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 Most Important Things to Know Before Filing for Bankruptcy

Money seems to rule the world, but you shouldn’t let it rule over you. When you’re suffering from a financial strain such as debt, your life just feels like it can’t be lived to the fullest. Not only does debt feel like a looming rain cloud, but it also can stop you from qualifying for decent housing, leasing a car, or other necessities. 

 

Before you decide to file 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.

 

Knowing the Difference in Types of Bankruptcy 

Unless you’re an expert in accounting or law, debt solutions may seem nonexistent. However, with the help of the Law Offices of John E. Mufson, you can gain a greater understanding of the options you have for debt relief. 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 this confusing time. When filing for personal bankruptcy claims, there are two main options: Chapter 7 bankruptcy and Chapter 13 bankruptcy.  

 

Chapter 7 Bankruptcy, commonly referred to 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, which is why it’s called liquidation bankruptcy. When an individual files for Chapter 7 Bankruptcy, the harassing phone calls, and foreclosure proceedings stop, and the creditors must 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. Moving onto chapter 13 Bankruptcy…  

 

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!

 

Bankruptcy Doesn’t Cover All Debts

A common misconception is that bankruptcy dismisses all your debts. For instance, if you pay child support, it will still be required to be paid, despite filing for bankruptcy. Seeking other debt programs in Delray Beach can help you manage these expenses and learn more about your options.

 

Stays on the Record Books

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. Filing for bankruptcy can stay 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, ability to find an apartment, and other financial transactions. 

 

Mufson Law Can Help!

One should be aware that filing for bankruptcy is not a guaranteed solution. Depending on how much you owe, lienholders or other lenders can challenge your bankruptcy correct. You need to have an experienced bankruptcy lawyer in Delray Beach who 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.

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. 

 

Repossessions

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.

Bankruptcy is A Growing Epidemic in America

If you’re thinking about filing for bankruptcy, then you are not alone. Millions of Americans file for bankruptcy every year and it’s a serious growing epidemic. If you’re reading this, you’re probably bogged down with a lot of debt from credit cards, school or personal loans that you just can’t handle. If you find yourself wondering, “How could this happen to me,” it’s nothing to be ashamed about. It’s more common than you think. The truth is that it happens to people from all walks of life. Sometimes bills pile up and it just becomes impossible to make ends meet. At The Law Offices of John E. Mufson, we know how tough it can be to manage your bills, credit card debts, medical expenses and just the costs of day-to-day living. If you owe far more than you make in a month, if you’re fed up with calls from creditors or if you’re constantly worrying about your bills, call the experienced bankruptcy law firm in Delray Beach, The Law Offices of John E. Mufson. We have a great success record and we’re one of the best bankruptcy law firms in South Florida.  

How Does Bankruptcy Work Exactly?  

Filing the paperwork for bankruptcy can be complicated, which is why it’s vital to engage the legal guidance and support of an experienced bankruptcy law firm in Delray Beach like The Law Offices of John E. Mufson. We are here to discuss all of your options when it comes to deciding whether to not to file for bankruptcy.   

What Are My Bankruptcy Options?  

There are a few different types of bankruptcies and one may be a better choice for individuals and another may be a better choice for business owners. The two most common types of bankruptcy are:   

Chapter 13 is the best choice for many individuals. If you have the financial ability to pay off some of your debts but not all of your balances, then Chapter 13 may be the right fit for you. This form of bankruptcy involves a debt restructuring plan. Your income, debt, and expenses are analyzed, then your debts are restructured into payment amounts and cycles that match your financial capabilities. This means that with the help of Chapter 13 bankruptcy, you pay back only a small portion of your debt, a portion that won’t cost more than you can handle. The leftover balances after the Chapter 13 payment period can simply be wiped clean in many cases.   

Chapter 7 is another type of bankruptcy that you can file. If you owe far more than you can pay back, then you may be a candidate for Chapter 7 bankruptcy. Here, assets are exchanged for exemption of debts. Essentially, your credit card debts, medical bills, and other debts are wiped completely clean. You are not required to set up a payment plan, but instead, you exchange nonexempt assets for debt liquidation.    

At The Law Offices of John E. Mufson, a leading bankruptcy law firm in Delray Beach, we’re here to help you understand how to approach bankruptcy and determine if it’s the right move for a person in your financial situation. We can guide you towards the healthy financial future you deserve, with legal assistance, support and the best representation in South Florida. To learn more about how we can help with your individual situation, please call (561) 272-1003 for a free consultation and to meet with one of our skilled bankruptcy attorneys. 

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.

What Debt Does Bankruptcy Not Discharge?

When filing for bankruptcy, one of the most common things people look forward to having is the majority of their unmanageable debt dismissed or discharged. Sadly, this isn’t a reality for every person who experiences bankruptcy.

Not at all debt is qualified for discharge during bankruptcy. Regardless of which chapter of bankruptcy you file for, there are some types of debt which will not be cleared or covered by the acquittal of your case. Knowing these in advance can help prepare you for the best possible outcome during the bankruptcy process—and prevent unpleasant surprises later!

What Debt Does Bankruptcy Not Cover?

Some debts cannot ever be discharged during bankruptcy, regardless of any other circumstances. These are consistent from state to state and include legal obligations such as child support and alimony. Other types of debts that can never be dismissed by a bankruptcy discharge include restitution owed for legal infractions (penalties owed for breaking the law), wrongful death penalty costs, and certain types of tax debt.

If you owe condo, coop, or HOA fees—or have retirement-related debt—you will continue to be responsible for these payments during and after a bankruptcy. Likewise, if you refuse to list or ‘schedule’ a debt as part of your bankruptcy filing, there is no way that it can be dismissed as part of a bankruptcy discharge unless that creditor had prior and specific knowledge of your bankruptcy filing and is willing to release your debt as part of it.

Other types of debts are simply difficult to discharge. Student loan debt is famous for being difficult to discharge. Proving long-term and ongoing financial hardship that will make repaying this debt impossible or improbable is typically the only way to get this type of debt released—and this is a difficult task, even for an experienced legal professional. More lenient policies are making it easier to get student debt discharged than it has been in the past, but it remains a tricky proposition in regard to bankruptcy.

In some cases, creditors can even appeal the automatic stay process that keeps them from pursuing compensation of debts owed during your bankruptcy. This means that the protection that bankruptcy would typically afford you would be compromised at the order of the court, and these creditors would be allowed to pursue repayment of your debt regardless of your active bankruptcy case. This can leave you and your creditor stuck in a seemingly endless loop of appealing to the courts to explain why you deserve relief from the other’s actions. This makes determining what debt does bankruptcy not cover nearly impossible—and the process of bankruptcy itself far more stressful than it needs to be!

Debts Worth Arguing Over

Some debts are discharged unless the creditor successfully argues that they should not be. Being informed of these can help prepare you for the chance that your creditors will pursue payment of these debts. These debts may include:

  • Debts belonging to creditors not listed on your bankruptcy paperwork
  • Fraud-related debts
  • Debts related to willful or malicious acts
  • Debt incurred from larceny, embezzlement, breach of fiduciary duty, etc.
  • These guidelines also apply to debts incurred from the purchase of luxury items or services, with specific regulations. For purchases of more than $725, they must have been made within 90 days of filing. Cash advances of over $1000 taken out within 70 days of filing also fall under these guidelines.

No Absolute Right to Discharge

What debt does bankruptcy not cover? If you don’t follow the rules, the answer could be all of it. After all, there is no absolute right to discharge of a bankruptcy. Too many people enter the bankruptcy process believing that they can behave any way they see fit and receive a discharge and walk out of court with all of their debts left behind.

Failing to follow the rules of your state and the national bankruptcy law can result in an objection on the part of the bankruptcy trustee to discharge your debt. How can you stay within the lines and play by the rules? It helps to know them.

Here’s what to do if you’re hoping for an uncomplicated discharge:

  • Provide all request documentation, including tax documents in a timely manner
  • Do not hide, transfer, or destroy assets, records, books, documents, or otherwise try to commit fraud or hinder any investigation into your finances related to your bankruptcy case
  • Ensure that all of your assets can be accounted for
  • Show up for all requested or required court appearances and be honest and forthcoming with those you speak with regarding your bankruptcy
  • Complete a financial management course during your bankruptcy to ensure mastery of financial concepts and a better outlook for your financial future
  • Be sure that you don’t file for bankruptcy too soon after previously doing so, as this may cause your case to be rejected for discharge automatically.
  • In some cases, you can follow all the rules to the letter and still find out that there are perfectly legal reasons why your creditors are capable of standing in the way of your discharge. When this happens it can be devastating. However, with the right counsel and some research on your side, you can expect to move through a bankruptcy with relatively little stress.

It is important to always discuss the details of your case with a local legal professional who specializes in bankruptcy and related issues. Bankruptcy law firms in Delray Beach can be upfront with you about your options for debt relief. If filing for bankruptcy is the plan best for you, our legal team at The Law Office of John E. Mufson will take the time to fully explain your options so that you’re truly confident in the decisions you’re making. Call us today at (561) 272-1003 for a free consultation.

How Can I Get Out of Debt Without Losing Everything I Own?

If you’re thinking about filing for bankruptcy, it’s nothing to be ashamed about. In fact, the average American has about $38,000 on average in personal debt excluding home mortgages. The truth is that it happens to people from all walks of life. Sometimes bills pile up and it just becomes impossible to make ends meet. At The Law Office of John E. Mufson, we know how tough it can be to manage your bills, credit card debt, student loans, medical expenses and just the daily cost of living in our materialistic society. If you owe far more than you make, if you’re fed up with calls from creditors or if you’re constantly worrying about your medical bills and inability to pay back your student loans, don’t despair, help is available. Call on a professional bankruptcy law firm in Delray Beach like The Law Office of John E. Mufson. We have a great success record and we’re considered one of the best bankruptcy law firms in Delray Beach.

How does bankruptcy work exactly?

Filing the paperwork for bankruptcy can be tedious and complicated, which is why it’s vital to engage the legal guidance and support of an experienced bankruptcy law firm in Delray Beach. The skilled bankruptcy attorneys at the Law Office of John E. Mufson can discuss all of your options when it comes to filing for bankruptcy and the best options to choose from.  

What are my bankruptcy options?

There are a few different types of bankruptcies and one may be a better choice for individuals and another may be a better choice for business owners. These are considered the most sensible bankruptcy options: 

Chapter 7 is a type of bankruptcy that an individual can file. If you owe far more than you can pay back, then you may be a candidate for Chapter 7 bankruptcy. Here, assets are exchanged for exemption of debts. Essentially your credit card debts, medical bills, and other debts are wiped completely clean. You are not required to set up a payment plan, but instead, you exchange nonexempt assets for debt liquidation.  

Chapter 13 is the best choice for many individuals. If you have the financial ability to pay off some of your debts but not all of your balances, then Chapter 13 may be the right fit for you. This form of bankruptcy involves a debt restructuring plan. Your income, debt, and expenses are analyzed, then your debts are restructured into payment amounts and cycles that match your financial capabilities. This means that with the help of Chapter 13 bankruptcy, you pay back only a small portion of your debt, a portion that won’t cost more than you can handle. The leftover balances after the Chapter 13 payment period can simply be wiped clean in many cases. 

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 Office of John E. Mufson help you get rid of your debt and 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.    

Has Overwhelming Debt Sent You into Hiding?

If your debt has been piling up and you feel like you are drowning in it year after year with nowhere to turn for help, it may be time to contact a trusted Chapter 13 bankruptcy lawyer in Delray Beach. It’s easy to be fooled by the ads on TV that promise to easily eliminate and consolidate your debt into lower payments that you can handle. The truth is that many of these companies charge high fees for their services and the last thing you need when you’re trying to get out of debt is to pile on yet another debt. When credit card debt and the stress of worrying about it is overtaking your life and even the minimum payments are hard for you to handle, it may be wise to consider filing for Chapter 13 bankruptcy. To accomplish this, you are going to need a legal professional that understands how to best approach debt consolidation. If you’re looking to negotiate credit consolidation in Delray Beach through Chapter 13 bankruptcy, the team at The Law Offices of John E. Mufson is here to help. Our attorneys can handle your case and explore every avenue to ensure the success of your Chapter 13 bankruptcy. We understand the best and most effective approach to successful debt restructuring. Through Chapter 13 bankruptcy, many of your debts can be reduced and even eliminated. All-in-all it’s a positive scenario—you may pay back much less than you owe, or in the best-case scenario, pay back nothing at all.   

How Can our Experienced Law Team Help You? 

At the Law Offices of John E. Mufson, we work with Chapter 13 and Chapter 7 bankruptcies. Through our Chapter 13 bankruptcy attorney in Delray Beach, your debts are restructured into payment plans that are tailored to how much you can pay back comfortably. How it works is that our attorneys contact your creditors, and we negotiate with them to get you the best debt repayment plan possible.  In addition to chapter 13 bankruptcy filing, our bankruptcy lawyers handle Chapter 7 bankruptcy in Delray Beach, helping those facing major credit card, mortgage and even student loan harassment. Automatic stays during both Chapter 13 and Chapter 7 bankruptcy negotiation can help put an end to creditor harassment as you work towards debt and credit card relief.  

There is No Reason to Hide with Our Law Team on Your Side 

When your creditors come knocking at your door, there is no reason to hide. The professional chapter 13 bankruptcy lawyer in Delray Beach at The Law Office of John E. Mufson, understand how to best approach your case to ensure the best personal outcome for you. Under our direction, you will successfully alleviate the weight of your personal debt. Our experienced team at The Law Offices of John E. Mufson is here to help bring about the best solutions to your debts through either Chapter 13 or Chapter 7 bankruptcy. If you fall victim to the vicious credit card cycle, learn more about how to get out from under your debts once and for all. Whether it be credit card debt, loans, hospital bills or auto repossession, our team of Chapter 13 bankruptcy lawyers in Delray Beach are here to offer you the help and support you need. Call us today at (561) 272-1003 for a free, no-obligation consultation.   

How to Know When it’s Time to File for Bankruptcy

Piling up debt seems like the norm our society today, and so it makes sense that more and more people will see filing for bankruptcy as the only alternative to getting out of debt in the coming years. While it isn’t something we want to happen anytime soon, there are some that see bankruptcy as their only option to escape debt. Your outstanding debts over the years may include credit cards, mortgage, car loan, hospital bills, doctor and dentist bills, car loans, student loans or personal loans. If these debts have become more than you can handle, filing for bankruptcy may be a viable financial option. If this sound like you, then don’t despair because there is help for you out there. If you’re considering filing for bankruptcy, it’s important to find an experienced bankruptcy lawyer in Delray Beach to work with because you want to make sure you file all of the papers properly or risk being turned down by a bankruptcy court. At the Law Office of John E. Mufson, our expert legal team is here to help you navigate through the bankruptcy process from start to finish. It can be overwhelming, but rest assured, we specialize in helping our clients find a wide range of solutions to paying back debt.  

Common Mistakes to Avoid if You’re Thinking of Filing for Bankruptcy 

Filing for bankruptcy isn’t an easy process and it requires more than just filing paperwork. You might not know that should not do this before filing for bankruptcy:  

  • Don’t incur any more debt. We know that sounds like a no brainer but you’d be surprised at how many people still continue to use their credit cards after they file the bankruptcy paperwork. You risk not being approved because the bankruptcy court may think that you aren’t serious and have no intention of paying your debts back. This would actually be considered fraud. 
  • Don’t lie about your assets or provide inaccurate information. This is the time to let it “all hang out,” so to speak. If you lie about any of your assets you could be subject to penalties that could equal thousands of dollars. This would include not so obvious things like assets in safe deposit boxes or storage units. Worse yet, lying about assets may cause a bankruptcy court to dismiss your case altogether.  
  • Don’t file for bankruptcy if you think you might come into some money (like a gift or an inheritance) within the first year of filing. It’s most likely that your bankruptcy case will be dismissed because you can use this money to clear up your debt on your own. 
  • Don’t wait too long to file for bankruptcy. It’s always best to file as quickly as possible so that you don’t incur any more debt and especially if a creditor has a lawsuit against you. A bankruptcy attorney in Delray Beach like The Law Office of John E. Mufson can help you make sense of it all and can advise on the ins and outs of bankruptcy law. 

If you’re thinking about filing for bankruptcy, it could not have been an easy decision for you. But when you work with our experienced legal team at the Law Offices of John E. Mufson in Delray Beach, you’ll get honest answers and the highest quality customized client care that you deserve. If you’re considering bankruptcy but our team determines that it’s not aligned with your financial needs and goals, we’ll be upfront and let you know. While you may be shocked to realize that bankruptcy isn’t in your best interests, you’ll also be glad that a bankruptcy lawyer in Delray Beach was upfront with you about your options for debt relief. If filing for bankruptcy is the plan best for you, our legal team will take the time to fully explain your options so that you’re truly confident in the decisions you’re making. Call us today at (561) 272-1003 for a free consultation. We are available to our clients both nights and weekends.