There are plenty of people in the world who believe they are immune to bankruptcy. Their financial lives are in order and they have no reason to believe there could ever be a problem. Perhaps you count yourself among these people – in control of your finances and capable of planning for uncertainty in your future.
But what if uncertainty comes when you least expect it? Or one of life’s unexpected challenges turns into three or four or more unexpected challenges? Maybe you’ve set aside emergency money for a rainy day, but what if your rainy day turns into weeks, or months, or years?
There are catastrophic events that can turn your life upside down, even if you have planned ahead and taken precautions to protect yourself and your family. The bottom line? Nobody should ever say “never” when it comes to bankruptcy.
The good news is if you do find yourself in the most unexpected of situations and you have no choice but to file, it’s not all bad. As a matter of fact, many good things can come of bankruptcy. So if you spent your life until now believing you were immune to bankruptcy and suddenly everything has changed, consider the following positive aspects about your situation:
Possibly the best thing about bankruptcy is the fact that it gives you a fresh start. You won’t have debt hanging over your head and you won’t face all the stress you feel when you are behind on your bills. You’ll eventually be able to make financial decisions without the stress you feel when you are buried in debt.
Another great thing about filing for bankruptcy is that it puts an end to the calls you receive from creditors on a daily basis. Nothing is worse than finding yourself in a miserable financial situation, only to be reminded of how bad things are every day when the phone rings. Bankruptcy legally prevents creditors from contacting you about your debt.
This article explains how bankruptcy puts an end to creditor harassment by creating an “automatic stay.”
Bankruptcy is a process and understandably, not one most people welcome with open arms. However, emerging from bankruptcy is a different story. You’ll be free of the weight you feel now and able to move forward as a new person financially. Or, if you were the type who was always careful with money but experienced a few unexpected emergencies along the way that led to bankruptcy, you’ll be able to return to the financially secure person you were in the past. Regardless of how you ended up needing to file for bankruptcy, doing so will help you establish a bright financial future.
If you would like to learn more about bankruptcy or you have questions about whether filing is right for you, we can help. Contact the Law Offices of Robert M. Geller at 813.254.5696 to speak to someone about setting up a consultation.