CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

When Should I File Bankruptcy?

Transcription:

Hi, my name is Robert Geller and I am with the lofts Robert M Geller, PA. We are a consumer bankruptcy law firm. And today I want to talk to you about the, when I should file bankruptcy and hiring in bankruptcy. Timing and bankruptcy is really pretty much everything. Let’s talk about that. Uh, you don’t want to wait too long to file bankruptcy, meaning you don’t want to wait until you’ve depleted your retirement or you’ve spent every penny you have in your savings. Um, unfortunately I’ve seen too many clients come in my office that, uh, I could have helped years and years before that. And they have, you know, completed all their retirement. So it, in a lot of cases, it’s better that they come in the office, uh, as soon as possible for a consultation. A couple of other things about timing for bankruptcy are there are eligibility for bankruptcy, um, with regard to your income.

Um, so you just lost your job. You’ve been out of work for a few months, uh, year now, three or four months out of work. And you’re wondering what you should do. And now you’re just start living off your savings and you living off your savings and you’re living off your savings. And finally, you get to a point where you get a job offer and the job offer pays you a decent salary, but, um, you know, it’s not going to take you a long, long time to pay off your debt. That may be the wrong time to come into the office to file bankruptcy because, uh, with regard to a chapter seven, you may not be eligible because now you’re making too much income and you’ve just depleted all of your assets. So you may be required to file a chapter 13 only because you waited way too long and you’ve depleted all your safe.

So sometimes it’s better to file bankruptcy earlier. Now, on the other hand, sometimes it’s better to wait to file bankruptcy. Um, let’s just say that you’re expecting that you’re going to be working for a few years and then you’re going to go into retirement and your retirement income may be much less. And unfortunately you see a bunch of medical bills coming down the horizon. Uh, well then you may want to consider waiting, um, the file, but obviously you can come in for a free consultation and we can kind of give you the advice as to, um, what would be best as far as your timing is concerned. Timing is also really important if you’re trying to avoid a foreclosure, I’ve seen, unfortunately, um, people wait too long to file a bankruptcy. Um, and they’ve come into my office after a foreclosure sale and they wanted to save their home and it’s way too, because once a foreclosure sale occurs, um, pretty much it’s impossible to reverse the foreclosure. The bankruptcy would have to be filed before, um, before the foreclosure happens. Um, so, or for example, you had your property taken, that’s certainly wrong at certainly waiting too long. Um, so please, uh, consider the timing. Don’t wait too long to file bankruptcy, always come in and get your free consultation. Um, for more information about bankruptcy. You’re welcome to click on the link on this, uh, screen, and we’ll be able to give you free information. Again, my name is Robert Geller and I want to help you build a bridge to a brighter future.

Tampa Bankruptcy Law Blog

Should You Pay Back What You Owe Loved Ones Before You File for Bankruptcy?

Florida Bankruptcy Laws It’s common for people who are struggling financially to turn to their friends and family for help....
Read More

Bankruptcy and Family Law: Does Filing Affect the Child Support I Pay or Receive?

Bankruptcy and Family Law If you’re like many people, the well-being of your children is your most important priority. Struggling...
Read More

5 Tips for Overcoming the Emotional Toll of Bankruptcy

Florida Bankruptcy Attorney Getting through the bankruptcy process is about more than just improving your finances. Working with a Florida...
Read More

Bankruptcy and Divorce: The Far-from-Perfect Storm

Bankruptcy and Family Law Bankruptcy and divorce separately are two of the most stressful events you can experience in your...
Read More

Does the Pandemic Have You in a Holding Pattern? Here’s How to Know When to File for COVID Bankruptcy

COVID Bankruptcy If you’re struggling to make ends meet and you feel as if your life is on hold because...
Read More

Will Your Favorite Retailer File for Business Bankruptcy in 2021?

Business Bankruptcy 2020 was a tumultuous year and many of the financial challenges caused by the pandemic are expected to...
Read More

Boosted and Extended Benefits Keeping Unemployed Afloat – But For How Long?

Unemployment Benefits Were you one of the millions of people who ended up out of a job and using unemployment...
Read More

Should Bankruptcy Laws Be Adjusted Because of COVID-19?

Bankruptcy Laws The COVID-19 pandemic brought a lot of changes throughout 2020 and many are expected to continue into 2021...
Read More

Will 2021 Bring Student Loan Forgiveness and Will It Mean a Decrease in Student Loan Debt-Related Bankruptcies?

Student Loan Debt Are you one of the millions of Americans who struggle to make ends meet every month due...
Read More

Business Bankruptcy Trends Ahead for 2021

Business Bankruptcy Trends It should come as no surprise to anyone following the economic impacts of the COVID-19 pandemic that...
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