When bills start piling up and you simply can’t afford to make your payments you need to look for options to eliminate your debt. For individuals who are struggling with debt bankruptcy may be the best option for them. Many people get scared when they hear the word bankruptcy, but in many cases it can help you eliminate your debt and get a fresh start. If you are smart with your money and stick to a budget, bankruptcy can help eliminate your debts and increase your credit over time. Chapter 7 bankruptcy in Delray Beach is one option you may have if you’re an individual looking to file. The other option is chapter 13 bankruptcy. Before making any decisions it’s important to speak with an attorney who can help you determine the best option for you. Our team at The Law Offices of John E. Mufson can help you determine the best option to eliminate your debts.
How can Chapter 7 Bankruptcy help me?
When someone is struggling with large amounts of debt, they’ll listen to all of their options to eliminating their debt. Chapter 7 bankruptcy is one option that could work for you. When you file for chapter 7 bankruptcy, you must sell all of your assets to pay back your debts. Once you file all harassing creditor calls will stop and you can begin rebuilding your credit right away. The biggest positive of chapter 7 bankruptcy is it gives you a fresh start, and with smart financial decisions you’ll be in a much better place after you file. Filing for bankruptcy can help if you’ve been struggling with any of the following:
- Medical bills
- Credit card debt
- Loss of job
When you look at your bills each month do you become stressed and worried about how you can pay all of your bills? It can be easy to fall into debt, and seemingly impossible to climb back out of debt. Bankruptcy is one option to give you a fresh start financially. If you’re struggling with debt and think bankruptcy could be an option for you, now is the time to speak with our attorneys at The Law Offices of John E. Mufson. We’ll go through your finances and help you determine if filing for chapter 7 bankruptcy in Delray Beach would be the best option for you. Call us today to schedule a free consultation.