CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Three Times Bankruptcy Could Be a Must

Filing Bankruptcy In Pasco, St Petersburg, And Tampa Florida.Filing Bankruptcy is Necessary under some Circumstances

Financial trouble is one of the worst stressors you can face in life. The good news is there are options available to help you get a handle on things and create hope for the future when it comes to your money. Bankruptcy is one of the most powerful of these options.

Though many financial “experts” claim bankruptcy should only be used as a last resort, the truth is bankruptcy is the best possible option for many people and delaying filing only means postponing relief. If filing for bankruptcy is a must, there’s no reason to put it off and make your situation worse.

What are three instances in which bankruptcy would undoubtedly be your best option?

1. You’re Facing a Financial Crisis

If you’re facing a financial crisis, bankruptcy can help.

Of course, what one person deems a crisis might not be the same as someone else, but there are a few financial situations where crisis would be an undeniable description. Foreclosure, repossession, and wage garnishment to name a few.

If you lose your home, or your mode of transportation to get you to work, or your earnings, it will have a catastrophic effect on your life. If you are facing any of these possibilities, it’s important to take drastic action and do so as soon as possible.

Bankruptcy puts a hold on all efforts made by creditors to collect on a debt. It gives you time to take a breath and figure out your next step. Maybe there’s nothing you’ll be able to do to save your home or keep your vehicle, but at least you’ll be able to look at your options objectively and determine what can be done to make your situation better.

Is a lawsuit filed by a creditor a crisis?

Maybe, but not always. If you’ve been served with a lawsuit on an unpaid debt, it’s a good idea to speak to an attorney but it might not necessitate filing for bankruptcy. It does tell you that bigger problems could be looming, so now is the time to take a moment and assess your situation before it gets worse.

2. Your Big Picture Financial Situation Looks Bleak

There are plenty of people out there who are struggling to make ends meet, but somehow they do it. Money might be tight, but at the end of the month, they have a few dollars left over to see a movie or save for a vacation or enjoy a meal out.

But what if this isn’t the case at month’s end for you?

What if you reach the end of your money and there are payments due that are left unpaid?

For a few months you might be able to make it work, but big picture-wise, things look bleak. If you are not earning enough to afford your bills, bankruptcy could be an option.

If you’d like more information or help to figure out if you are on the precipice of a financial crisis, check out this information that will help you assess your financial situation.

3. Your Mounting Debt Problem is Triggering Health Issues

If you lay awake at night trying to figure out how you’re going to afford to pay your bills, you aren’t alone. Sadly, this is the way many people live and not taking drastic action is doing more harm than good.

It’s just a matter of time before financial stress catches up to you. And when that happens, you could find yourself buried under medical bills, or worse.

Now is the time to look into your options and decide what to do next before things get worse.

If you’re dealing with any of these three scenarios – or more than one of the three – it’s time to make things right. Contact the Tampa Bankruptcy Law Office of Robert M. Geller at (813) 254-5696 to discuss your situation.

Archive

Tampa Bankruptcy Law Blog

How Does Claiming Bankruptcy in Florida Affect Your Children?

Claiming Bankruptcy in Florida Understanding how claiming bankruptcy in Florida affects your children is an important part of determining whether...
Read More

Claiming Bankruptcy in Florida: What Happens When You File for Bankruptcy and Your Spouse Does Not?

Claiming Bankruptcy in Florida You already know how much the things you do affect your spouse when you are married....
Read More

Should You Pay Back What You Owe Loved Ones Before You File for Bankruptcy?

Florida Bankruptcy Laws It’s common for people who are struggling financially to turn to their friends and family for help....
Read More

Bankruptcy and Family Law: Does Filing Affect the Child Support I Pay or Receive?

Bankruptcy and Family Law If you’re like many people, the well-being of your children is your most important priority. Struggling...
Read More

5 Tips for Overcoming the Emotional Toll of Bankruptcy

Florida Bankruptcy Attorney Getting through the bankruptcy process is about more than just improving your finances. Working with a Florida...
Read More

Bankruptcy and Divorce: The Far-from-Perfect Storm

Bankruptcy and Family Law Bankruptcy and divorce separately are two of the most stressful events you can experience in your...
Read More

Does the Pandemic Have You in a Holding Pattern? Here’s How to Know When to File for COVID Bankruptcy

COVID Bankruptcy If you’re struggling to make ends meet and you feel as if your life is on hold because...
Read More

Will Your Favorite Retailer File for Business Bankruptcy in 2021?

Business Bankruptcy 2020 was a tumultuous year and many of the financial challenges caused by the pandemic are expected to...
Read More

Boosted and Extended Benefits Keeping Unemployed Afloat – But For How Long?

Unemployment Benefits Were you one of the millions of people who ended up out of a job and using unemployment...
Read More

Should Bankruptcy Laws Be Adjusted Because of COVID-19?

Bankruptcy Laws The COVID-19 pandemic brought a lot of changes throughout 2020 and many are expected to continue into 2021...
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