CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

How to Discuss Bankruptcy with Family and Friends

Bankruptcy is a personal choice and can be a difficult topic to discuss with your loved ones. Some people might feel obligated to share their decision with friends or family if they have turned to these people for financial support in the recent past. Of course, if your bankruptcy and overall financial situation will cause you to avoid family gatherings and social events, it might be easier to be upfront and honest instead of making excuses and damaging close relationships.

Ultimately, your decision is between you, your attorney, and if you are married, your spouse. However, some people are comfortable enough with their loved ones to talk openly about their bankruptcy.

Regardless why you decide to share information about your bankruptcy with loved ones, there are a few important things to keep in mind. These tips will make it easier to move forward with your financial goals and balance your personal relationships with your financial choices.

Prepare Yourself for Judgment

It would be nice if every single person in our lives could support us without judgment, but that is rarely the case. People often attach financial status and personal character and assume if bankruptcy is necessary, a person is irresponsible. The truth is mistakes might have led you to bankruptcy, but what difference does that make now? You are taking action to get your life back on track at this moment and that is what is important. Those in your life who care about you and respect you will understand and support you despite your prior financial missteps.

Turn to Your Attorney for Advice

Certain life events – pregnancy, marriage, buying a home, financial hardship – seem to bring the advice givers out of the close. Your loved ones mean well, but they can overstep their boundaries when it comes to giving you a list of “shoulds” and “should nots” regarding your bankruptcy. The best thing you can do is offer polite thanks and assure them you are working with an experienced professional. Every bankruptcy situation is different and you need to rely on your attorney for advice.

Do Not Back Down

If you have made the commitment to bankruptcy, there is no reason why a friend or family member should talk you out of it. You know what is best for your situation and any horror story or warning should not change that. The important thing for you is to make smart choices about your situation and work with an experienced professional. If your cousin or brother-in-law or anyone tells you about their terrible experience, you cannot let it deter you. Do your research, understand your options, and make your decision based on that information.

If you believe bankruptcy is right for you, now is the time to act. Contact the Law Offices of Robert M. Geller at 813.254.5696 to discuss your options and get the support you need to get your financial life back on track.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

Can Leading a Frugal Lifestyle Prevent a Second Bankruptcy?

Changing your approach to spending is a necessity after bankruptcy. You’ll turn over some control of your finances to the...
Read More

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

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