you to file a chapter seven, you still can file a chapter 13 bankruptcy, a you can file bankruptcy yourself while that’s partially true.

Consider these things. Your bankruptcy petition is about 60 pages. You have to go to court 30 days after you file. You have to testify under oath. The United States department of justice reviews, your bankruptcy petition. So yes, you can file your bankruptcy by yourself. But I don’t know that I would want to do that. That is up to you to make that decision knife chapter seven and chapter 13, bankruptcy. These are the same. That’s also not true. A chapter seven will get you a bankruptcy discharge in a period of three months. Chapter seven is great. It depending on what your income is, but on the other hand, a chapter 13 bankruptcy will allow you to catch up on your mortgage payments over a period of three to five years. And they chapter seven will not allow you to catch up on your mortgage payment over a period of three months.

So there are advantages to chapter seven. There are advantages to chapter 13 and finally, number Ted. If you have a car loan or a mortgage, you will lose your car. You will lose your house. If you file bankruptcy, that’s really very far from the truth. In fact, as long as you pay your car loan, or as long as you pay your mortgage, you’ll be able to keep your home your car. Thank you again, my name is Robert Geller and I want to help you build a bridge to a brighter future. And if you need more information about bankruptcy, click on the link and we’ll be glad to get you more information. Thank you.

Video Testimonials

Tampa Bankruptcy Law Blog

Can Leading a Frugal Lifestyle Prevent a Second Bankruptcy?

Changing your approach to spending is a necessity after bankruptcy. You’ll turn over some control of your finances to the...
Read More

Are Medical Issues Forcing You Into Bankruptcy?

Many Americans wind up in debt because of medical bills. One of the most common reasons for filing bankruptcy in...
Read More

Law Offices of Robert M. Geller, P.A. Congratulates Danielle Austin For Receiving the Patriot Award from the United States Department of Defense

Award Recognizes Support of Guard and Reserve Members Who Work for the Organization Tampa, Florida, June 29, 2021 – The...
Read More

Is Your 401k or Other Retirement Savings at Risk in Bankruptcy’s Liquidation of Assets?

If you’ve spent years saving for retirement, putting that money at risk when you file for bankruptcy is likely one...
Read More

Tips to Help You Protect Your Assets When You File for Bankruptcy

One of the most intimidating aspects of filing for bankruptcy is protecting your assets. Worrying about whether bankruptcy puts their...
Read More

How Does Bankruptcy Affect Vehicle Ownership? What Assets Can You Keep through the Bankruptcy Process and Does It Affect Your Car?

Many people struggling financially avoid filing for bankruptcy because of concerns about losing important assets like their vehicles. The good...
Read More

Is There a Legal Way to Hide Assets When You File for Bankruptcy?

Filing for bankruptcy can be an overwhelming experience. The relief you receive when you file helps you feel better about...
Read More

Do Bankruptcy Trustees Take Your Savings? What is Considered an Asset in Bankruptcy and How Does It Affect the Money You’ve Saved?

Bankruptcy trustees gain access to a variety of your assets when you file. But what is considered an asset in...
Read More

Can Filing for Bankruptcy Help You Protect Your House?

fiHow filing for bankruptcy affects your home is one of the greatest concerns people have when they consult with bankruptcy...
Read More

Should I Refinance a Student Loan I Can’t Discharge in Bankruptcy?

Student loan debt is overwhelming many people. Could refinancing be the answer to help you avoid bankruptcy if your student...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

NACBA Logo avvo1 avvo2 avvo3 LEA BBB Logo RG Seal

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions