CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Financial Tips to Help You Avoid or Recover from Bankruptcy

If 2016 was a less than a stable, much less extraordinary financial year for you, here are a few things you can do in 2017 to avoid making your situation worse.

Enroll in Counseling and File for Bankruptcy Now If Things are Dire

If your financial situation is more troubled than the average person, it’s a good idea to consider taking action as soon as possible. Being proactive can help you make a fresh start in 2017. There’s still time to enroll in credit counseling and determine if bankruptcy is the best option for you. It’s tempting to put it off, but there really are a number of benefits to filing now, as opposed to waiting.

For information about legitimate credit counseling services, check out this information from the Federal Trade Commission.

Take a Long, Hard Look at Your Resolutions

If bankruptcy isn’t the best option just yet, you should still be honest with yourself about your finances. How bad are things really? Could you just stand to tighten the belt a little in the New Year or are all the signs pointing toward financial disaster.

It’s important to look at the pros and cons of financial struggles. For instance, you should consider if you are earning enough to make ends meet and make changes, if necessary, to keep yourself from falling behind. But it’s also a good idea to consider long-term financial goals. Do you want extra money to travel? Are you hoping to support your children years from now when they enter college?

There are reasons why bankruptcy might be a good idea now if you have lofty goals several years down the road. The sooner you get back on track financially the more likely you are to reach those goals.

Commit to Being Vigilant with Your Resolutions

Whatever you decide to do to improve your financial situation in 2017, it’s important you stay committed. The best laid plans are often derailed by life’s emergencies, so you’ll want to have a plan, whether you file for bankruptcy or not.

If you are married, it’s a good idea to have an honest discussion with your spouse about your financial situation. You both need to be on the same page with your plans to fix your problem, as well as where you see yourselves financially in the future. It might help to sit down with a professional who can share specific details about bankruptcy and how it applies to your situation.

Now is the time to look forward and get ready for a brighter financial future in 2017. For more information or to discuss the possibility of bankruptcy with a professional, contact the Law Offices of Robert M. Geller at 813.254.5696.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

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

Can Student Loan Consolidation Help You Avoid Bankruptcy?

One of the most common questions people have when they consider bankruptcy is “can student debt be discharged in bankruptcy?”...
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