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:
For some, credit counseling or negotiating with creditors is a better option than bankruptcy. However, 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.
How do you decide which chapter bankruptcy is better for you?
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.
Filing for bankruptcy can be a daunting prospect, especially when it comes to concerns about…
Divorce and bankruptcy are personally difficult and also complex legal processes that can have significant…
Facing financial struggles can be overwhelming, especially when debts include complex legal obligations like restitution.…
Receiving a judgment against you in a lawsuit can be a distressing experience. This is…
Dealing with back taxes can cause a lot of stress and financial burden for anyone…
Many people wonder whether or not an estate, such as the one left behind after…