CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

How Bankruptcy Can Change Your Life

MagicBankruptcy is not Magic

Alleviating financial distress by filing for bankruptcy can seem like life-changing magic. Bankruptcy can change your life and enable relaxation about ongoing financial struggles.

Bankruptcy Can Give You Control

For many, filing for bankruptcy is the smartest decision they ever make.

If you were driven to bankruptcy due to events beyond your control, filing can help you regain control of your situation.

Let’s say your financial problems began when you lost your job. You were forced to borrow against your home or take money from your savings account just to make ends meet. When that money ran out, you had to use credit cards for day-to-day living expenses. Within just a few months after your last paycheck, you could be looking at tens of thousands of dollars in debt you cannot afford.

Bankruptcy can help you eliminate that debt and help you make a truly fresh start. Once you find another job, you’ll be able to move forward free of all the burden of that phase in your life.

Bankruptcy Helps You Correct Past Mistakes

If you’re in your current financial situations because of mistakes you made with your money, bankruptcy can still help.

Often filing for bankruptcy is the “final straw.” It’s the thing that makes someone who had made poor financial decisions up until this point really look at their lives and figure out what needs to be changed.

Bankruptcy also gives you tools that will help you get things back on track and not make the same mistakes in the future once you’ve cleaned up your debt situation.

What’s Life Like After Bankruptcy?

There are several changes you’ll notice in your life after bankruptcy.

Initially, it might be a bit more difficult to get credit and it could cost you more because of higher interest rates or fees associated with high-risk cards. Over time, you’ll notice this effect wanes.

Eventually, you’ll gain more control of your finances and not need to report any information to the trustee who was overseeing your case. How long this takes depends on whether you file for Chapter 7 or Chapter 13. To learn more about how your finances are handled in different chapters of bankruptcy, check out this article from K10 Channel 10 News.

One of the most significant changes that occur after bankruptcy is your ability to save increases and you can begin to plan for your future. This not only protects you from having to consider bankruptcy in the future, but it also ensures you can live comfortably as you grow older without relying 100 percent on Social Security payments.

Finally, you’ll notice your stress levels will improve not just because you’ve eliminated credit problems, but because you’ll be financially able to handle emergencies that come your way. Having the chance to save money means you’ll be able to handle the financial nuisances in life, such as broken-down vehicles or problems with household utilities.

At the end of the day, bankruptcy is not really magic, but it can feel like a magic change has taken place in your life after you file.

To learn more or to discuss whether bankruptcy can help you, contact the Law Office of Robert M. Geller at 813-254-5696.

Archive

Tampa Bankruptcy Law Blog

How Will Filing for Bankruptcy Affect My Credit?

Will Bankruptcy Affect My Credit? Not paying your bills affects your credit negatively. And yet problems with credit are one...
Read More

Behind or In Default on Your Student Loan? Here’s What You Should Know

Student Loan Default If you’ve fallen behind on student loan payments or your student loans are in default, you aren’t...
Read More

Will Bankrutcy Affect My Job? Learn How Filing Affects You in the Workplace

Will Bankruptcy Affect My Job? Filing for bankruptcy raises many considerations. One of the most important is whether or not...
Read More

Can Bankruptcy Help Me If I’m Behind on Child Support?

Bankruptcy and Child Support Bankruptcy can help you with a lot of things. It can help you stop calls from...
Read More

Can You File for Bankruptcy When You’re Unemployed?

Bankruptcy and Unemployment Being in debt is bad enough, but if you’ve lost your job recently or accumulated debt because...
Read More

Bankruptcy and Eviction History

Eviction With the rate of evictions on the rise in recent months and the expectations that eviction numbers will grow,...
Read More

What to Expect Once You’ve Decided to File Bankruptcy from Home

File Bankruptcy from Home There are a few things that happen when you file bankruptcy from home. An automatic stay...
Read More

Will Filing for Bankruptcy Affect My Job Search? What You Need to Know about Unemployment and Bankruptcy

Unemployment and Bankruptcy Searching for a job when you are faced with a dire financial situation is difficult. If you’ve...
Read More

Will I Need to Go to Court If I File for Bankruptcy?

File for Bankruptcy from Home One of the most intimidating aspects of filing for bankruptcy is meeting in person with...
Read More

COVID-19 and Debt – 5 Ways the Pandemic is Leading More People to Bankruptcy

COVID-19 Debt If you’re considering bankruptcy you aren’t alone. The last few months of 2020 have brought a great deal...
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 comodo 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