CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

How Bankruptcy Can Change Your Life

How Bankruptcy Can Change Your Life Pasco, St Petersburg, Tampa Florida.Bankruptcy 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

Video Testimonials

Tampa Bankruptcy Law Blog

Covid-19 Tax Tips

The COVID-19 pandemic has affected a variety of things including taxes. These COVID tax tips can help you prepare and...
Read More

How Can a Bankruptcy Attorney in Tampa Florida Help Me If I Fall Behind on My Mortgage After Filing for Bankruptcy?

Many people find that filing for bankruptcy provides all of the financial relief they need to get back on track....
Read More

Are Bankruptcy Laws Designed to “Trip” You Up? Here’s How a Bankruptcy Law Firm Can Help You Avoid Trouble

It’s no surprise that people are skeptical of how bankruptcy can help their financial situation. Many have heard stories about...
Read More

What is a Discharge and What Does It Stop?

The primary benefit of bankruptcy is the discharge. Filing for Chapter 7 bankruptcy results in the elimination of your legal...
Read More

How This Important Bankruptcy Law Stops Creditors in Their Tracks

One of the greatest benefits of filing for bankruptcy is the automatic stay. The automatic stay is a court order...
Read More

Secret Bankruptcy Laws Make Asset Protection Possible Under Florida Bankruptcy Law

One of the major concerns people have when filing for bankruptcy is whether or not they will lose their assets....
Read More

What Happens If You’re Accused of Bankruptcy Fraud?

If you’re an honest person, the idea of being accused of fraud might seem ridiculous to you. But if you’re...
Read More

Why You Need an Attorney to Help You Understand Bankruptcy Law

The legal system is complex. Even the simplest legal issue can develop into something complicated without the right guidance. Filing...
Read More

Is There Life After Bankruptcy? 5 Ways Your Lifestyle Will Change After You File

One of the main reasons people put off filing for bankruptcy is because they are concerned about how it will...
Read More

How Teaching Your Child Money Management Helps Them Avoid Needing Bankruptcy in Florida as an Adult

If you’re like most parents, one of your primary concerns is teaching your kids good money management. Many of the...
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