Bankruptcy Delray Beach, FL

Posted on by John Mufson

Are Student Loans Forcing Students to File Bankruptcy in Delray Beach?

Chapter 13 Bankrutptcy LawyerStudent loans are a national issue, and there are very few programs being implemented to help the ongoing problem. In fact, more and more young people have started going the entrepreneurial route, as they feel that the student debt simply isn’t worth the education. Did you know that most people don’t pay off their debts until they’re in their forties? Did you also know that it costs around 40 thousand dollars a year to have a degree in America? The cost of college tuition is driving young people into searching for different routes, even asking if bankruptcy in Delray Beach is an option.    

Facts About Student Loans and Bankruptcy in Delray Beach 

66% – 88% of young college graduates are facing the student debt crisis. The issue only continues to rise as the cost of tuitions continues to skyrocket. There are very few options available to young people, and the debt of apartments, cars, and college can all leave a negative psychological impression. While it is quite challenging to fight for bankruptcy due to student loans, it doesn’t mean that numerous individuals haven’t tried.

There are many interesting elements that make paying off college tuition almost impossible. First and foremost, many of the careers that are being chosen are starting to diminish. The career market is over saturated in many areas, yet there isn’t enough education to let young people know this. Additionally, courts are quite difficult on kids who did not finish school, but still want to fight for hardships. Not only will some individuals finish without a college degree because of the cost, but most of them will have a difficult time paying it back.  

If you’re looking for a firm to talk to you about bankruptcy in Delray Beach, reach out to The Law Offices of John E. Mufson today. Bankruptcy is our specialty, and we even offer debt programs to get people back on track. When you’re young, you shouldn’t have to face ridiculous financial burdens for trying to become an active participant of society. For a firm you can trust, rely on, and learn from, call The Law Offices of John E. Mufson today at (561) 272-1003. We’re here for you every step of the way!

Bankruptcy Law Delray Beach, FL

Posted on by John Mufson

Credit Card Harassment Delray Beach

3 Signs You’re In Need of Bankruptcy Law in Delray Beach  

If you need bankruptcy law in Delray Beach, don’t be ashamed. Many Americans need a professional in these matters. However, what you don’t want to do is wait until the last minute to hire an expert on law. You might feel that you can fix the hole you’ve dug yourself into, but the reality is that bankruptcy is nothing you’ll want to take lightly. With a bankruptcy law expert, you can rest at ease knowing that someone is handling your case with professionalism, compassion, and knowledge.  

You Should Call an Expert of Bankruptcy Law in Delray Beach When…  

1.You Start Falling Short On Mortgage Payments 

There are few things more stressful than realizing that you’re falling behind on your home payments. How do you make up the debt? Will they take your home away? Are you already working three jobs and an overnight shift to make ends meet? These are all common questions for a person in your position, but with a law expert, they’ll be there to give you all of the answers.   

2.You Receive a Foreclosure Letter 

If you receive a foreclosure letter in the mail, there’s no question that you’re going to feel stressed. In fact, it’s one of the last reminders that it’s time to call a professional. If you haven’t yet received a letter, you should nonetheless call a lawyer regardless. Their expertise may save you from getting one in the first place!

3. You are Stressed to the Max 

The stress of bankruptcy and foreclosure are excruciating. It is one of the most overwhelming feelings a person will ever experience. If you’re facing bankruptcy in the face, it’s time to call The Law Offices of John E. Mufson. Our team will be there to take the weight of financial frustrations off your back. Your best chance lies in hiring an experienced and caring firm, with years of experience and practice.  

At The Law Offices of John E. Mufson, we know what to expect in these types of cases. We’ll be upfront and honest with you about your options and the trajectory. Then, we will work on your behalf to give you a brighter and better future. One of our goals is ensuring that our clients never see themselves in this same financial crisis again. If you’re ready to get back on your feet, call The Law Offices of John E. Mufson today at (561) 272-1003. We have over 25 years of experience, making us a trustworthy ally during a very challenging time.

Alternatives to Bankruptcy: Negotiating Debt and Credit in Delray Beach, FL

Posted on by John Mufson

Bankruptcy Delray Beach

Are you finding yourself in the footsteps of Sisyphus, condemned to an eternity of rolling a boulder uphill which will always roll back down again? Financial burdens of past debts can often feel this way and can take away from your ability to move forward in life. Are you struggling with the inability to look past to your debt overcome, have fallen behind in significant insolvency, or are at the verge of creditors taking legal action against you for a lack of repayment? —congratulations on taking this step toward most-permanently resolving your financial and debt concerns with unending creditors by negotiating your debt and credit in Delray Beach, Florida.  

When seeking solutions for credit negotiation and debt resolution, there is an array of steps that you may take toward reversing the negative effects listed on your credit if you have fallen behind on debt. In choosing to settle your debt in an effort to negotiate credit, cutting some of the interest off the debt or even some of the principal, depending on your unique hardships and your state’s legal statutes regarding consumer, debt and creditor rights, are viable strategies in Delray Beach, Florida.   

Know what is Negotiable  

A creditor may be more likely to negotiate with you if the Statute of Limitations on your debt is about to expire and if you have already tried options in debt management.  

Creditors will also have standard policies for how much off a loan principal it will forgive when you haven’t made payments for a certain period of time, which is a form of debt negotiation that you may do independently on your own while speaking with creditors to manage debt. For such independent negotiations, it is advised to get the agreed upon terms in writing before making any repayment, recording the conversations had with the creditor may also help, as often what is understood by either party may be different, leading to potential complications in the negotiation process. However, attaining a written agreement before repayment is key and necessary to protect yourself from legal action renewed by a creditor. If you are incapable of managing your debt, and are behind in the process of repayment, speaking to a legal professional may be beneficial in understanding your options for permanently overcoming unmanageable debts. The Law Offices of John E. Mufson, P.A., in Delray Beach, Florida, can examine with you your specific financial concerns and potential solutions.    

What is the Statute of Limitations (SOL) on a Debt  

The Statute of limitations on a debt is how long a creditor or debt collector can successfully and lawfully pursue legal action to collect a debt. Most often, the statute of limitations starts when you miss the first payment with the original creditor and not when the debt is sent to collection. In the event that a creditor attempts to sue you after this period has expired, you could raise the Statute of Limitations as a defense to legal retribution taken for the given debt.  Keeping this in mind, there is a stark difference between the timeframe that debts may appear on your credit report, often seven years, and that of debt collection statutes. As well, be particularly aware that if you have already fallen behind on your debt, a partial repayment can restart the statute of limitations on a debt or it can restart the time period for how long the negative information continues on your credit report.  

Understanding the difference between Written Contracts vs Open/Unwritten Accounts 

These are both critical categories that may benefit you to understand under the guidance of a legal professional if you are being sued for repayment by a creditor or collection agency.  In Delray Beach, Florida, the Law Offices of John E. Mufson, P.A., can discuss with you cost-free how your specific debt and credit concerns may be negotiated to limit its negative effects from your future.    

In the state of Florida, open accounts, which are generally considered credit card debts, have a Statute of Limitations of four years. Written contracts on the other hand, which may include financial obligations such as instalment payments, mortgages and auto loans, have Statutes of Limitations of five years.  

For student loans, it is advised to verify if there are tax consequences or income garnishing when opting for debt forgiveness. Likewise, there are several types of student loans anywhere from privately to federally issued, it is wise to keep in mind that the Statutes of Limitations for your specific type of student loan vary, and to consult with a legal professional if you are unsure. Acknowledge also, when choosing how you may negotiate your credit and debt, some of the time, if a portion of your debt is forgiven by a creditor, it could be counted as taxable income on your federal income tax, checking on these provisions previous to making any agreement with a creditor is helpful and recommended. If you are in Delray Beach, Florida, the Law Offices of John E. Mufson, P.A., can assist you in understanding credit and debt negotiation options depending on your unique circumstances.  

It is Important to Check Your Credit Before Negotiating and After

It is important to check your credit to see when the dates for the Statute of Limitations and collection were recorded, also the fact that some judgements may have been made on these negative elements that you did not know existed, and to find out where and how these items are affecting your credit. Credit.com, for instance, reports that one in five Americans has mistakes on their credit. As you know, negative credit items affect many aspects of your daily life, including your ability to finance further credit and find work. When you have a law firm on your side, it is even more possible addressing such concerns on a more timely and thorough basis. Credit that is not reported correctly is often not challenged, and it is quite possible to do this, even after the debt has exceeded the timeframe that these may legally appear on your credit report.  Many instances of credit error go unaccounted and may be affecting your finances negatively as is. Discussing your particular credit status and debt concerns in Delray Beach, Florida, with the Law Offices of John E. Mufson, P.A., can help you understand where you stand in your current financial hardship and your future. Give us a call if this is you, (561) 272-1003, stop by our office, 1615 S Congress Ave #103, Delray Beach, FL 33445, or even use our chat system, https://www.mufsonlaw.com/.

Negotiate Credit in Delray Beach

Posted on by John Mufson

Debt Consolidation Delray Beach

How to Negotiate Credit in Delray Beach

The majority of Americans have a significant level of credit card debt, leaving many to negotiate their credit in Delray Beach. It’s not uncommon, but it’s certainly not an easy venture. Here, we’ll talk about three healthy steps you can take to negotiate your credit. The first step, however, is to call The Law Offices of John E. Mufson. By having a professional law office specializing in debt, you can rest at ease that throughout this process, you’ll be making the best decisions for you.  

Step One to Negotiate Credit in Delray Beach: Choose a Plan  

With a lawyer from The Law Offices of John E. Mufson, you can begin choosing a plan that is right for you. There are multiple negotiating routes to choose from, and though none are as easy as one may like, having a professional of law by your side can reduce your fears and give you the best fighting chance. Some plans available include negotiating a lump-sum settlement, a “Workout” arrangement, a Forbearance program if it is a short-term issue, or a debt settlement program. There are also debt management programs that may be beneficial for you now and in the future. 

Step Two: Assess Your Finances

The next step is to sit down with a lawyer from The Law Offices of John E. Mufson and assess your finances. You’ll want to look at what you make and how much you owe. This will help you understand why you’re in debt, what to cut spending on, and how to better manage your finances. It may also provide you with a clearer path to a debt-free lifestyle.  

Step Three: Make the Appropriate Calls

Last, but certainly not least, start making calls. One of your first calls should be to a lawyer, but not any lawyer. You need an experienced lawyer at The Law Offices of John E. Mufson. We can negotiate on your behalf. A lawyer has many years of experience in providing the best rates for their clients. Trust in their expertise! They’ll also know that having those terms agreed upon in writing is essential so that nobody can come after you in the future.  

If you’re drowning in debt, and you need to negotiate debt in Delray Beach, call The Law Offices of John E. Mufson today. We specialize in bankruptcy and debt law, making us your one-stop firm for all of your financial troubles. We know that debt is difficult, but you don’t have to go through this experience alone. Call us today at (561) 272-1003. It’s your time to find solutions that will benefit you now, and forever.

IRS Scams to Avoid: Bankruptcy Law Delray Beach

Posted on by John Mufson

There are many recorded incidents of IRS scams that can cost American’s thousands of dollars. One of the easiest ways to tell the difference is to reach out to a firm specializing in bankruptcy law in Delray Beach. Another way to tell the difference is realizing that the IRS will never demand payment over the phone. Therefore, if you’re getting a call that claims to be the IRS and they’re asking for an immediate settlement, know it is a scam. In fact, there are many things the IRS will not do, and if they happen to you, take precaution against a potential financial theft attempt. 

What the IRS Won’t Do: Bankruptcy Law in Delray Beach  

The IRS, again, will not call you over the phone to demand emergency payments, nor will they call about taxes that you owe. If you owe taxes and you do receive a call, you should have a pile of mail notices as well. If you receive an email asking about your identity, such as personal or financial information, know to block the sender, as it is a scam. Another sign of a financial theft attempt is when an email or call requires you to pay your taxes without giving you the option to question or appeal that amount.  

If you’re receiving calls from an individual claiming to be a part of the IRS, make sure to do your homework first. They will never ask for credit info over the phone, nor will they threaten to call law enforcement for not paying. These are all ways to pressure their victims into giving them the information they want. Fortunately, there are a few ways to combat the scary situation. If on a call, hang up immediately. Then, you can visit the IRS Impersonation Scam Reporting page.  

When you’re dealing with your finances, be smart about whom you hand your private information to. When you’re facing bankruptcy, it can be nerve-wracking even to receive a phone call from the government. At The Law Offices of John E. Mufson, you can reach out to us with any questions on potential scammers and your current financial predicament. At The Law Offices of John E. Mufson, we’ve helped thousands of people live a debt-free life, and you can be next. Don’t let scammers pressure you during a time of crisis. Call us today at 561-272-1003!

Hire a Top Bankruptcy Lawyer in Delray Beach

Posted on by John Mufson

Everyone can find themselves in a tough position financially from time to time. Are you swamped with bills that you’re unable to pay? Are you wondering what to do because you simply can’t pay your bills or afford daily expenses? If so, you might need to speak to a bankruptcy lawyer in Delray Beach. At the Law Offices of John E. Mufson we understand that it can be difficult when you fall on tough times. We’re here to help you find a solution to reduce or eliminate your debt, so you can get back to living your life.  

Should I file for bankruptcy in Delray Beach? 

When you’re unable to pay your bills, you might be thinking about filing for bankruptcy. When it comes to bankruptcy there are a couple different options you may have. Speaking with an experienced bankruptcy attorney in Delray Beach can help you understand your options and find the best debt solution for your situation. The Law Offices of John E. Mufson can help you understand the different types of bankruptcy that you may be eligible for. These options include:  

  • Chapter 7 Bankruptcy 
  • Chapter 9 Bankruptcy 
  • Chapter 11 Bankruptcy  
  • Chapter 12 Bankruptcy 
  • Chapter 13 Bankruptcy 
  • High Income Bankruptcy  

If you’re looking for a way to get out of debt, it’s time to speak with a bankruptcy lawyer about your options. Filing for bankruptcy can sound scary, but for many it can be the best option. Bankruptcy can allow you to eliminate your debt and start fresh, giving you the chance to rebuild your credit and hopefully avoid falling back into debt.  

Some people fall into debt because of poor spending habits. They use their credit cards too often only to realize how much debt they’ve racked up. Other however, have had medical emergencies or other things arise that are out of their control. No matter the reason you’ve fallen into debt, bankruptcy might be your best option to start fresh. To learn about your options, call a top bankruptcy lawyer in Delray Beach. Call The Law Offices of John E. Mufson.

Top 3 Reasons Why Bankruptcy Lawyers in Delray Beach are Necessary

Posted on by John Mufson

Going through bankruptcy isn’t easy. It comes with complications and lingo that can be difficult to understand. That’s where hiring bankruptcy lawyers in Delray Beach are beneficial. Not only will they help you avoid bankruptcy if possible, but they will also lie out all of your options. One of the biggest mistakes a person can make is not hiring a professional lawyer when facing bankruptcy. In your time of need, you’ll need an expert, and here are three reasons why.  

Gain an Alternative Perspective with Bankruptcy Lawyers in Delray Beach 

When you’re facing bankruptcy, it can be challenging to make good decisions. Your emotions are running high, and you may even be desperate. However, as we all know, it’s never a good idea to make decisions that are rash. With a lawyer, you can gain an alternative perspective. They are able to look objectively at your case, honestly telling you what your best plan of action is. They’ll look at the facts, your finances, and your previous choices to paint a clear path.  

Knowledge is Key for Bankruptcy Cases 

Bankruptcy comes with a handful of confusing terms and piles of paperwork. With a lawyer on your side, you can relax as they explain what you’ll need to know. They’ll assist you in filing the necessary paperwork, as they’ve most likely done this a hundred times. Chapter 7 and Chapter 13 are the two options for bankruptcy, and they’ll thoroughly ensure that you’re choosing the best possible path forward.  

Peace of Mind with Bankruptcy Lawyers in Delray Beach  

Perhaps most importantly, bankruptcy lawyers can help you obtain peace of mind. In this complicated process, it can be difficult to feel that you are able to breathe. Fortunately, that’s what the experts at Mufson Law are there for. We aid you in making the right decisions so that you can rest assured that you’ve chosen correctly. Without the help of a lawyer, other individuals may come to regret their choices. At Mufson Law, we’ll ensure that your future is appropriately set up for success so that you can get back on your feet sooner. If you’re facing bankruptcy, don’t do so alone. Call 561-513-4564 today, and start fresh.
 

A Consolidation Program in Delray Beach Can Help You Manage Your Debt

Posted on by John Mufson

You see them advertised all the time — debt consolidation plans promising to wipe out mounds of bills, putting you on easy street. But there’s no such place. The experienced bankruptcy lawyers at The Law Offices of John E. Mufson can help you decide if a debt consolidation program in Delray Beach is right for you.

Consider Looking into a Debt Consolidation Program in Delray Beach

You’ve seen the ads: “One low monthly payment.” Many of those companies promise to help get you a 0% credit card or low-interest rate credit card. But truth be told, in many cases, because you’re financially overwhelmed, and your credit score is likely tanking, you’re not going to qualify for such a debt consolidation. And studies show that most people end up running up debt again.

You need to be very careful about choosing to work with a debt consolidation company.
In general, we advise you to avoid them, and, instead, work with a nonprofit agency or a bankruptcy attorney, who can explain to you your options in handling your debt.

Here’s some information, in case you’re leaning towards bankruptcy. The two most common bankruptcy programs are Chapter 7 and Chapter 13. Here are the highlights of each one:

Chapter 7:

  • Individuals and business can file
  • Known as a liquidation form of bankruptcy
  • Most of your property is sold and used to pay back your debts
  • Aimed mostly at people with limited incomes who are not able to make minimal payments on their debts.
  • It takes about three to five months to discharge the debt

Chapter 13:

  • Individuals only (including sole proprietors) can file
  • Known as a reorganization bankruptcy; no liquidation process
  • Your property is not sold, and if you successfully complete a court-mandated repayment plan, you may be able to keep your property
  • Typically takes about three to five years to discharge the debt

Don’t let massive debt and worrying about it, overwhelm you. The Law Offices of John E. Mufson has filed more than 2,000 bankruptcy cases in South Florida, and we are ready to help you. When you are ready to examine a debt consolidation program in Delray Beach, call us at (561) 272-1003 for a free consolidation.

Bankruptcy Attorney Can Help You Select Debt Programs in Delray Beach

Posted on by John Mufson

Financial setbacks can happen to anyone. Crushing credit card debt. Medical Bills. Job loss. Divorce. Many contributing factors can send into a financial abyss. Being there can be overwhelming. You need help. If you’re looking for debt programs in Delray Beach, call the experienced bankruptcy attorneys at The Law Offices of John E. Mufson.

Call Us to Discuss Debt Programs in Delray Beach

Attorney John Mufson has more than 25 years of experience in providing bankruptcy representation and debt relief services to individuals and small-business owners in Palm Beach County. How do you know it’s time to start looking for help managing your debt? Here are some signs that you are in financial trouble:

  • Your credit cards are maxed out
  • Your credit card is often declined
  • Your checks bounce
  • Creditors call you constantly
  • You’re in danger of losing your home
  • You often take money from your saving to help pay bills
  • You have no savings
  • Debt collectors are suing you
  • You often withdraw money from your 401-k or pension
  • You often borrow money from family/friends
  • Worrying about your bills keeps you up at night

If you need help making decisions over your finances or lack thereof, contact The Law Offices of John E. Mufson. We will explain your options. We favor bankruptcy over debt consolidation. Here are some advantages of filing for bankruptcy:

  • Creditors are forced to accept the terms of bankruptcy
  • It eliminates unsecured debt
  • You are not subject to taxation for your discharged debts
  • An automatic stay will protect you from garnishments, repossessions, and foreclosure
  • Places an immediate stop to creditor harassment

Lead Attorney Mufson has filed more than 2,000 bankruptcy cases in South Florida, and he can help you. We represent consumer debtors and businesses who file under Chapter 7 or Chapter 13, the most common bankruptcy programs. When looking for debt programs in Delray Beach, visit the bankruptcy attorneys at The Law Offices of John E. Mufson. Call us at (561) 272-1003 and make an appointment for a free consultation.

Talk to Us About Debt Solution in Delray Beach

Posted on by John Mufson

Medical bills, credit card bills, student loans, job loss, bad investments. Many different issues can send our finances spiraling downward and out of control. If you are overwhelmed with debt and wondering about your next steps, call the experienced bankruptcy law firm – the Law Offices of John E. Mufson. We can help you seek the best debt solution in Delray Beach.

Bankruptcy May Be Your Best Debt Solution in Delray Beach

For many people, bankruptcy is the answer to their financial problems. The two most common bankruptcy programs are Chapter 7 and Chapter 13, and both have advantages and disadvantages. We can talk to you and help you decide which one is best for you. Here are the main differences between the two:

Chapter 7:

  • Individuals and business can file
  • Known as a liquidation form of bankruptcy
  • Most of your property is sold and used to pay back your debts
  • Aimed mostly at people with limited incomes who are not able to make minimal payments on their debts.
  • It takes about three to five months to discharge the debt

Chapter 13:

  • Individuals only (including sole proprietors) can file
  • Known as a reorganization bankruptcy; no liquidation process
  • Your property is not sold, and if you successfully complete a court-mandated repayment plan, you may be able to keep your property
  • Typically takes about three to five years to discharge a debt

Whatever financial move you’re considering, you’re in the right place. Attorney John Mufson has more than 25 years of experience in providing bankruptcy representation and debt relief services to individuals and small-business owners in Palm Beach County. Our firm has filed more than 2,000 bankruptcy cases in South Florida.

Contact us to see if bankruptcy is the appropriate debt solution in Delray Beach for you. We’ll help you understand your rights and options. Call The Law Offices of John E. Mufson at (561) 272-1003, and make an appointment for a free consultation.