Is Bankruptcy A Good Thing?
Is Bankruptcy A Good Thing?
Finances have been hard for many people of late, and leaving them in need of an understanding and experienced bankruptcy lawyer Tampa, FL residents trust at difficult times like this. There is no shame in admitting that you may need to take big steps to correct your financial situation and get relief from the mountain of debt that you are buried under. In fact, to do nothing may only make the situation worse and even harder to get out of in the future and depending on your situation, bankruptcy may be a good option for you. It can be hard to face the facts that somewhat drastic steps may need to be taken, but it may be your first step to getting back on your feet and out from under this financial burden. Contact us today at Carolyn Secor, P.A. to schedule a consultation.
- Debt Forgiveness
There are multiple categories of bankruptcy, and depending on your specific situation one may be a better option than another, and may include some debt forgiveness that will help you to get out of the financial hole that you’re in. It may negatively impact your credit score and your ability to receive financing for purchases or a line of credit, but unfortunately this may have to happen for a time in order to move forward.
- Manageable Repayment Plans
Depending on your circumstances, as part of your bankruptcy filing you may be able to create repayment plans that you can afford and include some forgiveness for your situation. Legally filing for bankruptcy can give you options that you would not have otherwise, and you will likely want a lawyer to talk you through it and assist with the legal process to make sure that it is an option that is profitable for you and your financial situation.
- Fresh Start
Bankruptcy sounds bad to the average person, like the worst case possible and the absolute last resort. It sounds like failure. But in reality, and legal terms, it can be a good option for many people that find themselves in overwhelming amounts of debt. It could be a way for you to get a fresh start financially and begin to recover financially. It might feel bad and like a step backward at the beginning, but it may give you the opportunity to start fresh and allow you to move on.
Call a Bankruptcy Lawyer Today
No matter your financial situation, you may be wise to discuss your options with an experienced bankruptcy lawyer. We know that this isn’t fun for you to discuss, but we have worked with many people like you before and have no judgment to pass on for finding yourself in this financial situation. We know that this happens and want to help you recover financially and move on with your life. Contact us today to schedule your consultation where you can ask questions, explain your financial situation, and begin to get legal advice from a qualified bankruptcy lawyer.