Hire a Bankruptcy Attorney or Represent Yourself?

If you are filing for bankruptcy, you have the choice to represent yourself or hire a bankruptcy defense attorney in Delray Beach or your residing area. If you choose to represent yourself, one benefit is that you will most likely save in attorney’s fees. 

However, you will need a general understanding of the legal process and of the laws pertaining to your situation, even with the most straightforward case.

Court proceedings can be confusing even without the onus of dealing with bankruptcy. Additionally, bankruptcy laws are extremely complex. As a result, it is recommended to hire a bankruptcy attorney to make filing for bankruptcy easier, quicker, and in some cases, more cost-effective. In this article, we will further explore the benefits of hiring a bankruptcy defense attorney in Delray Beach.

Higher Chance of Eliminating Debt 

An experienced attorney understands the bankruptcy filing process, has the knowledge needed to take care of the legal paperwork, ensuring that it is filed in a timely manner, obtain necessary documents and deal with creditors. All of these things make it so you have higher chances of actually getting the results you want. Going in and not being prepared or not knowing what to expect makes chances high that you’ll cause a delay or some other error that results in undesired results. 

Furthermore, filing for bankruptcy requires knowledge of the federal code and local case law, such as bankruptcy laws in the Southern District of Florida. An experienced bankruptcy defense attorney in Delray Beach is up to date with current laws and is familiar with courtroom proceedings.

Helps You Decide the Best Option

Should you file for bankruptcy, or is there a more practical route? 

Many individuals who are drowning in debt believe that bankruptcy is their best course of action, but this isn’t always the case. By hiring the Law Offices of John E. Mufson for bankruptcy help in Delray Beach, your attorney will review your finances and provide recommendations. You may be able to manage your debt by selling off assets or negotiating with your creditor. There are many avenues you can take, and your attorney will help you choose the best one to prevent bankruptcy and save your credit.

However, if there is no alternative to bankruptcy, you still have important decisions to make. Depending on your financial situation, you will most likely need to file for Chapter 7 or Chapter 13 Bankruptcy. They each serve different purposes, so if you are unsure which to file for, your attorney can help you choose the best option.

Protection from Creditors 

Anyone who has had debt knows that creditors can be merciless. Once you have hired a lawyer, you can inform debt collectors to send their phone calls to your attorney’s office. Once you have filed for bankruptcy, you will be granted an automatic stay, which prevents creditors from harassing you by collecting a debt.

Peace of Mind 

When you no longer have to deal with creditors, worry about handling paperwork, and research bankruptcy information, you will begin to feel less burdened and that can make a significant difference. 

By hiring a bankruptcy defense attorney in Delray Beach, you no longer worry about:

  • Making mistakes, such as filing for Chapter 7 instead of Chapter 13
  • Negotiating with creditors to provide you with more time to get the money together
  • Prepare for the bankruptcy case and deal with the uncertainty of what to expect

Your experienced attorney will be at your side every step of the way. This peace of mind, especially during a stressful time in your life, will go a long way.

Contact the Law Offices of John E. Mufson

Attorney John E. 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. He has filed more than 2,000 bankruptcy cases in South Florida. 

A large portion of his practice consists of representing consumer debtors and businesses who file under Chapter 7 or Chapter 13 of the bankruptcy code. The office also assists individuals with workouts with creditors, mortgage foreclosures, and credit card lawsuits filed by creditors. Contact us today for a consultation.

5 Signs That Filing for Bankruptcy Could Give you the Fresh Start You Need

Many people experience going into debt in their lifetimes. Whether it’s medical debt, student loan debt, or credit card debt, we all go through it. Sometimes our debt is temporary, or we pay it off, but other times it continues to grow. Seeing that number get larger is overwhelming and stressful. Sometimes, it feels like no matter how much we pay off, it’s never enough. If you feel like this never-ending cycle of debt and making payments is taking over your life, it might be time to consider other ways of finding debt relief. One way you can do that is through bankruptcy and an attorney who knows bankruptcy law in Delray Beach. You don’t need to make a decision right away, but knowing the following five signs can help you decide what to do.


You Spent All of Your Savings

When the going gets tough, we sometimes have to resort to other ways of getting by. And if you recently lost your job or had other life-altering events occur, you might have had to dip into your savings. Whether this savings was for your children’s college education or retirement, it happens from time to time. But usually, there’s a limit of how much we need, and we can bounce back. However, if you find yourself spending all of your savings and depleting your money, then it could be a sign that bankruptcy could benefit you.


You’re Behind on Bills

Missing the occasional bill payment isn’t the end of the world. Chances are that the company or landlord you pay will understand you made a mistake or are going through a rough patch. But when it becomes a habit, you might begin to make some people angry. These people might also stop giving you second chances. The first thing you want to do is evaluate why you are behind on bills. Is it overspending or a general lack of income or money? If you don’t have any money or enough money, it may be time to consider other options. We recommend getting in front of the trouble before doing what some do, turning to loans to pay for bills.


You Avoid Phone Calls or Your Mail

The more debt you have, the more mail and phone calls you will accumulate. The debt collectors and creditors are going to want their money. And these people are aggressive, not stopping at anything to get it, whether that means calling you multiple times a day or sending you mail every week. If you have found yourself avoiding opening the mail or answering your phone, it could be a sign that you know you’re in trouble. However, dealing with debt head-on is the best way to go. Whether that’s filing for bankruptcy or seeking a bankruptcy attorney with expertise in bankruptcy law in Delray Beach, it’s better to stop the debt from mounting further.


Your Credit Cards Are Maxed Out

If your credit cards are maxed out, it may be time to think about bankruptcy and speaking to an attorney that works in bankruptcy law in Delray Beach. Sometimes bankruptcy is the answer to our debt problems. While this doesn’t mean pressing reset to get back into debt, it does mean getting a fresh start. Maxed-out credit cards not only ruin your credit but can cost you tons of money in interest fees. This situation is even more so the case if you have maxed out multiple credit cards.


You’re Always Stressed Out About Money

Everyone gets stressed out about money from time to time. Whether it’s because we have an expense to pay or went a little over our monthly budget, it happens. But money struggles are usually temporary and serve as a learning lesson. However, being stressed about money 24/7 is problematic. Money problems should not seem to haunt you or make everyday life hard for you. If this is your case, filing for bankruptcy may be a good option for you. Consider speaking with a bankruptcy lawyer soon if this sounds like something you are dealing with.


We Can Help!

Do any of these signs point to you and your situation? If so, you may be able to benefit from bankruptcy and an attorney with expertise in bankruptcy law in Delray Beach. To learn more about bankruptcy, click here (https://www.mufsonlaw.com/Bankruptcy/)  we have all the information you need on our website. Or, you can call our team today at (561) 272-1003. We look forward to helping you!

The Truth About Chapter 7 Bankruptcy

What Is Chapter 7?

Chapter 7 bankruptcy is defined as Protection from creditors granted to individuals or companies who legally file for bankruptcy, providing for liquidation of certain assets to pay debts.

A bank trustee is assigned and is tasked with gathering and selling your nonexempt assets. They then take the proceeds to pay off your debtors. There is no payment plan, this is a complete liquidation of your assets followed by immediate payment of debts.

Filing for Chapter 7 is for people who cannot afford to pay the minimum payments on their debts. If your income is lower than the median average in Florida, you probably will qualify for Chapter 7. 

John E Mufson is the best bankruptcy attorney in South Florida. He will listen to you carefully and address any concerns. We want to make sure that filing for Chapter 7 is the right choice for you.


What Are The Benefits Of Chapter 7?

Making the decision to file for Chapter 7 bankruptcy is a serious choice. Your financial future can hang in the balance. Some benefits can outweigh the negative effects of filing. Below is a list of some benefits to filing for Chapter 7.

  • Most credit card debt is discharged.
  • Most medical bills are also discharged.
  • You get to keep your future income.
  • The process is quick, usually only taking 3-6 months.
  • You will qualify for new credit faster than most other bankruptcy alternatives.
  • You will get a fresh start and be free from most personal liabilities.
  • There is no limit to the amount of debt you have.
  • You will receive credit counseling to help you develop a better financial portfolio.

Chapter 7 bankruptcy is a powerful tool in debt relief. It is a personal decision you should consider in-depth. John E. Mufson is an expert bankruptcy attorney and here to discuss the pros and cons of chapter 7 bankruptcy. We have three locations in South Florida to serve you anytime.


What Are The Disadvantages Of Filing For Chapter 7?

If you have had the chance to speak to a bankruptcy attorney, you may have decided that Chapter 7 is the right choice. The consequences should not be as greater than the benefits we listed above. Take the opportunity now to review what the negative aspects are for filing Chapter 7.


  • You will need to rebuild your credit
  • A chapter 7 bankruptcy will remain on your credit report for up to 10 years.
  • It can take up to 2 years before you see your credit score start to rise
  • There are some medical and credit card debts that are not excused from debt.
  • You will need to give up any personal luxury items to pay your debtors.
  • You can only file for Chapter 7 once every 8 years.
  • It will not remove any liens on your car or home.
  • You could lose your car or home to pay off existing debts.
  • Your chapter 7 bankruptcy will be a matter of public record.


How Do I Decide On A Bankruptcy Attorney?

It can be a very complicated decision about deciding whether or not to file for Chapter 7. You should discuss if Chapter 7 is right for you with an expert on the subject. The process can be complicated if you try it yourself and making the wrong decision can be costly. 


John E. Mufson is a member of the Florida Bar, United States District Court for the Southern District of Florida, and the National Association of Consumer Bankruptcy Attorneys. He has over 25 years of experience providing Palm Beach County residents the best in legal advice.


Mufson Law Can Help!

John had filed over 2,000 bankruptcy cases in Florida. He is also a member of the National Association of Consumer Bankruptcy Attorneys. He is an expert in Chapter 7 and Chapter 13 bankruptcy codes. If you are looking for a bankruptcy attorney, you have found him. We have offices in Coconut Creek, Delray Beach, and Boynton Beach. Visit our site or call us at (561) 272-1003 day or night to arrange a free consultation.

3 Instances Where You Should File Bankruptcy in Delray Beach

Sinking into debt comes with a wave of emotions. You may feel stressed out, disappointed in yourself, and lost. But, you don’t need to live with your debt looming over you. There is a chance at a fresh start when you file for bankruptcy. Filing for bankruptcy may feel like admitting defeat; however, sometimes, it’s the best option. There is no shame in needing a fresh start. Thousands of people file for bankruptcy in Delray Beach every year. With the help of an experienced attorney from The Law Offices of John E. Mufson, you can get through your bankruptcy and get the fresh start you want. If you aren’t sure if filing for bankruptcy is the option for you, keep reading. Our team lays out three scenarios where filing for bankruptcy can prove helpful.


Your Credit Card Pays for Your Necessities

One situation where bankruptcy may be a good idea is if you find yourself paying for necessities with your credit card. By necessities, we mean shelter, food, water, and medicine. These are items you should be able to pay for no matter what. If you can pay for these with some money left over, you may not need to file. But, if you cannot afford to pay for these items and are racking up more debt, filing bankruptcy in Delray Beach may help. When you file bankruptcy, all of your debt, except for student loan debt, is cleared. You can have a fresh start and put all of your money towards necessities, instead of debt. When you have crippling debt, it’s hard to get out. And even more difficult to avoid racking up more debt.


You Don’t Know How Much You Owe

Racking up debt in the form of health care, student loans, or credit cards may be easy to keep track of. However, after some time, you may lose track of your debt. This scenario is even more true if you have multiple streams of debt. For example, if you have credit card debt and healthcare debt. Staying on top of your debt is vital as it helps you make payments on time and plan. Getting in front of debt is hard, but once you start to pay it down, things get easier. However, you can only do that if you know how much you owe. If you find yourself constantly forgetting how much money you need to pay, it may be time to consider other options. Debt racks up quickly, and interest rates do not help. The more you drown in it and struggle to stay on top of it, the worst it gets. Sometimes filing bankruptcy in Delray Beach allows you to start fresh. Or, if you have student loan debt along with other debt, it gives you a chance to focus on one loan.


Bill Collectors are Calling You

Last but not least, if bill collectors are always calling you, it may be a sign to consider bankruptcy. This sign isn’t tell-tall; but, if it’s happening along with one of the other, it’s time to file for bankruptcy. If the bill collectors are calling you over one form of debt, maybe you don’t need to take that step yet. However, the best way to determine what your best move is to contact an attorney. A bankruptcy attorney can help you figure out a game plan and if bankruptcy is right for you. Chances are that if one or two of these signs are occurring, it may be that time. But the only way to know for sure is to have an attorney evaluate your unique situation. 


Contact Us Today!

To get a free consultation regarding your debt situation, reach out to The Law Offices of John D. Mufson team today at (561) 272-1003. Or, go on our website and fill out the contact form. A member of our team will be in contact with you as soon as possible. You may not need to file for bankruptcy, but having an attorney’s opinion can help you game plan for the future.

How Can a Bankruptcy Lawyer in Delray Beach Help You?

Deciding whether or not filing for bankruptcy is a good idea for you is a hard decision to make. There are many factors to consider. You may run it over in your head many times, coming to a different conclusion each time. File bankruptcy, wait it out, file bankruptcy, it can get overwhelming having to make such a difficult decision. If you are in this situation, it may be time to get an expert’s opinion. At The Law Offices of John E. Mufson, our bankruptcy lawyers in Delray Beach can help you. Our team can give you a free consultation, hear your situation out, and advise you on what to do. Even if you aren’t in a rush to make a decision, you can at least know what a professional thinks you should do. To learn more about how a bankruptcy lawyer can assist you, stay tuned.


Credit Score Recovery

The biggest downside to filing for bankruptcy is how it affects your credit score. But, if you are drowning in debt, chances are that the debt is bringing your credit score down too. In this situation, you need to consider the lesser of two evils. If you keep living a life in debt, you may find it difficult to recover, and it may take years or some drastic life change, such as a high paying job. If you file for bankruptcy, your credit score may take a large hit, but without the debt, you can recover with time. When you choose the bankruptcy option, your bankruptcy lawyer in Delray Beach can help you out on the credit score recovery front. We can find ways to restore it to what it was before the bankruptcy. We can also evaluate your current situation if you aren’t sure what to do. By doing this, we can let you know how your credit score will play out in both scenarios.


Debt Payments

While your attorney cannot pay off your debt for you, they can help you better manage it. We will take a look at your different kinds of debt and see what the best course of action is. If you choose to file for bankruptcy and still have remaining debt, such as student loans, we can help you find ways to pay it off. It may take some time for you to make a dent in it, but a lawyer will be able to assist you with budgeting and cutting spending. We will also be able to give you insight into what debt the bankruptcy can relieve you from and how much debt you will have afterward. It’s critical to keep in mind that expecting all of the debt to go away isn’t realistic. Some debt cannot be relieved with bankruptcy. And the debt that can be relieved may not completely go away; you may still have a small balance. 



One reason many do not want to file for bankruptcy is out of the fear that they will lose everything. But it doesn’t quite work like that, especially with a bankruptcy lawyer in Delray Beach on your side. Your lawyer can try and ensure you are left without debt and left with some vital belongings. Some people are afraid of losing their home, car, and possessions, but we will work hard to make sure you keep these things. We understand how losing property and vehicles can set people back, which is why we fight for you and your case. At The Law Offices of John E. Mufson, our team will work hard to try and prevent foreclosure and repossession.

Contact Us Today!

Filing for bankruptcy may not be what you want to do, but knowing if it’s a good option for you is vital. And speaking with a professional is the only way to know what is best for your unique situation. To get your free consultation today, reach out to the team at (561) 272-1003.

How Filing for Bankruptcy Changes Your Life

Bankruptcy is one of those topics of conversation that usually don’t come up organically. This is partly due to the stigma that surrounds those who utilize bankruptcy to get out of a bad situation. While we don’t blame people for wanting to keep their financial life private, the topic should not be frowned upon or considered as a negative one. If more people knew about bankruptcy and how it works, it could help those who may be able to benefit from it. While going through bankruptcy should not be glamorized, it most definitely should not be shunned in conversations. Here at The Law Offices of John E. Mufson, we choose to think about bankruptcy as a reset button. It is a chance for someone to start over and rebuild. If you are in a situation that feels like debt has overcome your life, then let our team help you. We can sit down with you and find out if filing for bankruptcy can help your unique situation. In the meantime, keep reading to get an idea of how filing for bankruptcy can change your life.


What Happens After Filing for Bankruptcy?

When you file for bankruptcy you are going to face some negative consequences, but once the process is over you will find that the fresh start is exactly what you needed to move forward. It’s important to know that there are also different kinds of bankruptcies you can file. While many will have similar consequences. Some may be better or worse for you depending on your unique situation.


Material Losses

After you choose which kind you want to file you are going to more than likely going to face some loss. While the reset button will be happily given to you, you are not going to get it without going through the wringer temporarily. This is why we always suggest speaking with an attorney about this decision before you make it. You want to make sure that the benefits outweigh the consequences before you file. But don’t worry too much, that’s what our team at The Law Offices of John E. Mufson are here for. A potential loss consequence of filing for bankruptcy is the loss of property or material items. You are not going to have debt erased without paying back creditors to an extent. This means that you may have to give up your home or homes, depending on your situation. If not your home, at the very least you will face losing expensive jewelry, vehicles, antique items, and other material possessions.


Damaged Credit

You may also face a damaged credit. This may have already been a reality of your life with outstanding debt; however, if your credit was not already damaged, it will be now. Not to say that it will always be like this. You will be able to rebuild it, it will just take some time. Lenders may choose to lend to you with higher interest rates in the future or decide to lend you less than they otherwise would have. However, your fate is not sealed by bad credit. By working with your attorney you can find a “give and take” situation that works best for you. For instance, some people find a way to not give up their home. Thus, they do not have to worry about the bad credit as much as they are not planning on taking out a new mortgage anytime soon. This is why it is so important to work with the best bankruptcy attorneys. Such as our team at The Law Offices of John E. Mufson.


Contact Us Today

If you have been struggling with debt and have no way of escaping it, then filing for bankruptcy may be a solution for you. While there are many downsides to filing for bankruptcy, the freedom you will have from your debt will allow you to receive more positives. Such as being debt-free and getting a second chance at rebuilding your credit. Living with debt isn’t easy, and neither is filing for bankruptcy, but we know you can turn things around once you bite the bullet and do it. To learn more about how to file for bankruptcy and if it is right for you, give us a call today at (561) 272-1003.

Trust an Experienced Bankruptcy Attorney in Delray Beach to Protect your Rights

Many people want to know exactly how to file for bankruptcy. Whether you’re filing Chapter 7, 11 or 13, the process can be complicated. That’s why it’s in your best interest to find legal guidance for this matter. You want a Chapter 13 bankruptcy law firm in Delray Beach that has the years of experience and knowledge in understanding all of the ins and outs involved with processing your case through the court system. The exceptional team of attorneys at, The Law Offices of John E.  are here to help you navigate the bankruptcy system and explore your best options.

Which Is The Best Bankruptcy Option for Me? Chapter 7, 11 or Chapter 13? 

All options are available to individuals, but for most, usually Chapter 13 makes the most sense. Let’s break it down here and see why:

• Chapter 7 – If you file this type of bankruptcy you are required to liquidate all of your assets to quickly pay off your debts. No payment plan is needed as all of the liquidated assets will be enough to cover your debt. If you owe far more than you could ever fathom paying back, then you may be a candidate for Chapter 7 bankruptcy. 

• Chapter 11 – This is mainly for businesses, but can also be applied to an individual. Essentially, a repayment plan is created to help reduce your debt. The case must be agreed to by your creditors and confirmed in court. Chapter 11 usually makes sense for individuals or businesses with a very large amount of debt to pay back. 

• Chapter 13 – This type of bankruptcy is most commonly filed by individuals who have under $400,000 or less worth of unsecured debt. In this scenario, you keep your property in exchange for paying creditors your disposable income over a three to five-year repayment plan. Your creditors are required to stop all collection notices and you may even get your debt reduced or even wiped out completely. 

How do I get in touch with the best Chapter 13 bankruptcy attorney?

There is no clear-cut path to negotiating a bankruptcy settlement. In fact, we differ from many of the debt relief companies out there who will try to take advantage of you. That’s because we really try to help our clients get out from underwater without risking the destruction of your credit score for 10 years or more. Our team of exceptional chapter 13 bankruptcy attorneys has the years of experience to negotiate the most effective settlement for you. Rest assured we can help you determine which path may be the best for you to take. Because the bankruptcy choices you are presented with can feel incredibly overwhelming, we provide several options designed to help you get out of debt. 

How do I get started?

The best way to begin is to sit down face-to-face with one of our chapter 13 bankruptcy attorneys in Delray Beach. Rest assured that we will negotiate a fair and manageable plan for you. Filing for any type of bankruptcy, whether it be 7, 13, or 11 if you own a business, it is a complex matter best left to a professional. We can create an actionable debt relief plan for you that will not destroy your credit as some advertised debt relief plans do. We can help you regain your life and be free from debt once again. Don’t you owe it to yourself and your family to make this financial change? You deserve the most aggressive legal assistance, guidance, and representation you can find from a Chapter 13 bankruptcy lawyer in Delray Beach. Our many positive reviews don’t lie; it’s what we do for our clients every day is to help them rebuild their futures. We can do the same for you! To get started, please call us for a free consultation at (561) 272-1003. We are open and ready for business during this challenging time. 

5 Things You Should Know Before Filing for Bankruptcy

Financial strains are one of the top reasons people experience anxiety, depression, and stress. When you’re in debt, your life just isn’t the same. Debt can make certain things difficult or less enjoyable. If your debt is massive enough, you may not be able to qualify for decent housing, leasing a car, or other obligations regarding your credit. If you feel like you are drowning in debt, you may want to consider filing for bankruptcy. If you are considering filing for bankruptcy for debt relief, the Law Offices of John E. Mufson has provided 5 things you need to know before your file for bankruptcy.

Understanding the Different Types of Bankruptcy 

Unless you’re an expert in accounting or the law, debt solutions may seem nonexistent. Fortunately, the Law Offices of John E. Mufson are experts in the law and have both knowledge and experience with bankruptcy laws and will help you navigate through them and understand your options. When filing for personal bankruptcy claims, there are two main options: Chapter 7 bankruptcy and Chapter 13 bankruptcy.  

Chapter 7 Bankruptcy, commonly known as liquidation bankruptcy, means you unable to make minimum payments on your debts to become debt-free. This form of bankruptcy requires the liquidation of all assets to settle debts, i.e. the name. In addition to liquidating all your assets, filing for Chapter 7 Bankruptcy allows individuals to halt harassing phone calls and foreclosure proceedings, forcing creditors to accept the terms of your settlement. Once a discharge has been issued by the courts, you then may begin focusing on rebuilding your credit. However, if your debts exceed a certain amount or you belong to a higher tax bracket, you may not qualify. Contact the Law Offices of John E. Mufson for more information today!  

Chapter 13 Bankruptcy a form of consolidation and repayment plan, it is considered the reorganization option for bankruptcy. With a more affordable three to five-year payment schedule, this bankruptcy option offers debt relief without completely surrendering all that you own. Similar to filing for Chapter 7 Bankruptcy, this option stops harassing phone calls and threats of repossession or foreclosure. Additionally, making your payments regularly and on time helps to build your credit as you pay off the debts. Once you’ve successfully paid off the agreed-upon amount, your remaining debts will be dismissed!

The Consequences of Bankruptcy 

Although bankruptcy sounds like a get out of jail free card, it’s not. If you decide to file for a Chapter 7 Bankruptcy, all your good credit will be wiped along with your bad credit. Furthermore, filing for bankruptcy also stays on your credit history for up to 10 years, which may impact things like purchasing a home or leasing a car. Having a bankruptcy on your credit history may also affect your chances of approval and interest rates on loans, the ability to find an apartment, and other financial transactions. 

Bankruptcy Doesn’t Cover All Debts

When you file for bankruptcy, not all debts may be dismissed. For example, child support will still be required to be paid, even if you file for bankruptcy. Seeking other debt programs in Delray Beach can help you manage these expenses. The Law Offices of John E. Mufson can guide you through your available options. 

Stays on Public Records

If you decide to file for bankruptcy, you need to be aware that it will be available through public records. The general public will have access to your record and see when and how many times you have filed for bankruptcy. If this concerns you, you may want to consider other debt solutions available to you. 

Creditors Can Challenge Your Request 

Filing bankruptcy is not a guaranteed solution. Depending on how much you owe, lienholders or other lenders can challenge your bankruptcy. You need to have an experienced bankruptcy lawyer in Delray Beach can help you navigate the court process should a company decide to challenge your filing. At the Law Offices of John E. Mufson, we are well versed in bankruptcy law and fully capable of helping you make the best decision for your specific situation. If any of these points raised any concern to you or you related to any of them, please contact our office today by calling (561) 272-1003.

Why File For Bankruptcy?

Many actors, singers, journalists, and working professionals have filed for bankruptcy at some point in their lives. If bankruptcy is a way celebrities and other professionals handle their overwhelming debts, you may find yourself wondering if declaring bankruptcy in Delray Beach can work for you too. At The Law Offices of John E. Mufson, we know that bankruptcy isn’t just for celebrities. Everyday normal folks all throughout West Palm Beach can benefit from bankruptcy, finding their path to renewed financial freedom. If your debts have become more than you can handle, then it’s time to consider seeking help from one of the most dedicated bankruptcy law firms in Delray Beach, The Law Offices of John E. Mufson. Bankruptcy may be your lifeline out from the sea of debt you’re currently drowning in, and our expert team of attorneys can help you swim your way out!

Is Bankruptcy the right solution for me?

Bankruptcy is a viable solution for many people who have become overwhelmed with debt, but it’s important to determine whether or not it’s your best option. The lawyers at The Law Offices of John E. Mufson take a personalized approach to bankruptcy assistance. To start, we’ll help you assess your current financial situation. For some people, bankruptcy is a great fit, but for others, it is not their best financial option. Our expert legal team can help you understand which financial solutions are the best fit for your challenges and the benefits bankruptcy may or may not bring you. 

How do I get started?

When you consider filing for bankruptcy, the first thing to consider is how it can benefit you. There are many benefits to declaring bankruptcy. Depending on the type of bankruptcy you seek, your unsecured debts can be greatly reduced or entirely eliminated. For example, Chapter 7 bankruptcy can liquidate debts such as credit card bills. Chapter 13 bankruptcy can refinance existing debts into affordable payment schedules that often include lower balances than what you initially owed. Our bankruptcy law firm in Delray Beach is prepared to help you understand what filing for bankruptcy means and to determine your best options. Let the expert bankruptcy lawyers at The Law Offices of John E. Mufson guide you towards the financial future you deserve. To learn more about how we can help with your individual situation, please call for a free consultation with one of our skilled bankruptcy attorneys in Delray Beach at (561) 272-1003.  

Do Millennials Need More Debt Relief Than Previous Generations?

The average person in Florida might be hard-pressed to find a news article that shines a positive light on the millennial generation. Frequently criticized for supposedly taking down the napkin and chain restaurant industries, articles often shine a light on the difficult financial situation that many millennials find themselves in. While it might be true that some of the young adults in this generation are in need of debt relief, many are doing just fine.

Millennials range in age from late 20s to their 30s; and their spending habits reflect their age. That is not necessarily a bad thing, though. According to an expert in personal finance with NerdWallet, millennials are on track to be in the same financial position as baby boomers in a few decades. This seems to contradict what many people love to believe about millennials, which is that they are irresponsible with their finances.

What may come as even more of a surprise is that millennials’ financial priorities are largely the same as those of their baby boomer parents. In a survey that asked adults what they would do with an extra $1,000, the majority of both generations prioritized saving and investing. One surprise was the baby boomer attitude toward traveling. In this survey, 7% said they would spend the money to travel while only 3% of millennials would use the money for that purpose.

While it is good news that adults of all generations have their financial priorities in order, having good spending habits does not necessarily prevent anyone from going into debt. Additionally, millennials are not shielded from needing debt relief just by virtue of being young. Rather than spending years trying to climb out of impossibly steep debts, some young adults in Florida might find a better outcome from pursuing personal bankruptcy.

With student loans becoming an increasingly hot button topic as a pressing financial concern and burden for the financial livelihood of millennials, more people are seeking ways to find a debt solution in Delray Beach.

It is important that if you are a young person—or of any age—seeking debt plan or debt program in Delray Beach, that you contact a professional. The Law Office of John E. Mufson has been helping people in South Florida get debt relief for more than 25 years. Call us today at (561) 272-1003 for a free consultation.