When to File for Bankruptcy in Delray Beach

The word bankruptcy tends to have a negative connotation to it. People hear the word and instantly associate it with ideas of failure. However, things happen and life does not always go as planned. There’s absolutely nothing wrong with having to ask for a fresh start. It happens to the best of us from time to time. Here at The Law Offices of John E. Mufson, we know better than anyone what it is like going through bankruptcy. Not only is it stressful but it can be difficult to know if it’s the right decision for you. After all, no one wants to ever talk about the topic or share their personal experiences with bankruptcy. But we believe that this fresh start should not have any stigma attached to it. This is why our team of experts has come up with a guide to help you understand what bankruptcy is and when to file for it. We can help you with the rest.

What Does Bankruptcy Even Mean?

Bankruptcy is usually the route some people take when their debt has drowned them. They do not have any other options and are fighting back at their debt, but while they do this they are putting themselves in more debt. It does not happen often and to many people, but unfortunately, some people get stuck with multiple kinds of debt and end up getting lost in it all. When you file for bankruptcy, you get relieved from the debt and have a second chance. You can now rebuild your credit and have a fresh start. But, just because you are in debt does not mean that you should file for bankruptcy. Certain kinds of situations render reasonable. Here at The Law Offices of John E. Mufson, we are here to help you decide if this is the best option for you. But, in the meantime, check out a few of the questions below and how you would answer them.

The more yeses, the more likely bankruptcy is a viable option for you.

  • Do You Know How Much Debt You Have?

If you are unsure how much debt you have and have been either unable to figure it out or simply cannot keep up with it, then bankruptcy may be able to benefit you. However, if you can easily check your debt by calling your bank or logging into a banking app, then this may not apply to you. There is a difference between not being able to keep up with the debt amount due to drowning in it and simply not keeping up with it out of laziness.

  • Are Debt Collectors Calling You?

If you are being bombarded by calls from debt collectors then you may want to work with our team to see if bankruptcy is the best decision for you. This does not apply if you have an outstanding parking ticket or other small fees. This is for the people who are getting calls about all kinds of legitimate debt they have, such as student loans and credit card debt.

  • Do You Use Your Credit Card for Everything?

Another question worth asking yourself is how often you use your credit card. If you use it to buy leisurely things only then bankruptcy may not be a solution for you. However, if you use it to pay for necessities such as food, water, and rent, then it may be time to consider other options. Using your credit card for everything only puts you deeper into debt, and while you may be working to pay off your debt, using your card is keeping you stuck in a vicious cycle.

Contact Us Today

If you have answered yes to most of these questions, or all of them, then it’s time you reach out to a trusty attorney at The Offices of John E. Mufson. Our team can help you figure out if filing bankruptcy is right for you. If it is, you can have a chance at a fresh start and get the opportunity to build your credit. But you will never know until you have an expert speak with you about your unique situation. To learn more about filing for bankruptcy, give us a call today at (561) 272-1003.

The Top Slip and Fall Injury Lawyer in Delray Beach Will Help You Get Justice for Your Pain and Suffering

Are you a victim of a slip and fall accident? These cases can be hard to prove unless you have an experienced slip and fall accident attorney in Delray Beach on your side. Slip and fall accidents are often about more than just about the physical injuries you’re facing. These cases are unfortunately often accompanied by lost wages and high medical bills. For these and other reasons, it may be in your best interests to seek out justice to be compensated for your troubles. Are you looking for a slip and fall lawyer that has a stellar reputation in Delray Beach and throughout South Florida? If so, it’s time to call on the expert slip and fall attorneys at The Law Offices of John E. Mufson. Our exceptionally knowledgeable team has many years of experience dealing with slip and fall accidents and understand how overwhelming personal injury cases can be. One thing is true—slip and fall cases are never clear cut. If you have been injured through no fault of your own, it’s time to reach out to us today. The exceptional team The Law Office of John E. Mufson is here to help you get the justice and compensation you deserve for your pain and suffering.

Why choose our slip and fall law firm?

While there is no shortage of slip and fall accident lawyers in Delray Beach, the team at The Law Offices of John E. Mufson stands out from the rest. We take a personalized approach to your slip and fall case. After all, we get that you’re overwhelmed and not sure how to begin. We offer an impressive track record and successful case history that show our focus on customized client success. Our goal is always to seek the maximum compensation for your pain and suffering, lost wages and medical bills. We have a success-minded aggressive team that will work tirelessly to get you what you deserve. Whether you’re looking for assistance with a slip and fall case, an auto accident, birth injury, or even medical malpractice, the exceptional team at The Law Offices of John E. Mufson is ready to assist with your case.

Our practice is diverse and client-centered:

While we are known for our stellar defense record in slip and fall cases, our firm also handles a number of other areas such as:

  • Automobile, motorcycle and truck accidents
  • Birthing injuries
  • Medical Malpractice
  • Wrongful Death
  • Bankruptcy
  • Debt Relief
  • Foreclosures
  • Loan Modification
  • Student Debt Relief
  • Collection Lawsuits
  • And much more

We understand that every slip and fall case can be different, which is why it’s so important to work slip and fall injury lawyers in Delray Beach that you can trust. The team at The Law Offices of John E. Mufson will be at your side from the beginning to the end of the case. Often, it takes time to investigate these cases and while other law firms might not keep in contact with you for months on end, the dedicated attorneys at The Law Offices of John E. Mufson are here for you 24/7. Our dedicated attorneys are just that—the most dedicated in the industry. Our expertise combined with years of in-depth knowledge acquired by trying numerous slip and fall and personal injury cases successfully is what makes us the best team to assist you in securing the justice you deserve.

How can you get started?

If you or a loved one has been injured in a slip and fall accident recently, then don’t hesitate to reach out to the slip and fall injury lawyers in Delray Beach at The Law Offices of John E. Mufson for immediate assistance and guidance. Don’t you deserve the best legal team to fight to get you the compensation you deserve? Whether it is to obtain compensation for medical bills, lost wages, and especially for your pain and suffering. Rest assured that we are dedicated to meeting all your legal needs. We understand how overwhelming a slip and fall injury case can be and our team prides itself on making the legal process go very smoothly for you. We are here to offer the best legal support and services for your case. So, we encourage you to call us today to schedule your free, no-obligation consultation with our slip and fall injury lawyers in Delray Beach today at (561) 272-1003. You’ll be glad you did!

Don’t Lose Your Home! Let a Top Foreclosure Defense Lawyer in Delray Beach Protect Your Rights

If you’re facing foreclosure, especially in these challenging COVID-19 times, you need a foreclosure defense attorney in Delray Beach that will have your back. Your home is presumably your greatest asset. You have worked hard all your life to buy your dream home and now it may suddenly be taken away. It can be stressful and overwhelming to figure out what to do. But, take heart; if you’re facing foreclosure, you’re not alone or at the end of the road by any means. You may be surprised to learn that you have a few other options. A foreclosure defense attorney in Delray Beach can help you turn your situation around. The first thing to do would be to enlist the aid of the experienced foreclosure attorneys at The Law Offices of John E. Mufson. We will help you work towards a successful outcome. 

At The Law Offices of John E. Mufson, we know just how frightening the threat of foreclosure can be. As soon as you receive your notice, there is no time to waste—call us. The sooner you act the more options you will have. You may think you have to leave your home, but that isn’t always the case. Each situation is different and there are often many ways to approach a foreclosure defense. Foreclosure laws can be complicated and you will need an experienced foreclosure defense attorney in Delray Beach to help sort things out for you. The unfortunate truth is that the longer you wait to act, the more you have to lose.

How Can We Help Defend You Against A Foreclosure?

To move your case towards a successful resolution, there are a few tactics that our team of foreclosure defense attorneys might initiate to help move your case towards a successful resolution. Foreclosure can feel incredibly overwhelming, but you can breathe a little easier knowing that there are options available to you. Some of the approaches we might use to settle your debt include:

• Loss mitigation: Certain options may allow you to stay in your home while the attorneys come to an agreement to resolve your past-due mortgage payments.

• Mortgage modification:  This could mean a change in the terms of the mortgage such as an extension of payments or a reduction of the principal balance of the loan.

• Short sale: Essentially the lien holder agrees to accept less than the amount owed on the mortgage so that a sale of the property can be made. 

• Deed in lieu:  In most cases, this will release you from all obligations and liability under the mortgage, but not always.

• Debt relief: A plan is made to pay off your creditors usually with one large reduced monthly payment.

• Short payoff: This occurs when a lender agrees to accept less than the full balance of the mortgage as payment in full, and releases the borrower from the debt.

There is no one size fits all defense. That’s also true of our foreclosure defense team. As you can see, there is no one size fits all defense. There is no clear cut path to negotiating a foreclosure settlement. But the best place to start to work all of that out is to call the team of experts at The Law Offices of John E. Mufson. Call our team of foreclosure defense attorneys in Delray Beach. We have years of experience to negotiate the most effective settlement for you. Whether you’ve just received a notice of foreclosure or you’re currently embroiled in the foreclosure process, we will weigh all of your options and then negotiate a fair and manageable plan for you, so that you can begin to see the horizon through the fog. When you hire our team to defend you, nothing is out of reach.  Don’t delay! Call us today at (561) 272-1003 for your free consultation.

Trust the #1 Personal Injury Lawyer in Delray Beach to Have Your Back

Trust the #1 Personal Injury Lawyer in Delray Beach to Have Your Back

Have you or a loved one been involved in an accident that’s caused serious injuries or even loss of life? A serious injury can leave you out of work for months and without a source of income. If you are suffering, you deserve the best team of experienced attorneys to help you get the compensation you deserve for pain and suffering and loss of wages. At The Law Offices of John E. Mufson, a leading personal injury attorney in Delray Beach, we offer comprehensive legal assistance that covers a wide range of areas. That’s because our experienced team of attorneys has years of experience and the knowledge to help you win your case. We know you have a lot of choices when it comes to choosing the right personal injury lawyer in Delray Beach. But not all of them have the stellar reputation and years of experience that you’ll find with the exceptional team of lawyers at The Law Offices of John E. Mufson.

What types of cases do personal injury attorneys in Delray Beach Handle?

Are you a victim of a car accident? Medical negligence? Assault?  At The Law Offices of John E. Mufson, our experienced team is proud to have experience in a wide range of areas including medical malpractice; wrongful death; auto accidents; slip and fall; child injuries; catastrophic injury, and more. We know these types of injuries can create lifelong challenges that are truly overwhelming. When another party is responsible, it’s important to reach out to the best personal injury lawyer in Delray Beach to handle your case.

Is there anything I can do to help my attorney with my personal injury case?

Proper documentation of a medical injury or accident can help with most cases. It’s also important to avoid signing any paperwork before speaking with our personal injury lawyers in Delray Beach. We can assist with all personal injury cases where you’ve been a victim. When it comes to medical malpractice, documentation and retention of paperwork and medical records are essential ingredients that go into proving your case. We advise you to keep track of all case-related medical visits and your expenses as well. Slip and fall cases are another common type of personal injury case. But, they can be particularly challenging to prove. Again, photographing the scene, making sure not to sign anything without your attorney’s advice, keeping track of related costs and documenting lost wages help to build a successful case.

What can I expect from my personal injury attorney?

The experienced team at The Law Offices of John E. Mufson takes each and every case very seriously. But it all starts with your making an appointment for a free consultation structured to help you understand the specifics of your case. If we take on your case, we promise to work tirelessly on your behalf and never stop until we get you the compensation you deserve for your pain and suffering.  We can help with filing paperwork, navigating the court system and many other aspects of litigation. Of course, each case is different, but then again, we are not a “cookie-cutter” law firm. 

We give every client the personalized attention they deserve. When your medical injury, car accident, or slip and fall accident was clearly the fault of another, it’s important to hire the best personal injury lawyer in Delray Beach to aggressively prove your case. Look no further than the exceptional legal team at The Law Offices of John E. Mufson. Our lawyers in Delray Beach are dedicated compassionate individuals who care about making sure you get the compensation you deserve for your pain and suffering.

Call us at (561) 272-1003 for your no-obligation, free consultation to learn how we can best help you. We are here 24/7, so call us today. We have the legal resources and years of experience needed to help win your case by giving it the attention it deserves!

How to Tell if Chapter 7 Bankruptcy is For You: Tips from a Top Chapter 7 Bankruptcy Lawyer in Delray Beach

If you’re thinking about filing for bankruptcy, you may be wondering, “How could this happen to me,” or that it’s something to be embarrassed about. But the truth is that it happens to people from all walks of life. Your grandmother, teacher, the mailman, or your doctor could file for bankruptcy at some time in their life. Sometimes bills pile up and it just becomes impossible to make ends meet. It’s nothing to be ashamed of and the good news is that help is available. At The Law Offices of John E. Mufson, we now it can be hard to manage your bills, credit card debts, medical expenses, and just the daily costs of living. It’s even harder to manage today when so many are out of work due to the COVID-19 pandemic. 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 bills, call our team of expert chapter 7 bankruptcy lawyers in Delray Beach today. We have a great success record and we’re one of the best bankruptcy law firms in Delray Beach.

How does bankruptcy work exactly?

Filing the paperwork for bankruptcy can be tedious and confusing, which is why it’s essential to call on the legal guidance and support of an experienced bankruptcy law firm like The Law Offices of John E. Mufson We are here to discuss the best options with you when thinking about filing for bankruptcy in Delray beach. 

What are the different types of bankruptcy options in Delray Beach?

There are a few different types of bankruptcy options and one may be a better choice for individuals and another may be a better choice for business owners. 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 and calling on a chapter 7 bankruptcy lawyer in Delray Beach is your best option. With a Chapter 7, structure bankruptcy 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.  

How can you get started?

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 chapter 7 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 Chapter 7 bankruptcy lawyers in Delray Beach. 

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.

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. 

Fighting Foreclosure: Five Things You Need to Know

Owning a home is a goal we all have, so to achieve homeownership is a big milestone. As a financial commitment, home ownership can be challenging, especially as your financial situation changes. Illness, job termination or layoffs, unexpected bills, and other financial strains can make it difficult to keep up with mortgage payments. If you find yourself struggling to stay afloat, threats for foreclosure can feel like the end of everything you’ve worked hard for. Don’t give up—you still have options. If you’ve been notified of foreclosure proceedings against you or you’re struggling to stay ahead of that looming threat, here’s five things you need to know. 

Review Mortgage Documents 

Before you panic, carefully review your mortgage documents. Look for clauses specifying the procedures your lender must follow to execute foreclosure. If they have not followed the proper guidelines, it does not invalidate their claim, but this can buy you time to build your foreclosure defense.  

Beyond just reviewing your mortgage documents yourself, you should also have a foreclosure defense attorney in Delray Beach review it as well. Their knowledge of foreclosure law can be useful in determining your next steps and helping you take advantage of any loopholes that may exist. 

Review the Legality of the Foreclosure 

As previously mentioned, a foreclosure defense attorney can use their legal knowledge to your advantage. Mortgage lenders must follow certain procedures which may include providing proper notice of default and opportunities for debt settlement. If it is determined that your home mortgage provider did not follow these laws, it can help to reverse their attempts to foreclose on your home. Again, this does not eliminate your troubles, but it will provide a bit more time to find a solution.  

Contact Your Lender 

Most mortgage companies don’t actually want to waste the time and resources on going through the courts to foreclose on a home. It is more cost effective for them to keep a current resident in place than to try to find a new home buyer. Even if you have defaulted on your loan, if you contact your lender you may be able to come to an agreement in regards to settling your debt and keeping your home. A foreclosure defense attorney in Delray Beach may also come in handy here as well. Lawyer involvement forces your mortgage lender to play fair and work with you in order to avoid heading to courts. 

Examine Finances 

It is also in your best interest to try and settle monetary disputes with your lender outside of the courtroom. Going to court only accrues further debts as you will be responsible for costs and fees. Before you get to that point, try to examine your finances and determine what you can do to get back into the green. Look for areas where you can potentially lower or eliminate your bills so allow for more breathing room.  

As you examine your finances, you may also want to consider if bankruptcy is the best option for you. Filing bankruptcy can put a hold on foreclosure proceedings and stop debt harassment in Delray Beach. Depending on your specific situation, you may file either Chapter 7 or Chapter 13 bankruptcy in order to reconstruct your financial situation. Be forewarned, though: bankruptcy filings will remain on your credit history for 10 years and may require you to completely rebuild your credit. It may also require you to liquidate your assets and ultimately your lenders and creditors can dispute your filing. 

Court Appeal 

If you have exhausted all of your options, going to court to appeal a foreclosure may be your final option. If it is, having an experienced foreclosure defense attorney in Delray Beach working on your behalf can help you save your home. With the law office of John E. Mufson, you can take advantage of over two decades of foreclosure and bankruptcy law experience. We help you to understand all your options so you can make an educated decision for your future. We are dedicated to getting you the best possible outcome no matter what direction you choose to take. 

Contact us today to begin exploring your foreclosure defense options. 

Five Things You Should Know Before Filing for Bankruptcy

One of the most common sources of stress, anxiety, and depression in the United States is financial strains. If you’re in debt, you know how crippling it can be, affecting your life in unanticipated ways. Large amounts of debt can make it impossible to find decent housing, maintain your car properly, or take care of other obligations. It can feel like you’re drowning and struggling to stay afloat with no sign of relief in sight. Not knowing where you turn can make debt seem inescapable, but you do have options out there.

If you are considering filing for bankruptcy for debt relief, here are five things you need to know first. 

Understanding Different Types of Bankruptcy 

For the average person, debt solutions in Delray Beach are a foreign language. Bankruptcy laws are full of confusing language that make them difficult to understand without legal experience. Hiring a bankruptcy lawyer in Delray Beach can help you navigate and understand your options. 

The primary options for most people filing personal bankruptcy claims are Chapter 7 bankruptcy and chapter 13 bankruptcy.  

Chapter 7 Bankruptcy 

Also known as liquidation bankruptcy, filing under chapter 7 means that you are unable to make minimum payments on your debts to become debt-free. As the name suggests, this form of bankruptcy requires the liquidation of all assets to settle debts. However, it does give one the option 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 can then focus on rebuilding your credit. 

It should be noted, however, that not everyone qualifies for chapter 7 bankruptcy. If your debts are over 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 

The “reorganization” option for bankruptcy, chapter 13 is a form of consolidation and repayment plan. With a more affordable three to five-year payment schedule, this bankruptcy option offers debt relief without completely surrendering everything. Just as with chapter 7 bankruptcy filing, 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. 

Consequences of Bankruptcy 

Filing bankruptcy isn’t a get out of jail free card. If you choose to liquidate, it will wipe out your good credit as well as bad. Bankruptcy filing also remains on your credit history for up to 10 years, which can affect things like trying to buy a home or car down the line. 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. 

 What Bankruptcy Doesn’t Cover 

Not all debts qualify for dismissal through bankruptcy. If you owe child support or back taxes, bankruptcy will not remove these debts. 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 options. 

Bankruptcy is on Public Record 

If you decide to file for bankruptcy, you should know that information will be available through public records. Not only will potential loan companies, realtors, and car dealerships be able to find the information, but others may be able to find it as well. If this is a concern for you, consider other debt solutions available to you. 

Creditors Can Challenge Your Request 

Filing bankruptcy is not a guaranteed solution. If you owe significant amounts to lienholders or other lenders, they can challenge your bankruptcy correct. A 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. 

For more information about how we can help you, contact us now!