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.