When Should You Wait to File?
In some cases, a debtor may actually benefit by waiting for file for bankruptcy for a short period of time. While they will ultimately file for protection from creditors and a legal way to reduce debts, they can increase the benefits of a filing if they hold off for a brief time.
If you have become overburdened by your debt, it may be time to take your first steps towards financial freedom. To learn more about bankruptcy and how it can help you, contact Florida bankruptcy lawyer Ryan J. Really, Attorney at Law, PLLC, today at (239) 237-0675.
Timing in Bankruptcy
As with so many other things, timing in bankruptcy is everything. When a person files for bankruptcy may be as important as what kind of bankruptcy protection they choose to seek. Putting off filing can help a person with the following benefits:
- Providing additional time for a possible mortgage modification
- Allowing a loss of wages to factor into the Chapter 7 means test
- Allowing certain necessary expenses to add up before filing for bankruptcy
In some cases, a person may know that they are going to need to incur significant debt for something like a medical treatment. In these cases, incurring the debt first and filing second can allow that individual to deal with that debt through the legal proceedings.
If you are facing bankruptcy because of overwhelming debts, we can help you to better understand and progress through the various legal proceedings that a filing will entail. Contact sympathetic and experienced Florida bankruptcy attorney Ryan J. Really, Attorney at Law, PLLC, by calling (239) 237-0675 today.