' What to Do Now If You Intend to File for Bankruptcy Next Year

What to Do Now If You Intend to File for Bankruptcy Next Year

garnishment attorneyIf you intend to file for bankruptcy in the New Year, there are certain steps you must take to ensure their filing meets all legal requirements. This is especially true if you are facing wage garnishment or other legal action against you. A wage garnishment attorney or bankruptcy attorney can assess your situation and help you determine the best way to proceed.

Whether or not you ultimately decide to file for bankruptcy, what can you do now to make the process as smooth as possible if you do decide to file?

Organize Your Financial Information

Organizing your financial information is the first step in preparing for bankruptcy. You should ensure that you have copies of all relevant documents, such as bank statements, credit card statements, tax returns, loan agreement documents, and so on.

It is also important to make sure that your information up-to-date. If it isn’t, it could lead to delays or even rejection of the filing.

Contact Your Creditors

Creditors may be willing to negotiate with you on repayment terms or agree to other arrangements such as debt settlements or debt consolidation plans. However, this should only be done if it is beneficial and does not put you at a worse disadvantage financially.

Understand the Different Types of Bankruptcy

Before choosing what type of bankruptcy you want to file for, you must understand the available types

There are three main types of consumer bankruptcies:

  • Chapter 7 (liquidation) bankruptcy
  • Chapter 13 (reorganization) bankruptcy
  • Chapter 11 (business reorganization) bankruptcy

Each type has its advantages and disadvantages; understanding these differences is essential when deciding which type would be best for your client’s situation. Understanding the differences in these types of bankruptcy helps you make important decisions about your situation. An attorney can explain these differences to you and help you determine whether you qualify for Chapter 7 or Chapter 13.

Keep in mind, there are situations in which a person files for one type of bankruptcy and later converts their case to another type. Despite the ability to make changes, it’s still important to make the best possible choice right from the beginning.

If you are struggling with debt and considering bankruptcy, it’s important to know what you can do immediately to make the future easier. Working with a garnishment attorney helps you make the best decisions. To learn more, contact the Law Offices of Robert M. Geller at 813-254-5696 to schedule a free consultation with an experienced attorney.


Video Testimonials

Tampa Bankruptcy Law Blog

Can You File Bankruptcy with Equity in Your Home?

For many individuals facing financial hardship, their home represents their most significant asset. However, when struggling with overwhelming debt, the...
Read More

Are Trusts Protected from Bankruptcy?

Trusts are powerful estate planning tools. They allow people to protect and distribute their assets according to their wishes. This...
Read More

The Truth About Bankruptcy and Buying a Car

The Truth About Bankruptcy and Buying a Car Bankruptcy often carries a stigma of financial ruin and a bleak future....
Read More

How Do Bankruptcy Lawyers Get Paid?

Bankruptcy can be a stressful and overwhelming experience, but having the right legal representation can make all the difference in...
Read More

Do You Lose Your Home When You File for Bankruptcy?

Filing for bankruptcy can be a daunting prospect, especially when it comes to concerns about losing one's home. Your home...
Read More

Can You File Bankruptcy During a Divorce?

Divorce and bankruptcy are personally difficult and also complex legal processes that can have significant implications for your financial future....
Read More

Can You File Bankruptcy on Restitution?

Facing financial struggles can be overwhelming, especially when debts include complex legal obligations like restitution. What is restitution and how...
Read More

Can You File Bankruptcy After a Judgment?

Receiving a judgment against you in a lawsuit can be a distressing experience. This is especially true if you're already...
Read More

Can Back Taxes Be Included in Bankruptcy?

Dealing with back taxes can cause a lot of stress and financial burden for anyone facing financial hardship. If you're...
Read More

Can an Estate File for Bankruptcy?

Many people wonder whether or not an estate, such as the one left behind after someone passes away, can file...
Read More


For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More


We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

Call For A Free Initial Consultation


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