Is It Time for You to File Bankruptcy?

When you file bankruptcy it can help you obtain a fresh financial start. However, it can be difficult to know when the best time to file your case is. There is no magic formula for pin-pointing the best time to file a Chapter 7 or Chapter 13, but there are many warning signs that a bankruptcy filing should be considered.


A few examples of warning signs that a bankruptcy filing should be considered include:

  • Your mortgage lender is threatening foreclosure of your home
  • Your car, boat, ATV or other assets are being repossessed by creditors
  • Collection lawsuits are pending against you
  • You do not have insurance and your medical bills are overwhelming you
  • Your wages and/or your bank account is being garnished
  • You are being harassed by debt collectors
  • You are delinquent on your taxes
  • Most of your debt is unsecured (such as credit cards)
  • You do not have an emergency fund or any savings
  • Excluding your secured loans (mortgage, vehicle loan, etc), you cannot pay your total debt in full within five years

It May Be Difficult to Figure out the Best Timing to File Bankruptcy

Deciding whether to file a personal bankruptcy case is difficult, but figuring out the best timing can be even harder. The above list is just a few examples of the situations that may warrant filing for bankruptcy.

Collection Efforts Will Stop When You File a Bankruptcy Case

The good news is that whatever your circumstances, if you decide to file a bankruptcy case, the collection efforts against you will stop. The automatic stay is immediately effective when you file your petition, which prohibits any further collection activity against you. We can review your finances and decide if bankruptcy can provide you the debt relief you need.

Contact a Brevard County Bankruptcy Attorney today

If you are interested in learning more about how a bankruptcy filing will impact your debt, contact Faro Crowder, PA to schedule an appointment. We are located in Melbourne, Florida on Sarno Road and serve residents and businesses of Brevard County and the Space Coast.

Services Areas

We provide services throughout Central Florida including: Melbourne, Titusville, Palm Bay, Merritt Island, Cocoa, Cocoa Beach, Satellite Beach, West Melbourne, Cape Canaveral, Viera and Eau Gallie.

Speak with an experienced Bankruptcy Attorney at Faro & Crowder, PA 321-784-8158

We offer a free initial consult for bankruptcy, debt relief, credit card debt and foreclosure defense.  Contact our office to schedule your consultation and discuss your debt relief options.

    Faro & Crowder, PA
    Phone: 321-784-8158
    1801 N. Sarno Road, Suite 01
    Melbourne, FL 32935

    We are a debt relief agency. We help people file for bankruptcy under the bankruptcy code.

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