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.

Looking for the Best Debt Programs in Delray Beach?

You are in debt. Frightened about your financial condition and desperate for answers, you’re searching for debt programs that can help you somehow regain your stability. Let us just tell you that you’re not the only one facing this kind of hardship. Many people today are in debt and they, just like you, are constantly looking for new and safe solutions to eradicate their debt and balance their status once and for all. In these circumstances, the best thing you can do is consult a specialist in the matter. You are already dealing with a less than comfortable scenario, the last thing you want to do is get yourself into another predicament. With the expertise and experience of the team at The Law Office of John E. Mufson, that won’t ever be the case. We will set you up with the best debt programs in Delray Beach, finally giving you the fresh start you need.

Actions, Not Promises with Our Debt Programs in Delray Beach

The worst thing you can do, if you’re currently struggling with debt, is to ignore the problem. Problems don’t need to be ignored, they need to be dealt with and resolved. What’s important is that whatever solution you’re considering is safe and eliminates the issue at the root. At The Law Office of John E. Mufson, we are used to working with clients who may have tried every possible resolution but have sadly not been able to put a definitive end to this challenge. The truth is that many haven’t filed for bankruptcy because they are afraid of the bankruptcy system, and have therefore decided to invest in other debt relief options such as loan modifications, debt consolidations, and more. Such measures, however, often achieve zero results and can leave the individual in worse financial shape. Don’t waste your time with these debt workout schemes, when you can consult a professional and get actual help.

Protect Your Assets with Our Debt Programs in Delray Beach

At The Law Office of John E. Mufson, we are experts at helping you resolve your debts while keeping your assets intact. In fact, we use the bankruptcy system to protect the rights of our clients and avoid repossession, foreclosure, and creditor lawsuits. During a free initial consultation, Mr. Mufson will review your situation thoroughly and advise you about the best ways to proceed in your particular case.

Contact Us to View the Various Debt Programs in Delray Beach

Debt isn’t something you should take lightly. However, you don’t have to worry if you act soon. Speaking with a known professional in the matter is the best thing you can do to secure your present and your future. Find the relief that you need today by calling the team at The Law Office of John E. Mufson at (561) 272-1003 and schedule your first appointment with our leading expert to discuss the best debt programs in Delray Beach.

How can a Chapter 7 Bankruptcy Lawyer in Delray Beach Help Me? 

Bankruptcy is a work that many people don’t like to hear, and they don’t think it’s a good option for them. For those who are struggling with debt, bankruptcy could be an option for you. Depending on the amount of debt you have and the type of debt, filing for bankruptcy could provide you with the debt relief you need and allow you to start fresh. Chapter 7 is one form of bankruptcy for individuals, and if you’re thinking about filing talking to a chapter 7 bankruptcy lawyer can help you. At The Law Offices of John E. Mufson, we have a team of attorneys who can help you find the best relief option so you can get rid of your debt.  

What is chapter 7 bankruptcy?

Chapter 7 bankruptcy is the liquidation form on bankruptcy. In this form of bankruptcy all items will need to be sold in order to pay back debt. If there is other debt left over, it will be erased and you’re able to start fresh. Chapter 7 bankruptcy can put an end to collection attempts, and if your home is in foreclosure an immediate hold will be placed on the process.  

Chapter 7 bankruptcy is typically for those who are unable to make even the minimum payment on their bills and debts. Individuals who qualify will be able to see harassing credit collections calls end, and will be able to eliminate the debts that they have piled up. With the help from our team at The Law Offices of John E. Mufson you can see if you’re eligible to apply for chapter 7 bankruptcy. Even if you aren’t eligible, our attorneys will work to help you find the best debt relief option available.  

Many people struggle with debt and getting out of debt can be difficult. If you find yourself buried in debt it’s time to speak with our chapter 7 bankruptcy lawyer in Delray Beach. At The Law Offices of John E. Mufson we have a team of attorneys who can help you. Whether you file for chapter 7 bankruptcy or find another debt relief option that better fits your financial situation, our team at The Law Offices of John E. Mufson wants to make sure you’re able to get the debt relief you need. To learn more about the different options that may be available to you contact our team at The Law Offices of John E. Mufson today.  

 

Call a Bankruptcy Defense Attorney in Delray Beach 

It can be easy to fall into debt problems and debt can add up in a hurry. Before you know it, you could have tens of thousands of dollars worth of debt and no way to pay it back. If you find yourself in a situation where you’re buried in debt, speaking to a bankruptcy defense attorney can help. Many people think that bankruptcy isn’t a good option for them, but it could actually help relieve you from your debts, allowing you to get a fresh start. At The Law Offices of John E. Mufson, we have an experienced team of bankruptcy defense attorneys in Delray Beach and we can help you. Whether you’ve been struggling with debt for years or you just started falling into debt, a call to our team can help.  

Should I file for bankruptcy?

Each person’s financial situation is different and that’s why it’s important to speak with an attorney before you do anything. When you contact our team at The Law Offices of John E. Mufson you can see if bankruptcy is an option for you. Chapter 7 and chapter 13 are the two most common forms of bankruptcy for individuals looking to file. With the help from our attorneys we can help you find the best bankruptcy option or debt relief plan for your financial situation. 

If you think filing for bankruptcy could be an option for you there are many things to make sure you consider. Once you file, the harassing calls from debt collectors will cease, and you’ll be able to focus on rebuilding your credit. Bankruptcy could provide you with a fresh start, where with good financial decisions you can build your credit and avoid falling into debt again.  

If you’re struggling with debt, our bankruptcy defense attorneys in Delray Beach can help. The Law Offices of John E. Mufson can help you find the best debt relief plan for your financial situation. There are different forms of bankruptcy, and depending on the amount of debt you’re in and the type of debt you have can determine which form is best for you. To see what option is best for you, contact our bankruptcy defense attorneys in Delray Beach today.  

What is the best Debt Solution for me in Delray Beach?  

Many people find themselves in a position where they are struggling with high amounts of debt. If you’ve fallen deep into debt and are wondering what to do next, finding a good debt solution in Delray Beach starts with speaking to a bankruptcy attorney. At The Law Offices of John E. Mufson, we have a team of experienced attorneys who can help you find the best debt solution for your current financial situation. Bankruptcy is one option that you may have, but there are also other possible solutions to help you get out of debt.  

Are there debt solutions that can work for me?

Bankruptcy is something that is scary for many people to think about. If you’re in debt and looking for a debt solution there are different options to look at. Instead of filing for bankruptcy many people try other forms of debt relief including loan modifications, debt consolidation, and other debt workout schemes. Many of these programs won’t help you financially and can actually put you in a worse financial situation. To learn about possible debt relief options it’s important to speak with a knowledgeable attorney. Learning about possible debt relief options from our team at The Law Offices of John E. Mufson can help you avoid potentially bad debt relief schemes.  

Each person’s financial situation is different. The type of debt you have and the amount of debt you’re in can help determine what debt solution will work best for you. Working with one of our attorneys at The Law Offices of John E. Mufson can help you find the right debt solution. We know that being in substantial debt can be overwhelming and stressful and we are here to help.  

Chapter 7 and chapter 13 bankruptcy are two of the options you’ll have to consider when thinking about debt relief options. Bankruptcy is a scary word for many people, but in some circumstances it can be the best option. Bankruptcy can protect you from creditors, repossession, and foreclosure.  

If you’re struggling with debt and looking for the best debt solution in Delray Beach contact The Law Offices of John E. Mufson today. Our team will look at your current financial situation and help you find a debt solution that works. We offer free consultations and will work with you until we find a debt solution for you.

What can a Foreclosure Defense Attorney in Delray Beach do for me? 

If you are facing a possible foreclosure or worry that your home may be foreclosed on, you need to speak with an attorney right away. A good foreclose defense attorney in Delray Beach can help figure out the options you have and help you avoid your home being foreclosed on. The Law Offices of John E. Mufson has a team of attorneys who can help you if you’re looking for a foreclosure defense attorney in Delray Beach. Many people struggle with their finances and if you find yourself in a position where your home is being foreclosed or you fear foreclosure is coming soon, it’s time to speak with an attorney and see how we can help.  

How can a foreclosure defense attorney help me?

Foreclosure is scary to think about and nobody wants it to happen to them. It can be a very stressful and overwhelming to think about the possibility of losing your home. If you’re about to be foreclosed on the best thing to do is speak with a foreclosure defense attorney. Our team at The Law Offices of John E. Mufson can help you find the best solution to help keep your home and avoid foreclosure. We offer free case evaluations and will work in your best interest so you can keep your home.  

There are a few options when it comes to avoiding foreclosure and speaking with an attorney will give you the best chance at staying in your home. Chapter 7 bankruptcy is one option for you if you’re facing foreclosure. When you file for chapter 7 bankruptcy an automatic stay will be set in place which will stop all creditor actions. Chapter 13 is another form of bankruptcy that you may be able to file for, but it won’t guarantee that you can keep your home and avoid foreclosure. Each circumstance is different, which is why speaking with a knowledgeable bankruptcy defense attorney is important.   

If you fear foreclosure is close it can be a scary and worrisome time. You may not know what you should do next to try and avoid foreclosure and keep your home. At The Law Offices of John E. Mufson we have a team of foreclosure defense attorneys who will work to help you find a solution. Even if your home is in the foreclosure process you may be able to find a solution that allows you to keep your home. To learn more about the services we offer and how we can help you contact our team at The Law Offices of John E. Mufson today.

How to end Medical Bill Harassment in Delray Beach

When an emergency happens the costs can pile up. You get medical bills that seemingly never end and may be left wondering how you’re going to be able to afford these bills. If you have collection agencies calling you for late payments it can be frustrating. At The Law Offices of John E. Mufson, we can help you find a solution to your debt problem.  

Should I file for bankruptcy?

Filing for bankruptcy could be an option for those who are buried in debt. There are two main types of bankruptcy for individuals who are looking to file. Chapter 7 bankruptcy and chapter 13 bankruptcy are options, but depending on the type of debt you have and the amount of debt you’re in can determine which option is best for you. Our attorneys at The Law Offices of John E. Mufson can help you find the right type of bankruptcy for your situation.  

We want to help our clients succeed financially and for those who are buried in debt, filing for bankruptcy can give you the opportunity to start fresh. Medical bills are forgiven along with your other unsecured debts when you file for bankruptcy. Some other unsecured debts that are forgiven in Chapter 7 bankruptcy include:  

  • Credit card debts 
  • Personal loans 
  • Business debts 
  • Utility bills 
  • Collection agency accounts  
  • Attorney fees 

Accidents can happen at any time and the high medical bills can be very difficult for many people. If you don’t have a large savings or have other debts, finding a way to pay your medical bills can seem impossible. When you work with our attorneys at The Law Offices of John E. Mufson, we’ll help you find the best debt relief strategy. For some people, filing for bankruptcy can be an option. Once you file for bankruptcy and have your unsecured debts forgiven, you’ll be able to work on rebuilding your credit. Bankruptcy allows you to start fresh and with good financial decisions can put you in good position for the future. Contact John Mufson and his team today to learn more about how we can help you work towards eliminating your medical bills and other debts.

Can I file High Income Bankruptcy in Delray Beach?

People who make a lot of money can struggle with their finances and fall into debt just as easily as anyone else. When someone begins to make a lot of money or comes into money it can be hard to manage your money and you may accrue debt that you have no way of paying back. People from all walks of life can fall into debt and struggle, and finding a debt relief option to help reduce or eliminate your debts is important. The Law Offices of John E. Mufson can help you determine if filing for high income bankruptcy is an option for you. There are certain criteria that must be met before you can file for high income bankruptcy. Our team is here to help you determine if it is a possible solution to help you eliminate your debt in Delray Beach.

How can filing for high income bankruptcy help me?

Even those who have a high income can find themselves in financial trouble. Mismanaging your money can be easy to do and the next thing you know you’re in a ton of debt. You may feel like you’ll never be able to escape the debt you’ve found yourself in, and that’s where our team can help. Chapter 11 and chapter 13 bankruptcy are two options that you may have if you have a high income but are still drowning in debt. Our team at The Law Offices of John E. Mufson can help you find if either of these options will be best suited to help you eliminate your debts.

Chapter 11 bankruptcy is designed to help those who have a high income but are also struggling with debt. There are certain limits when it comes to filing for chapter 11 bankruptcy. You may need to file for chapter 11 bankruptcy if:

  • You have more than $360,475 in unsecured debt (credit card debt, medical bills, personal loans, etc.)
  • You have more than $1,081,400 in secured debt (mortgages, car loans, boat loans, etc.)

John Mufson has over 25 years of experience helping those in South Florida with debt relief and bankruptcy. Our team will work with you to help you not only find a debt relief option, but find the best option based on your financial situation. Many people think if they make a lot of money they won’t be eligible to file for bankruptcy. This isn’t the case. If you’re struggling with high debt you do have options and our team can help you find the best debt relief option so you can get rid of your debts in Delray Beach. Call us today to schedule your free consultation and see what our bankruptcy attorneys can do for you.

Who Can Provide Me with a Debt Solution in Delray Beach?

Increased debt may seem like a death sentence. However, The Law offices of John E. Mufson can help offer relief to those who are struggling with their debt. Whether you have fallen into a debt consolidation fraud or you are considering bankruptcy, we can assist in your financial endeavors. Rather than falling deeper into debt, our lawyers are here to help you resolve your debt issues.

  • Bankruptcy can put a hold on the stress associated with creditor harassment and give you time to catch up with your debts. Without using bankruptcy in Delray Beach, your payments may not be making any dents in your debt as interest accumulates. With bankruptcy, your interest is put on hold and you cannot create any more debt to dig yourself from.
  • Collection lawsuits create added stress when you are dealing with your current bills. Rather than letting your lawsuit get the best of you, hire one of our professional lawyers to settle the case so you can focus on other priorities. We can help you determine the best strategies moving forward with your lawsuit.
  • When facing foreclosure, it may be hard to focus on other aspects in your life. However, we can provide you with strong and effective defense to better your situation. We can often find loopholes in foreclosures if the mortgage holder didn’t take the right steps when pursuing foreclosure.
  • Creditor harassment can become annoying. We can protect you from the distraction and threats your creditors may be spewing your way.

If you are interested in receiving debt solutions in Delray Beach, we have all the solutions to help. Rather than falling into deeper debt, we are here to help you rise above it. While getting out of debt takes a lot of work and time, it is possible. Call us at (561) 272-1003 to learn how we can help you with your debt solution.

Is Chapter 13 Bankruptcy right for me?

Are you struggling with debt and find yourself unable to pay your bills? Many people struggle with debt and must look into bankruptcy options to help them get out of debt. Filing for bankruptcy might seem like a scary situation, but for those who are buried in debt it can help many people. Bankruptcy will allow you to reduce and even eliminate much of your debt, allowing you to have a fresh start financially. Your credit score is probably low if you’re in a position with a lot of debt, and once you file you can begin making smart financial decisions and work on building your credit score. If you’re struggling with debt and wondering if bankruptcy in Delray Beach might be the best option now is the time to contact our team at The Law Offices of John E. Mufson.

What are the benefits of chapter 13 bankruptcy?

Chapter 7 and chapter 13 are the two main types of bankruptcy for individuals who are looking to file. There are some differences between the two and depending on your current financial situation one option may benefit you more than another. With chapter 13 bankruptcy you can set up a repayment plan in which you will have a monthly payment to help repay back some of the debts you’re in. Typically, this is a three or five year plan and once you are done with the plan the remainder of your debts are forgiven.

Once you file for bankruptcy the calls from collectors must end immediately. If you’re constantly getting calls about unpaid bills and you simply can’t afford to pay them, filing for bankruptcy can help put a stop to these harassing calls. There are many reasons as to why someone can fall into debt, and people from all walks of life can find themselves struggling from time to time. High medical bills, credit card debt, job loss, divorce and much more can all contribute to you falling into debt. Don’t allow your debt to take control of your life. Get back into a good place financially by taking control of your finances and getting back on track.

If you’re simply unable to pay your bills filing for bankruptcy might be the best option for you. It’s a way to reduce and eliminate your unsecured debts and can allow you to get a fresh start financially. Working with a bankruptcy attorney in Delray Beach can help you find the best solution. John E. Mufson and his team have years of experience and are here to help you. Give us a call today and see if chapter 13 bankruptcy might be an option for you.