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Getting Help for Bankruptcy in St. Petersburg

Even in a gorgeous city like St. Petersburg, Florida, people do not escape financial problems. This charming city maintains characteristics of a resort-town that people have loved since it was first established in 1875. Throughout its history, St. Petersburg has been a community of dolphins, pelicans, sailboats, and beautiful sunny days.

This city has recovered well following the recession but in the wake of the financial crisis, some people were left with few options outside of filing for bankruptcy in St. Petersburg. As with many cities throughout the United States, the recession caused businesses to close and people to borrow beyond their means. Now, individuals just like you need the services of a reputable bankruptcy attorney in St. Petersburg.

Overcoming a Tough Situation

While going through a bankruptcy is extremely difficult, it should be viewed more as an opportunity to finally get finances under control and life back on track. Although you might be tempted to file for bankruptcy without the assistance of a good attorney, this is a very dangerous move.

For one thing, within the past several years, bankruptcy laws have changed dramatically. Because of this, there are many new rules and regulations on local, state, and federal levels. Even the trustee overseeing your bankruptcy in St. Petersburg can have a set of distinct requirements that if not followed as exactly laid out can prove to be disastrous.

On the other hand, a qualified bankruptcy attorney in St. Petersburg is up to date on all laws but in addition, knows insider strategies that will ultimately benefit your case. For instance, there are a number of debts that most people do not realize can be discharged such as income taxes. There is also a statute of limitations on debt whereby you can no longer be hounded by creditors.

Reasons for Filing Bankruptcy

Although some people file for bankruptcy in St. Petersburg due to making poor financial decisions, most often the cause is not the individuals fault. An example one of the primary reasons that people file Chapter 7 or Chapter 13 bankruptcy has to do with overwhelming medical bills.

In fact, across the country bankruptcies because of unpaid medical bills will affect approximately two million people in a single year so if this is the reason for your current financial situation, you can clearly see that you are not alone in the fight. Interestingly, many of these people have good health insurance. If you or a loved one has been hit with a serious health issue, bills stack up quickly and to the point where filing for bankruptcy in St. Petersburg is the only viable option.

Although the initial reaction to needing a qualified bankruptcy attorney in St. Petersburg is embarrassment and guilt, try to focus on a positive outcome of getting out of a bad financial situation so you can start over. For additional information and free advice about bankruptcy or for help in finding the right attorney to assist, you can reach out to Bankruptcy-America or a local service that offers similar services.[i]