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

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

Can Student Loan Consolidation Help You Avoid Bankruptcy?

One of the most common questions people have when they consider bankruptcy is “can student debt be discharged in bankruptcy?”...
Read More

Could There Be Changes on the Horizon for How Student Loan Debt is Handled in Bankruptcy?

If you’re wondering how to file for bankruptcy for student loan debt or you’re wondering if bankruptcy can help you...
Read More

Does Bankruptcy Clear Student Loan Debt?

Many people considering bankruptcy wonder “Does bankruptcy clear student loan debt?” Until recently, that answer was almost always “no.” But...
Read More

Will Student Loans Force You Into Bankruptcy? Here’s How a Student Loan Bankruptcy Attorney in Florida Can Help

If you’re struggling with student loan debt and not sure what comes next, a student loan bankruptcy attorney in Florida...
Read More

Have You Received a Letter from the IRS About a Tax Debt? Here’s What You Should Know Before Responding

Here's what you need to know if the IRS has contacted you about tax debt. Every year the IRS contacts...
Read More

Here’s How You Can Rebuild Your Credit

How do you repair this damage and rebuild your credit after filing for bankruptcy? Many people believe that filing for...
Read More

How Can You Practice Smart Credit Card Management after Bankruptcy?

How can you learn better credit card management after bankruptcy? Using credit after bankruptcy is an intimidating experience for many...
Read More

How Do You Improve Your Credit Score?

How do you improve your credit score? Here's what you need to know. Your credit score plays an important role...
Read More

Does Bankruptcy Credit Counseling Work?

Bankruptcy credit counseling helps you emerge from bankruptcy understanding credit management. People filing for bankruptcy must take two courses regarding...
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