CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

What Not to Do If You Are Considering Bankruptcy

Preparing for bankruptcy is not something most people spend much time considering. They file for bankruptcy as a last resort or act of desperation, finally reaching their limit regarding calls from creditors and mounting fees. Unfortunately, if you do not prepare for bankruptcy, your choice to file can backfire.

If you believe bankruptcy might be in your future, take some time to assess your situation and discuss the details of it with a Tampa bankruptcy attorney. Making the right choices in the days and weeks leading up to your filing can save you time, heartache, and confusion, and will help you ensure the process goes smoothly and your request for bankruptcy is granted.

What are some of the things you should avoid prior to filing for bankruptcy?

Waiting Too Long to File

Though it is important to consider your options before you file for bankruptcy, it is also important that you not take too long to make a decision. If your monthly income is less than the amount you owe to creditors each month, you are headed toward financial disaster. The sooner you take smart action the better.

Using Savings to Pay Debt

There are some instances in which it pays to pull money from your savings to pay a debt, but this is not a long-term solution. However, if you are consistently dipping into retirement savings to make ends meet, you are on a slow collision course toward financial disaster. Choosing bankruptcy could save you in the long run, even if it is a difficult situation to face in the present.

Lying to Creditors

You might be tempted to juggle creditors and be dishonest with them, but this will get you nowhere. You are better off being open and up front. If you have lost your job or encountered another situation that makes it difficult to pay your bills, inform your creditors. Some of them are willing to work with you, but even if they do not, at least you are being honest. Also keep in mind you signed a contract to repay your debt when credit was extended to you – being dishonest could get you into legal trouble if you overstep the boundaries of your contract.

Going It Alone

It is possible to file for bankruptcy without an attorney, but it is a big mistake to do so. Bankruptcy laws are confusing and if you make a mistake during the process it can lead to a denial of your case.

Working with a bankruptcy attorney ensures your case is handled properly and that you receive the guidance you need throughout the process. A bankruptcy attorney can answer your questions and help you make decisions before and during the bankruptcy process.

For more information or to get a bankruptcy case started, contact Robert M. Geller at 813.254.5696 to schedule your consultation.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

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

5 Things That Boost Your Credit Score

Your credit score has a major impact on your financial life. You can be a great person with a bad...
Read More

How to Correct Errors on Your Credit Report after Bankruptcy

How do you deal with errors on your credit report after bankruptcy? In a perfect world, you could ignore your...
Read More

Tips for Rebuilding Your Credit after Bankruptcy

One of the primary goals after filing for bankruptcy is rebuilding your credit. As tempting as it might be to...
Read More

I’m Starting a New Life and I want a Financial Fresh Start – Should I File for Bankruptcy Now or Wait?

As the say goes, “when it rains it pours.” If you’ve found yourself experiencing financial difficulties while also dealing with...
Read More

What Does It Mean to Get a “Financial Fresh Start” in Bankruptcy?

Financial Fresh Start You’ve probably heard it before. “Bankruptcy gives you a financial fresh start.” It’s something stated on this...
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