' How Do You Recover From Bankruptcy? - Law Offices of Robert M. Geller
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

How is Marital Debt Divided?

Filing for bankruptcy is a complex process and becomes even more complicated when marital debt is involved. Marital debt refers...
Read More

What is Skip Tracing in Debt Collection?

When you lend money to someone whether it is for personal or business reasons, it’s especially difficult when they don’t...
Read More

What Happens at the End of a Chapter 13 Bankruptcy?

Dealing with bankruptcy is never easy. However, if you find yourself in a situation where you need to file for...
Read More

Can My Wages Be Garnished for My Spouse’s Debt?

Marriage is a partnership that often extends to financial issues, including debt. Unfortunately, not all spouses see eye to eye...
Read More

What Happens When You Get a Court Summons for Debt?

Getting a court summons for debt can be an overwhelming and frightening experience, but it doesn't have to be. Despite...
Read More

Can a Debt Collector Serve You Papers at Work?

Debt can feel overwhelming and stressful, especially if you have creditors calling you at work. Many people wonder whether this...
Read More

What to Do If a Debt Collector Threatens You?

Dealing with debt collectors is stressful and challenging. Even under the best of circumstances, contact from a debt collector is...
Read More

What You Need to Know about Updates to Student Loan Bankruptcy Discharge Laws

Are you struggling to make ends meet because of hefty student loan debt? The good news is that you may...
Read More

What is Considered Harassment from a Debt Collector?

Being in debt is never easy, but it’s especially devastating when you're being harassed by debt collectors. Of course, debt...
Read More

What to Do When You are Drowning in Debt?

Living with overwhelming debt is a distressing experience. It can feel like you are in an endless cycle of bills,...
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