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

Can Leading a Frugal Lifestyle Prevent a Second Bankruptcy?

Changing your approach to spending is a necessity after bankruptcy. You’ll turn over some control of your finances to the...
Read More

Are Medical Issues Forcing You Into Bankruptcy?

Many Americans wind up in debt because of medical bills. One of the most common reasons for filing bankruptcy in...
Read More

Law Offices of Robert M. Geller, P.A. Congratulates Danielle Austin For Receiving the Patriot Award from the United States Department of Defense

Award Recognizes Support of Guard and Reserve Members Who Work for the Organization Tampa, Florida, June 29, 2021 – The...
Read More

Is Your 401k or Other Retirement Savings at Risk in Bankruptcy’s Liquidation of Assets?

If you’ve spent years saving for retirement, putting that money at risk when you file for bankruptcy is likely one...
Read More

Tips to Help You Protect Your Assets When You File for Bankruptcy

One of the most intimidating aspects of filing for bankruptcy is protecting your assets. Worrying about whether bankruptcy puts their...
Read More

How Does Bankruptcy Affect Vehicle Ownership? What Assets Can You Keep through the Bankruptcy Process and Does It Affect Your Car?

Many people struggling financially avoid filing for bankruptcy because of concerns about losing important assets like their vehicles. The good...
Read More

Is There a Legal Way to Hide Assets When You File for Bankruptcy?

Filing for bankruptcy can be an overwhelming experience. The relief you receive when you file helps you feel better about...
Read More

Do Bankruptcy Trustees Take Your Savings? What is Considered an Asset in Bankruptcy and How Does It Affect the Money You’ve Saved?

Bankruptcy trustees gain access to a variety of your assets when you file. But what is considered an asset in...
Read More

Can Filing for Bankruptcy Help You Protect Your House?

fiHow filing for bankruptcy affects your home is one of the greatest concerns people have when they consult with bankruptcy...
Read More

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

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