CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Signs That You May Need to File Bankruptcy [Infographic]

Signs That You May Need to File Bankruptcy St Petersburg, Pasco, And Tampa Florida.

What are the Signs You Might Need to File for Bankruptcy?

Not everyone who struggles financially has to file for bankruptcy. How do you know filing is the best option for you?

If you’re struggling to pay your bills on time each month or you’re only able to pay the minimum on each, it’s a sign that financial disaster might be ahead. Other signs bankruptcy should be on your radar include:

  • A creditor files a lawsuit against you
  • A levy is placed on your property
  • Your wages are garnished

Why Would You Choose Bankruptcy Instead of Credit Counseling?

For some, credit counseling or negotiating with creditors is a better option than bankruptcy. But not all credit counseling services are trustworthy.

In some cases, you’ll end up filing for bankruptcy eventually anyway, only you’ve wasted a bunch of money with the credit counseling service.

And remember, a Chapter 7 bankruptcy means your debts are discharged within a few months. Many credit counseling services require a commitment of four or five years.

Should I Choose Chapter 7 or Chapter 13?

How do you decide which chapter bankruptcy is better for you?

  • Chapter 7 give you a fresh start in a short period of time, but not everyone qualifies. Chapter 7 also puts your assets at risk.
  • Chapter 13 offers better asset protection, but it takes years to complete. However, it helps with mortgage arrears and is an option available to more people.

If you’d like to know more about whether the signs are all pointing you toward bankruptcy, let us know. Contact the Law Office of Robert M. Geller at 813-254-5696 to schedule a free consultation.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

Which Should I Pay Off First: Payday Loans vs. Credit Cards

Filing bankruptcy for credit card debt or other types of debt eliminates the need to prioritize one debt over another....
Read More

Am I Living Beyond My Means? Filing Bankruptcy for Credit Card Debt Could Be In Your Future

Living beyond one’s means is one of the most difficult financial challenges of the modern age. The easy availability of...
Read More

What Can I Do About Creditor Harassment?

Florida bankruptcy attorney One of the most difficult aspects of financial problems is dealing with creditors. Even if creditors stay...
Read More

Can I Get Credit Cards After Bankruptcy?

Can I get credit cards after bankruptcy? Bankruptcy changes a lot of things. It stops calls from creditors and makes...
Read More

Is Bankruptcy My Only Option If I Have A Lot of Credit Card Debt?

Does filing for bankruptcy clear credit card debt? Credit cards are one of the primary driving forces behind bankruptcy. Whether...
Read More

How Do Seniors Know If Bankruptcy is a Good Idea? Tampa Bay Attorney Explain the Process

Bankruptcy can be one of the most powerful tools available to help seniors deal with financial problems. Many Tampa Bay...
Read More

How Bankruptcy Affects Your Estate Plan

If you’re looking for bankruptcy assistance for seniors to help you navigate the complicated process of filing, a bankruptcy lawyer...
Read More

Should Seniors File Bankruptcy? Here’s 3 Things You Need to Know

Should seniors file for bankruptcy? Maybe. It all depends on their specific financial circumstances. Bankruptcy can be a great solution...
Read More

What Happens If My Spouse Dies During Bankruptcy?

Seniors declaring bankruptcy have many concerns. One of the most pressing is how their health or their spouse’s health might...
Read More

Can I File for Bankruptcy Without a Job?

Bankruptcy is often considered a tool used by people without money, without income, and without any financial hope. The truth...
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

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