' 6 More Things You Should Know About Bankruptcy - Law Offices of Robert M. Geller, P.A.
CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

6 More Things You Should Know About Bankruptcy

bankruptcy triks and tipsWhen you’re considering bankruptcy, it can help to know what to expect. Understanding the bankruptcy tricks and tips available to you can put your mind at ease and make the experience much easier.

What are six surprising things you should know about bankruptcy?

1. You Don’t Need a Lawyer

But you probably want one.

While having an attorney represent you during the process is typically recommended, you don’t legally need a lawyer to file for bankruptcy.

However, with all of the steps – and forms to fill out – involved in the process, it can be helpful to have an attorney guide you through it. They also help you avoid mistakes that can derail your case.

2. You Might Not Have to Pay for Bankruptcy

It’s true that you have to file a fee with the court to complete the process.

However, if you can’t afford this fee, it might be possible to get it waived or delayed. If you’re concerned about paying for bankruptcy, speak to your attorney about your situation.

3. Bankruptcy Automatically Stays Foreclosure Proceedings

This is one of the most coveted bankruptcy tricks and tips because it targets one of the biggest financial concerns.

If you’re facing a foreclosure, then filing for bankruptcy can provide some much-needed relief. Your home will be protected by the court, meaning that your lender cannot move forward with selling it while the process of declaring bankruptcy is still in progress.

4. Bankruptcy Offers Protection for Other Property

If you’re worried about losing certain assets during bankruptcy proceedings, then you may want to consider using a process called “reaffirming” your debts. This means that you agree to keep making payments on certain debts, even after you’ve filed for bankruptcy. In exchange, the lender agrees to not take the property in question.

5. You Have Bankruptcy Options

Just because you’re filing for bankruptcy, doesn’t mean that you have only one option when it comes to which kind of bankruptcy to declare. Depending on your financial situation, there may be several options available to you. Be sure to speak with your attorney about which type of bankruptcy would be best for you.

6. Bankruptcy Doesn’t Carry the Stigma It Once Did

The number of Americans filing for bankruptcy has been on the rise in recent years. In fact, according to the American Bankruptcy Institute, more than 790,000 individuals filed for bankruptcy in 2016 – which is a nearly 9 percent increase from the year before.

So why is bankruptcy more accepted than it used to be?

There are a few possible reasons for this. One is that people are struggling more than they used to, and bankruptcy can offer them a fresh financial start. Another reason may be the availability of new debt relief programs offered by the government and financial institutions, which make it easier for those in debt to become financially stable again. Finally, it could be that people understand bankruptcy tricks and tips better than ever. They know it can help them more than hurt them.

Whatever the case, it’s clear that bankruptcy is a much more common occurrence today than it was in the past. While this may be concerning to some, it also means there are lots of resources available to those who need help getting their finances back on track.

Bankruptcy can be a complicated and daunting process, but it doesn’t have to be. Understanding your options and knowing the bankruptcy tricks and tips you can use can help make the process much less stressful.

To learn more, contact the Law Offices of Robert M. Geller at 813-254-5696 to schedule a free consultation.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

Do Both Spouses Have to File Bankruptcy?

For some couples, filing for bankruptcy is the best way to get out from under crippling debt. But what if...
Read More

Will Bankruptcy Ruin My Life?

Bankruptcy is a legal solution for people struggling with unmanageable debt. It can be a difficult decision to make. In...
Read More

Can Bankruptcy Take Inheritance?

Are you considering bankruptcy? Do you have concerns about your assets? Can bankruptcy take your inheritance? Here’s what you need...
Read More

Can You Go to Jail for Filing Bankruptcies?

Bankruptcy is a difficult decision. However, it can be necessary if you are struggling with debt. This is true whether...
Read More

Can You File Bankruptcy If You Don’t Have a Job?

Filing for bankruptcy is an intimidating prospect. Unemployment adds another layer of complexity to the situation. Can you file for...
Read More

Who Pays for Bankruptcies?

When a debtor files for bankruptcy, the court discharges the majority of their debt. This means that the creditors must...
Read More

Do You Have to Go to Court to File for Bankruptcy?

If you are considering filing for bankruptcy, one of the biggest questions you may have is whether or not you...
Read More

Can You Rent After Bankruptcy?

Filing for bankruptcy can be an overwhelming experience, and it’s important to understand the implications of this process before you...
Read More

Can You File Bankruptcy on Unemployment Benefits?

If you’re considering filing for bankruptcy due to financial hardship, it can be helpful to understand the various options available....
Read More

Do Bankruptcies Show Up on Background Checks?

The decision to declare bankruptcy can be difficult, and it is important to be aware of the potential consequences. One...
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

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