' Is Foreclosure Worse Than Bankruptcy? - Law Offices of Robert M. Geller
CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

When Should You Say “Enough is Enough!” How to Know if Debt is Worse than Bankruptcy

Filing for bankruptcy is a big decision and it should not be taken lightly. However, if you can truly benefit from filing there is no sense postponing your action. Filing for bankruptcy can stop the endless creditor harassment and help you get a handle on your financial situation. The key is to know when to say you’ve had enough and that you are ready to file.

Many people find themselves in a financial crisis through no fault of their own. They might face an unexpected job loss or medical expenses. Things can often snowball out of control and what seems like tight times can suddenly turn into a serious issue. Bankruptcy is an effective way to get back on track, but because of the stigma associated with it, people who would benefit from filing put it off or decide it is not for them. This can be a big mistake. If you wait too long, you could have your wages garnished, your property seized. Moreover, waiting too long could result in you becoming ineligible if your income increases. Unfortunately, the other options available to help with financial problems do not always work long-term. If you find yourself in too deep and nothing you have tried has worked, bankruptcy is an opportunity to free yourself from the stress of debt.

What to Expect Once You File for Bankruptcy

Filing for bankruptcy is a time consuming and complex process. This is why it is so important to work with an experienced bankruptcy attorney. He or she can provide counsel, answer questions about your situation, and ensure your filing is handled appropriately. A mistake can result in your case being denied, so you need to ensure everything is done correctly on your end.

One of the biggest benefits of filing for bankruptcy is the fact that is puts an end to creditor harassment. As soon as you file for bankruptcy is creates an automatic stay. This prevents creditors from contacting you via phone, mail, or email, and it stops all collections actions, including foreclosure on your home.

Bankruptcy allows you to move on with your life, despite the financial struggle you currently face. It is not the right option for everyone, but if your problems are severe enough, bankruptcy can provide a key to a brighter financial future. If you would like to know more about bankruptcy are you are ready to get started with filing, contact the Law Offices of Robert M. Geller at 813.254.5696.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

Can You Cancel a Bankruptcy?

Bankruptcy is an option that can save individuals and businesses from financial ruin. However, the process can be a long...
Read More

Does Bankruptcy Clear Child Support Arrears?

Bankruptcy is a legal process that provides relief to individuals who cannot pay their debts. One common question among individuals...
Read More

Is Alimony Dischargeable in Bankruptcy?

One of the biggest concerns that people have when considering bankruptcy is the effect on their financial obligations, including spousal...
Read More

Should You File Bankruptcy Before or After Divorce?

Marriage and finances can be a tricky combination. Timing is also an issue when it comes to filing for bankruptcy....
Read More

What’s Better Bankruptcy or Debt Settlement?

The idea of being trapped in debt can be overwhelming and all-consuming. Financial struggles can happen to anyone through no...
Read More

Can I Keep One Credit Card During Bankruptcy?

The decision to file for bankruptcy is never easy. People considering this option often struggle with financial stress, debts, and...
Read More

How Does Inflation Affect Credit Card Debt?

Credit card debt can be overwhelming. This is especially true during times of inflation. What is Inflation? Inflation is a...
Read More

Can Personal Bankruptcy Affect My Business?

If you’re a business owner considering filing for bankruptcy, it’s important to understand how this decision impacts your business. From...
Read More

Can You File Bankruptcy with Money in the Bank?

Bankruptcy is a serious decision and has major consequences on your credit as well as your overall financial situation. If...
Read More

Will Declaring Bankruptcy Affect My Spouse?

Are you considering declaring bankruptcy? Are you married? If so, you may be wondering how it will affect your spouse....
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