Can I file High Income Bankruptcy in Delray Beach?

People who make a lot of money can struggle with their finances and fall into debt just as easily as anyone else. When someone begins to make a lot of money or comes into money it can be hard to manage your money and you may accrue debt that you have no way of paying back. People from all walks of life can fall into debt and struggle, and finding a debt relief option to help reduce or eliminate your debts is important. The Law Offices of John E. Mufson can help you determine if filing for high income bankruptcy is an option for you. There are certain criteria that must be met before you can file for high income bankruptcy. Our team is here to help you determine if it is a possible solution to help you eliminate your debt in Delray Beach.

How can filing for high income bankruptcy help me?

Even those who have a high income can find themselves in financial trouble. Mismanaging your money can be easy to do and the next thing you know you’re in a ton of debt. You may feel like you’ll never be able to escape the debt you’ve found yourself in, and that’s where our team can help. Chapter 11 and chapter 13 bankruptcy are two options that you may have if you have a high income but are still drowning in debt. Our team at The Law Offices of John E. Mufson can help you find if either of these options will be best suited to help you eliminate your debts.

Chapter 11 bankruptcy is designed to help those who have a high income but are also struggling with debt. There are certain limits when it comes to filing for chapter 11 bankruptcy. You may need to file for chapter 11 bankruptcy if:

  • You have more than $360,475 in unsecured debt (credit card debt, medical bills, personal loans, etc.)
  • You have more than $1,081,400 in secured debt (mortgages, car loans, boat loans, etc.)

John Mufson has over 25 years of experience helping those in South Florida with debt relief and bankruptcy. Our team will work with you to help you not only find a debt relief option, but find the best option based on your financial situation. Many people think if they make a lot of money they won’t be eligible to file for bankruptcy. This isn’t the case. If you’re struggling with high debt you do have options and our team can help you find the best debt relief option so you can get rid of your debts in Delray Beach. Call us today to schedule your free consultation and see what our bankruptcy attorneys can do for you.

What can a Bankruptcy Law Firm do for me in Delray Beach?

Many people find themselves dealing with high amounts of debt and have no idea how they’re going to be able to pay off their debt. If you find yourself with high amounts of debt and no solution to pay it off filing for bankruptcy may be an option. At The Law Offices of John E. Mufson, we have a team of attorneys who can help you find the best solution to eliminate your debts.

Is filing for bankruptcy the best option for me?

When you sit down with Mr. Mufson he will work to help you find the best way to reduce or even eliminate your debts. There are two types of bankruptcy that are most common for individuals looking to file. These options include chapter 7 and chapter 13 bankruptcy. The type of debt you have and the amount of debt you’re in can help determine which option is best suited for you. Some of the unsecured debts that can be eliminated when filing for bankruptcy include:

  • Medical bills
  • Credit card debt
  • Utility bills
  • Personal loans
  • Some taxes

When you have these unsecured debts eliminated it can give you a little breathing room and allow you to get back on your feet financially. Many people have unsecured debts along with other debts including student loans. While your student loans aren’t forgiven when you file for bankruptcy, having other unsecured debts forgiven can help give you the opportunity to pay back your student loans. Another aspect of filing for bankruptcy is that the harassing creditor calls will immediately end. If you have collectors constantly calling your house demanding money, filing for bankruptcy can be a way to put an end to these calls.

John Mufson and his team can help you find the best debt relief option for you. For some people, filing for bankruptcy can give them the chance to start over and eliminate the debts they have. There are many programs that offer debt consolidation in Delray Beach, but be careful because many of these are scams and won’t help you get out of debt. If you need a solution to help eliminate your debts our team at The Law Offices of John E. Mufson can help. Call us today to schedule your free initial consultation.

How can I end Student Loan Harassment in Delray Beach?

There are many people who find themselves in thousands of dollars of debt in the form of student loans. These high monthly payments can make it seem impossible to pay for your other bills and living expenses, not even to mention if you ever want to go out with friends. If you find yourself buried with student loan debt and unable to pay your bills, bankruptcy may be an option for you. While filing for bankruptcy doesn’t eliminate your student loan debt, it can help lower or eliminate other debts you may have allowing you to be able to afford your monthly student loan payments. If you’re wondering whether bankruptcy might be an option for you, contact The Law Offices of John E. Mufson today.

How we can help you with student loan harassment

You may ask yourself if there’s any solution when you’re struggling with management student debt. Student loans are not forgivable through bankruptcy, but that doesn’t mean it isn’t an option for you. There are two types of bankruptcy that are most common for individuals looking to file. The first is chapter 7 bankruptcy, which is the liquidation form of bankruptcy. In this form of bankruptcy you will sell your assets to help back the debts you have. This allows you to start fresh and have a better financial future.

The second form of bankruptcy that is available to individuals is chapter 13 bankruptcy. In this form of bankruptcy you don’t have to liquidate your assets. Rather, you start a payment plan that will allow you to pay back your debts over time. This can stop the threat of foreclosure and end harassing calls from debt collectors.

At The Law Offices of John E. Mufson we help those who are struggling with debt. Student loans can cause a lot of financial stress and finding a solution can be a huge relief. When you file for bankruptcy, while your student loan debt remains, you may be able to reduce or even eliminate your other debts. This will give you a better financial outlook and make your student loan payments more affordable. Some of the unsecured debts that you could reduce or eliminate through bankruptcy include credit card debt, medical bills, and personal loans. To learn more about your options when it comes to filing for bankruptcy and ending student loan harassment contact John Mufson and his team today.

How Do I Begin a Debt Plan in Delray Beach?

Once you have filed bankruptcy, it would be beneficial to improve your spending habits so your credit can get better over time. However, you must approach your finances with a plan to reach your goals. At the Law Offices of John E. Mufson, we can help you create a debt plan in Delray Beach. While everyone’s plan is different considering their situation, most plans involve a variation of the following tips:

  • After filing bankruptcy, you credit cards are frozen. Meaning, you don’t have access to spending more money than you possess. During this period, it is a great time to pay down credit card balances. The interest on your loans and credit cards are put on stop so you don’t have to worry about paying anything off but the principle.
  • Create a realistic budget that you can follow. This can help you create healthy habits you can use later in life. When you set a budget with your money, you will save rather than overspend. Refraining from overspending can ensure you are in a better position with your money. Many people live check to check and struggle when unexpected expenses occur.
  • Once you’ve saved accordingly and your credit cards are payed off, you can begin creating positive credit history. While you cannot build credit without using it, you must spend your money wisely and without risk. Simple tips such as spending less than 30% of your balance can improve your credit score.

If you are interested in beginning your debt plan in Delray Beach, call Mufson Law at (561) 272-1003. We can provide you with a free consultation regarding how we can help you with your debt. We are here to help you improve everyone’s situation.

Who Can Provide Me with a Debt Solution in Delray Beach?

Increased debt may seem like a death sentence. However, The Law offices of John E. Mufson can help offer relief to those who are struggling with their debt. Whether you have fallen into a debt consolidation fraud or you are considering bankruptcy, we can assist in your financial endeavors. Rather than falling deeper into debt, our lawyers are here to help you resolve your debt issues.

  • Bankruptcy can put a hold on the stress associated with creditor harassment and give you time to catch up with your debts. Without using bankruptcy in Delray Beach, your payments may not be making any dents in your debt as interest accumulates. With bankruptcy, your interest is put on hold and you cannot create any more debt to dig yourself from.
  • Collection lawsuits create added stress when you are dealing with your current bills. Rather than letting your lawsuit get the best of you, hire one of our professional lawyers to settle the case so you can focus on other priorities. We can help you determine the best strategies moving forward with your lawsuit.
  • When facing foreclosure, it may be hard to focus on other aspects in your life. However, we can provide you with strong and effective defense to better your situation. We can often find loopholes in foreclosures if the mortgage holder didn’t take the right steps when pursuing foreclosure.
  • Creditor harassment can become annoying. We can protect you from the distraction and threats your creditors may be spewing your way.

If you are interested in receiving debt solutions in Delray Beach, we have all the solutions to help. Rather than falling into deeper debt, we are here to help you rise above it. While getting out of debt takes a lot of work and time, it is possible. Call us at (561) 272-1003 to learn how we can help you with your debt solution.

Is Chapter 13 Bankruptcy right for me?

Are you struggling with debt and find yourself unable to pay your bills? Many people struggle with debt and must look into bankruptcy options to help them get out of debt. Filing for bankruptcy might seem like a scary situation, but for those who are buried in debt it can help many people. Bankruptcy will allow you to reduce and even eliminate much of your debt, allowing you to have a fresh start financially. Your credit score is probably low if you’re in a position with a lot of debt, and once you file you can begin making smart financial decisions and work on building your credit score. If you’re struggling with debt and wondering if bankruptcy in Delray Beach might be the best option now is the time to contact our team at The Law Offices of John E. Mufson.

What are the benefits of chapter 13 bankruptcy?

Chapter 7 and chapter 13 are the two main types of bankruptcy for individuals who are looking to file. There are some differences between the two and depending on your current financial situation one option may benefit you more than another. With chapter 13 bankruptcy you can set up a repayment plan in which you will have a monthly payment to help repay back some of the debts you’re in. Typically, this is a three or five year plan and once you are done with the plan the remainder of your debts are forgiven.

Once you file for bankruptcy the calls from collectors must end immediately. If you’re constantly getting calls about unpaid bills and you simply can’t afford to pay them, filing for bankruptcy can help put a stop to these harassing calls. There are many reasons as to why someone can fall into debt, and people from all walks of life can find themselves struggling from time to time. High medical bills, credit card debt, job loss, divorce and much more can all contribute to you falling into debt. Don’t allow your debt to take control of your life. Get back into a good place financially by taking control of your finances and getting back on track.

If you’re simply unable to pay your bills filing for bankruptcy might be the best option for you. It’s a way to reduce and eliminate your unsecured debts and can allow you to get a fresh start financially. Working with a bankruptcy attorney in Delray Beach can help you find the best solution. John E. Mufson and his team have years of experience and are here to help you. Give us a call today and see if chapter 13 bankruptcy might be an option for you.

Where can I get Bankruptcy help in Delray Beach?

Bankruptcy is a scary thought and many people don’t like the idea of thinking they might need to file for bankruptcy. If you’re struggling with debt and simply can’t afford your bills, now is the time to speak with a bankruptcy attorney. The Law Offices of John E. Mufson and team can give you the best options for your current financial situation. Many people struggle with debt, and working with a bankruptcy attorney can help you find the best solution to help eliminate your debt.

What are the advantages of filing for bankruptcy?

Many people only think of the negatives when it comes to filing for bankruptcy. There are many cases where it can make sense for you to file, because it allows you to get a fresh start with your finances. Everyone has a different financial situation and every instance is different. Sitting down with an attorney who can provide you advice is important, and our team at The Law Offices of John. E Mufson are here to help you. There are a few different types of bankruptcy, and depending on your financial situation can determine which option may be best for you. If you’re struggling with unmanageable debt, bankruptcy can help you reduce and even eliminate unsecured debts such as:

  • Credit Card Debt
  • Medical Bills
  • Personal Loans
  • Utility Bills
  • Some Taxes

The bankruptcy process is generally pretty quick depending on the type of bankruptcy you file for. Eliminating your debts can allow you to have a fresh start and you can immediately work on rebuilding your credit and work towards avoiding falling into debt again. While filing for bankruptcy will impact your credit, one’s score is typically already low if they are in unsurmountable debt and unable to pay their debts. With smart and practical financial practices you’ll be able to rebuild your credit and eventually bankruptcy can have a positive impact on your credit.

If you’re drowning in debt now is the time to contact our team at The Law Office of John E. Mufson. We can help you find out what options you have when it comes to filing for bankruptcy. There are a few different options when it comes to filing for bankruptcy in Delray Beach. Finding the right solution for you begins when you contact our team at The Law Offices of John E. Mufson.

 

 

Speak with an Attorney Before Choosing a Debt Plan in Delray Beach

When individuals are in debt, they are likely to do anything and everything to get themselves out of it. However, many of the available plans that are offered have been designed to put the person deeper in debt than they were to begin with. If you have recently been considering debt reduction plans in Delray Beach, seek an attorney first! The most popular plans include loan modifications and debt consolidations. Though debt workouts, loan modifications, and loan consolidations are different, they have same qualities.

It is common for individuals to be lead into these programs blind, only to realize that they have acquired more debt due to the small print they didn’t take the time to read. Regardless if the corporation you are working with is large or small, it is always smart to get a second opinion moving forward. The following list includes the negative issues you may be faced with after beginning a debt plan in Delray Beach.

  • Getting taxed on the debt that is “forgiven”
  • Seeing no improvement of credit score throughout the plan
  • Finding out your credit is ruined after the debt plan for many years
  • You continue to receive harassment from your creditors throughout the plan

At the law offices of John E. Mufson, we believe bankruptcy is the best option when dealing with debt. However, if you are fearful of the bankruptcy system and would rather try something else, we are here to provide defense and protection against any foul play. We are here to help people get the debt relief they deserve all while protecting their current assets.

If you are interested in receiving the protection and assistance from our professional bankruptcy attorneys in Delray Beach, please contact us at (561) 272-1003. Instead of receiving promises, make sure you are getting real debt relief!

I Need a Credit Harassment Attorney in Delray Beach

If you are currently in debt or have ever been in debt, you know the extreme lengths a creditor will go to get their money. Creditor harassment only adds stress to your situation, and can often cause other problems in your life. If you believe your consumer rights are being violated, or ever were violated, we can provide you with a credit harassment attorney in Delray Beach. Trying to dig yourself out of debt is already stressful on its own without having creditors heckling you for more money.

How to Get the Creditors off My Back?

There are multiple ways we can diminish the number of calls you get from your creditors. However, if you have already filed bankruptcy or are currently considering it, this will make it illegal for your creditors to harass you.

If you are still receiving phone calls, we can defend you and help you get the relief you deserve. By law, when you have filed for bankruptcy, you will be placed on an automatic stay which freezes your current debts so you can catch up. With this being said, no creditors are allowed to do any of the following:

  • Attempt to possess your property
  • Foreclose on your home
  • Attempt to evict you from your home/ apartment/ condo
  • Contact you at your home or job

Whether you decide to file Chapter 7 or 13, you can receive protection from creditors with ease. Not to mention, when you choose to file bankruptcy, you will be provided with debt relief for the future. If you are interested in hiring a credit defense attorney in Delray Beach, contact the law offices of John E. Mufson at (561) 272-1003. We have over 25 years of experience when it comes to bankruptcy!

What is Chapter 13 Bankruptcy and can it help me?

Many people have high amounts of debt and feel as though they’ll never be able to climb out of the debt they’ve fallen into. For those who are struggling to pay their bills, filing for bankruptcy may be your best option. Before filing, it’s important to speak with a bankruptcy attorney and learn about the different options you may have. Chapter 13 bankruptcy is a form of bankruptcy for individuals looking to eliminate their unsecured debts. These debts can be medical expenses or credit card debt, and filing for chapter 13 bankruptcy can also help stop the foreclosure of your home. If you need to speak with an attorney about learning about the different options you have, call our team at The Law Offices of John E. Mufson. We’ll work with you to help you find the best option to lower and eliminate your debts.

How does Chapter 13 Bankruptcy work?

Before you think about filing for bankruptcy it’s important to learn about the differences between the types of bankruptcy available to you. Each person’s finances are different and filing for the right type of bankruptcy is important. Educating yourself about the different forms of bankruptcy will allow you to take the right steps and get back on track with your finances.

There are many different benefits to Chapter 13 bankruptcy. Chapter 13 bankruptcy will typically put you in a three to five year plan where you are put on a monthly payment plan instead of having to liquidate your assets like you would in Chapter 7 bankruptcy. Some of the benefits of chapter 13 bankruptcy include:

  • Threat of foreclosure will end
  • Repossession and collections will end
  • Creditors are forced to stop harassing you
  • Your credit rating will improve as you make monthly payments

If you’re facing foreclosure and unable to pay your bills, chapter 13 bankruptcy in Delray Beach may be an option for you. Don’t allow yourself to continue falling further and further into debt. Educate yourself about the different options you have when it comes to filing for bankruptcy and eliminating your debts. Call our team at The Law Offices of John E. Mufson today to talk with our attorneys about how filing for bankruptcy could help you improve your financial situation.