CALL FOR A FREE
INITIAL CONSULTATION
813.254.5696

BRIDGING YOU TO A BRIGHTER FUTURE

Florida residents can eliminate debt in 2014

New Year’s Day has come and gone, and many Florida residents likely made a resolution to get their financial house in order in 2014. Making such a resolution is one thing, but actually taking steps to eliminate debt may seem daunting. Many people wonder where to start and how to keep the momentum going.

It can be tempting to dive in without first devising a plan. Without a plan, an individual may try to attack too many issues and debts at once. This will almost assuredly cause a person to burn out too quickly or simply feel too overwhelmed to make significant progress.

Another pitfall is setting unrealistic goals. To avoid doing this, take the time to review how the money is spent. Some expenses may be cut, or at least reduced, in order to provide more disposable income to pay down debt. Making some budgetary adjustments could make the difference.

However, it is helpful to remember that a plan is not written in stone. As time progresses, a review of the budget as compared to reality may be helpful. A too strict budget will only leave a Florida resident frustrated and discouraged, which is a recipe for disaster. It is okay to revamp the budget as needed.

Sometimes, no matter how often an individual attempts to eliminate debt, it simply is not possible. Through either unforeseen circumstances or just an overwhelming amount of debt, some consumers are simply unable to pay their debts. A Chapter 13 bankruptcy stops any collection activities while seeking the court’s approval of a repayment plan over a stipulated period of time. The filer pays the trustee a certain amount of money each month, and the trustee distributes it to creditors in accordance with a repayment plan approved by the court. After all of the plan payments are made, the filer is typically able to emerge from bankruptcy protection on firmer financial footing and with the ability to move forward securely and free of overwhelming debt.

Source: onlineathens.com,Rupured: Persistance, not perfection, is the key to meeting financial goals in 2014, Michael Rupured, Jan. 4, 2014

Tampa Bankruptcy Law Blog

Top Three Bankruptcy Tips

Top Three Bankruptcy Tips

Filing for bankruptcy can be an overwhelming experience. Many people postpone filing to avoid the intimidation and anxiety they assume
Read More
Is there Such a Thing as Bankruptcy School?

Is there Such a Thing as Bankruptcy School?

If you’ve heard anyone talking about bankruptcy and what’s needed to successfully use it to remedy financial problems, you might
Read More
Three Important Things to Know about Bankruptcy and Taxes

Three Important Things to Know about Bankruptcy and Taxes

Bankruptcy offers relief when debts have gotten out of control. Chapter 7 bankruptcy results in a discharge of certain debts, which
Read More
What Happens When You are Sued for a Debt?

What Happens When You are Sued for a Debt?

If you’ve been served with a notice from a creditor that you’re being taken to court over a debt, you
Read More
Why Researching Bankruptcy Online Could Be a Mistake

Why Researching Bankruptcy Online Could Be a Mistake

In this day and age, the first place we turn for information is the internet. It’s convenient, free, and easy,
Read More
Why the Meeting of Creditors is the Scariest Part of Bankruptcy

Why the Meeting of Creditors is the Scariest Part of Bankruptcy

Filing for bankruptcy is a scary experience, but within the entire process from start to finish, the 341 Meeting of
Read More
How Do You Benefit from the Automatic Stay?

How Do You Benefit from the Automatic Stay?

Bankruptcy offers a variety of benefits. One of the most important is the automatic stay. Bankruptcy’s automatic stay stops bill collectors
Read More

The Secret Trick for Making the Most of Bankruptcy Exemptions

When you file for bankruptcy you take a risk. You’re risking that the choice you’re making now will improve your
Read More

Leftover Debt: What You Can Expect to Pay after Bankruptcy

Bankruptcy can free you from financial burdens that have plagued you for years. It can make your life easier and
Read More

Is Chapter 13 Bankruptcy the Best Option for You?

Deciding that bankruptcy is the right solution to help you with your financial struggles is a big commitment. Many people
Read More

Contact Us

Archive

Request a FREE Consultation

For The Next 5 Days Get A Free Book About Bankruptcy


 
comodo 10.0Robert Marc Geller
Robert Marc GellerClients’ ChoiceAward 2017 Robert Marc GellerReviewsout of 32 reviews LEA

We are A Debt Relief Agency.
We help people file for
bankruptcy under the Bankruptcy Code

Pay Online    

Office Locations

$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
Maps & Directions


Tampa Law Office Map

Satellite 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
Maps & Directions


Map and Directions

At the Tampa Bay law firm, the Law Offices of Robert M. Geller, P.A., we help people with consumer bankruptcy matters in the Tampa Bay-St. Petersburg,  Florida communities such as Clearwater,     St. Petersburg, Tampa, Thonotosassa, Riverview, Lutz, Plant City, Brandon, Carrollwood, Wesley Chapel, St. Petersburg Beach, Lakeland, Mulberry, Dade City, Pinellas Park, Largo, Seminole, Odessa, Oldsmar and Lithia, and counties such as Hillsborough County, Pinellas County, Pasco County, Polk County and Manatee County.