CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Three Mistakes to Avoid before You File for Bankruptcy

Bankruptcy can be complicated, but for many, it is the best option available for improving a desperate financial situation. Bankruptcy can improve both your short and long-term financial situation. Immediately, filing puts an end to the creditor harassment you like face on a daily basis. Over the long haul you will be able to rebuild your financial standing and eventually you will have all of the same financial opportunities as those who never filed for bankruptcy.

One of the most important things to understand about bankruptcy is that it is a process. The steps you take leading up to and during your bankruptcy can drastically affect your long-term financial outlook. This is why it is so important to work with an experienced bankruptcy lawyer and avoid these common pre-bankruptcy mistakes.

Depleting Your Savings to Avoid Filing

For some people, the idea of filing for bankruptcy can be a challenge. Some people choose to postpone bankruptcy and dip into their savings or retirement accounts to avoid filing. They are embarrassed or assume they can handle their situation on their own. Unfortunately, this can create worse issues for them down the road. The sooner you take action the easier it is to get things back on track.

Dishonesty or Incomplete Information

When it comes to financial struggles, honesty is the best policy. There are instances in which creditors will work with you if you are direct about your financial struggles. Hiding from your problems or lying about your inability to pay only makes things tougher for you. And when the time comes to file, you are legally required to be honest and complete with the information you provide.

Acting without Research

Bankruptcy can be a complicated process. You have the option of filing on your own, but it is highly inadvisable. Mistakes in your paperwork can result in your case being dismissed, leaving you in an even more desperate situation. It is also important to research your options before choosing your attorney. It is important to work with a firm familiar with bankruptcy law and takes the time to understand the specifics of your situation.

If you would like to learn more about bankruptcy or you are ready to schedule a bankruptcy lawyer consultation, contact the Law Offices of Robert M. Geller at 813.254.5696.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

5 Common Budgeting Mistakes Newlyweds Make and How to Avoid Them

Budgeting mistakes are common, especially when you’re young. Not all newlyweds are young adults, but many first-time marriages do involve...
Read More

When Should Married Couples File for Bankruptcy Together?

There's no easy answer to the question of timing when it comes to bankruptcy. In some cases, it may make...
Read More

Can Your Spouses Debt Force You Into Bankruptcy?

If you're married and your spouse has a lot of debt, you may be wondering if that debt can force...
Read More

Do You Need a Bankruptcy Attorney If You’re Divorcing with Financial Problems?

Divorce and bankruptcies are more common than many people realize. Financial problems make a stressful transition even more difficult. If...
Read More

Can You File Bankruptcy without Your Spouse?

Filing for bankruptcy is a decision that should not be taken lightly. It can affect your financial life and the...
Read More

How Seniors Can Avoid Bankruptcy

Seniors are at a high risk of bankruptcy, but there are ways to avoid it. What do you need to...
Read More

What Happens If I Own Too Many Assets to File for Chapter 7?

Does hiding assets in bankruptcy protect them from your creditors? If you own too many assets to qualify for Chapter...
Read More

How to Find the Best Lawyer for Filing for Bankruptcy after Retirement

Many retirees decide to file for bankruptcy as a way to get a fresh start. But finding the right lawyer...
Read More

Does Declaring Bankruptcy Affect My Retirement Savings?

When you're struggling with debt, the thought of bankruptcy might cross your mind. But what would that mean for your...
Read More

Is a Reverse Mortgage Right for Me?

Reverse mortgages in Florida are loans that allow homeowners 62 and older to borrow against the equity in their homes....
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