What is Debt Consolidation?

Debt consolidation is essentially when multiple debts are rolled over into a single one with a lower payment. One could use either a personal loan or a credit card to consolidate debt. If you’re unfamiliar with the idea of debt consolidation, you may want to see how it works, when it’s a good idea, and determine in which cases it is a bad idea. Equally important, you’ll want to find out who is the best team to consult when considering debt consolidation. Luckily for you, we’re here to tell you that The Law Office of John E. Mufson is exactly who you will want to seek counsel from at times like these. We can provide you with useful information about the various consolidation programs in Delray Beach and more.

How Does Debt Consolidation Work?

Before you commit yourself to any sort of debt solution method, it’s imperative that you are well informed about precisely how it works and if it will benefit or affect you, depending on your unique circumstances. To understand how debt consolidation works, let’s break down the process. According to industry experts, there are two main ways to consolidate debt, and both concentrate your debt payments into one monthly bill. The first option has a 0% interest, balance-transfer credit card: transfer all your debts onto this card and pay the full balance during the promotional period. You can also opt for the second option, which is a fixed-rate debt consolidation loan: you can use the loan to pay off your debt, then pay back the loan installments over a set term. Besides these two methods, there is the home equity loan and the 401(k) loan, which tend to be riskier choices since they could affect your home or retirement. Ultimately, the best way forward will depend on your credit score and profile, and other relevant details. Whatever option you consider, speaking with a professional about consolidation programs in Delray Beach is the best way to get started.

Is Debt Consolidation Good for You?

The answer to this question will be highly dependent on your situation. Debt consolidation is considered the best approach if you, for instance appear like a suitable candidate for a 0% credit card or low interest debt consolidation loan, if you have secure and frequent income to cover the payments toward the debt, and if the total of your debt, taking out your mortgage, doesn’t go over 40% of your income. Of course, every case will be different, but these are some of the key points you’ll want to look out before fully committing to debt consolidation.

For those who are overwhelmed by debt and think they will not be able to pay it off even with reduced payments, then debt consolidation may not be your best option. If you have a small debt load, then you may be better off by paying your debt in increments over a period of six months to a year. If the totality of your debts goes over half of your income, then you may need to seek debt relief instead. In any case, scheduling a consultation with a specialist in the matter is the best thing you can do for yourself. Call The Law Office of John E. Mufson at (561) 272-1003 and we’ll discuss the best consolidation programs for you!

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.

Should I File for High Income Bankruptcy in Delray Beach?

Even if you have a good job and make good money, you could still find yourself in a bad position financially. Many people find themselves unable to pay their bills, no matter the income level. If you’re struggling with debt and can’t pay your bills, high income bankruptcy could be an option for you. At The Law Offices of John E. Mufson, our attorneys can help determine the best course of action for you. Each individual is in a different situation financially and working with our Delray Beach bankruptcy attorneys can help decide what you should do to help your current financial situation.  

WHAT FORM OF BANKRUPTCY IS BEST FOR ME?

If you earn a high wage, you could still file for bankruptcy depending on your situation. There are many people who make good money but make bad decisions financially and find themselves buried in debt. Other times, it could be due to a medical emergency or accident that causes you to have debt that you’re unable to pay back. John Mufson and his team of attorneys will work with you to help find what is the best option for you. With the different forms of bankruptcy, you need to work with an attorney to find what solution can help you get out of debt. Chapter 11 and chapter 13 are two options when it comes to filing for high income bankruptcy in Delray Beach. With a free consultation from The Law Offices of John E. Mufson, you’ll be on your way towards eliminating your debts and getting a fresh start financially.  

When it comes to bankruptcy there can be a lot that isn’t the easiest to understand. That’s why working with a bankruptcy attorney can help you find the best solution for you. Many people can find themselves drowning in debt because they’ve made some bad decisions in the past. You don’t have to continue suffering from those mistakes, and high income bankruptcy could be a solution to help you start fresh.  

John Mufson has over 25 years of experience working as a bankruptcy attorney in Delray Beach. With the help from Mr. Mufson and his attorneys you can eliminate your debts and work towards a fresh start financially. The Law Offices of John E. Mufson can help see if filing for high income bankruptcy is the best option for you. We all have different financial situations, and working with our attorneys can help find the best bankruptcy solution for you.

Dealing with High-Income Bankruptcy in Delray Beach? We Can Help

Some people believe that if you earn ‘good money’, you, by default are unable to declare bankruptcy. However, that statement is simply inaccurate. At The Law Offices of John E. Mufson, we’ve had many clients who have fallen in a pit of debt despite having a substantial income. Our team does not judge or discriminate, instead we provide you with the counseling and assistance you require in a moment such as this one. We know that this is a difficult process to have to go through, however, there’s no need for you to feel alone, because we have your back. When you require legal assistance with high income bankruptcy in Delray Beach, contact The Law Offices of John E. Mufson.  

The Law Offices of John E. Mufson, has a system designed to provide assistance to clients with high incomes, high assets or complex asset holdings. While the fundamentals of Chapter 13 function the same for everyone in terms of the income/asset spectrum, cases for high income clients pose unique issues and circumstances. An experienced bankruptcy attorney, however can help you navigate this entire process, giving you the peace of mind as well as the resolution you need. When it comes to dealing with high income bankruptcy in Delray Beach, our legal advisors can assist you. 

Are You Struggling with High-Income Bankruptcy in Delray Beach, FL? An Experienced Bankruptcy Attorney Can Help  

When you’re going through such a complicated matter, and need to find the most convenient and viable long-term solutions, hiring an experienced bankruptcy attorney is always best. Ignoring the problem is not an option, things could quickly escalate and you may be at risk of losing far more. Instead, contract a bankruptcy attorney at The Law Offices of John E. Mufson that can provide you with the legal advice and orientation you require when dealing with high-income bankruptcy law in Delray Beach. We have an extensive background when it comes to cases like yours, and we’ve been practicing for over 25 years in the South Florida area, aiding individuals reach the best conclusions for their cases. During his time, Mr. Mufson has assisted business owners, people with high incomes and/or complex asset holdings. 

Contact the Law Offices of John E. Mufson at (561) 272-1003 for legal representation and counsel with high-income bankruptcy in Delray Beach. You can also visit us at 1615 South Congress Avenue Suite 103, Delray Beach, FL 33445. With a comprehensive understanding of bankruptcy laws and property exemptions available under federal and Florida laws, our firm will be able to help you elaborate a tailored plan to guarantee maximum debt relief, while making it feasible for you to retain as many assets as possible.

Hire a Top Bankruptcy Lawyer in Delray Beach

Everyone can find themselves in a tough position financially from time to time. Are you swamped with bills that you’re unable to pay? Are you wondering what to do because you simply can’t pay your bills or afford daily expenses? If so, you might need to speak to a bankruptcy lawyer in Delray Beach. At the Law Offices of John E. Mufson we understand that it can be difficult when you fall on tough times. We’re here to help you find a solution to reduce or eliminate your debt, so you can get back to living your life.  

Should I file for bankruptcy in Delray Beach? 

When you’re unable to pay your bills, you might be thinking about filing for bankruptcy. When it comes to bankruptcy there are a couple different options you may have. Speaking with an experienced bankruptcy attorney in Delray Beach can help you understand your options and find the best debt solution for your situation. The Law Offices of John E. Mufson can help you understand the different types of bankruptcy that you may be eligible for. These options include:  

  • Chapter 7 Bankruptcy 
  • Chapter 9 Bankruptcy 
  • Chapter 11 Bankruptcy  
  • Chapter 12 Bankruptcy 
  • Chapter 13 Bankruptcy 
  • High Income Bankruptcy  

If you’re looking for a way to get out of debt, it’s time to speak with a bankruptcy lawyer about your options. Filing for bankruptcy can sound scary, but for many it can be the best option. Bankruptcy can allow you to eliminate your debt and start fresh, giving you the chance to rebuild your credit and hopefully avoid falling back into debt.  

Some people fall into debt because of poor spending habits. They use their credit cards too often only to realize how much debt they’ve racked up. Other however, have had medical emergencies or other things arise that are out of their control. No matter the reason you’ve fallen into debt, bankruptcy might be your best option to start fresh. To learn about your options, call a top bankruptcy lawyer in Delray Beach. Call The Law Offices of John E. Mufson.

Top 3 Reasons Why Bankruptcy Lawyers in Delray Beach are Necessary

Going through bankruptcy isn’t easy. It comes with complications and lingo that can be difficult to understand. That’s where hiring bankruptcy lawyers in Delray Beach are beneficial. Not only will they help you avoid bankruptcy if possible, but they will also lie out all of your options. One of the biggest mistakes a person can make is not hiring a professional lawyer when facing bankruptcy. In your time of need, you’ll need an expert, and here are three reasons why.  

Gain an Alternative Perspective with Bankruptcy Lawyers in Delray Beach 

When you’re facing bankruptcy, it can be challenging to make good decisions. Your emotions are running high, and you may even be desperate. However, as we all know, it’s never a good idea to make decisions that are rash. With a lawyer, you can gain an alternative perspective. They are able to look objectively at your case, honestly telling you what your best plan of action is. They’ll look at the facts, your finances, and your previous choices to paint a clear path.  

Knowledge is Key for Bankruptcy Cases 

Bankruptcy comes with a handful of confusing terms and piles of paperwork. With a lawyer on your side, you can relax as they explain what you’ll need to know. They’ll assist you in filing the necessary paperwork, as they’ve most likely done this a hundred times. Chapter 7 and Chapter 13 are the two options for bankruptcy, and they’ll thoroughly ensure that you’re choosing the best possible path forward.  

Peace of Mind with Bankruptcy Lawyers in Delray Beach  

Perhaps most importantly, bankruptcy lawyers can help you obtain peace of mind. In this complicated process, it can be difficult to feel that you are able to breathe. Fortunately, that’s what the experts at Mufson Law are there for. We aid you in making the right decisions so that you can rest assured that you’ve chosen correctly. Without the help of a lawyer, other individuals may come to regret their choices. At Mufson Law, we’ll ensure that your future is appropriately set up for success so that you can get back on your feet sooner. If you’re facing bankruptcy, don’t do so alone. Call 561-513-4564 today, and start fresh.
 

Talk to Us About Debt Solution in Delray Beach

Medical bills, credit card bills, student loans, job loss, bad investments. Many different issues can send our finances spiraling downward and out of control. If you are overwhelmed with debt and wondering about your next steps, call the experienced bankruptcy law firm – the Law Offices of John E. Mufson. We can help you seek the best debt solution in Delray Beach.

Bankruptcy May Be Your Best Debt Solution in Delray Beach

For many people, bankruptcy is the answer to their financial problems. The two most common bankruptcy programs are Chapter 7 and Chapter 13, and both have advantages and disadvantages. We can talk to you and help you decide which one is best for you. Here are the main differences between the two:

Chapter 7:

  • Individuals and business can file
  • Known as a liquidation form of bankruptcy
  • Most of your property is sold and used to pay back your debts
  • Aimed mostly at people with limited incomes who are not able to make minimal payments on their debts.
  • It takes about three to five months to discharge the debt

Chapter 13:

  • Individuals only (including sole proprietors) can file
  • Known as a reorganization bankruptcy; no liquidation process
  • Your property is not sold, and if you successfully complete a court-mandated repayment plan, you may be able to keep your property
  • Typically takes about three to five years to discharge a debt

Whatever financial move you’re considering, you’re in the right place. Attorney John 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. Our firm has filed more than 2,000 bankruptcy cases in South Florida.

Contact us to see if bankruptcy is the appropriate debt solution in Delray Beach for you. We’ll help you understand your rights and options. Call The Law Offices of John E. Mufson at (561) 272-1003, and make an appointment for a free consultation.

Debt Solution in Delray Beach: How to Avoid Harassment

Financial struggles can be quite stressful. Having a mountain of debt and feeling like you can barely chip away at it is difficult. There are many forms of debt, including credit cards, student loans, mortgages, car loans, and more. Debt collector calls do not help. In fact, they add more stress to the overwhelming pile. Did you know that debt collector harassment is against the law? If you are looking for debt solutions in Delray Beach, contact Mufson Law. 

How Debt Solution in Delray Beach Can Help with Debt Collector Harassment  

There are rules when it comes to the role of the debt collector. Though many are just doing their jobs, there are times when a debt collector can go above and beyond, harassing people with debts. The Fair Debt Collection Practices Act (FDCPA) protects consumers being harassed over the phone and by mail. While debt collectors may identify themselves every time they call, notify, file a lawsuit, or verify the debt, there is an extensive list of things they cannot do.

The FDCPA helps to protect individuals from being called at unreasonable hours. Debt collectors are only allowed to call between 8 am and 9 pm. They are also not allowed to call numerous times. This is considered abuse and can also be considered harassment. If an individual has asked for the calls to stop with a written notice, then the debt collector is not allowed to continue calling.  

Additionally, debt collectors cannot use profane language, report false information, seek unrealistic amounts, or deceive the individual. Unfortunately, this is more common than one may think. At Mufson Law, we help residents with debt solutions in Delray Beach. We provide a free evaluation of one’s case, followed by the best possible options. If a debt collector is harassing you, then you deserve a strong and supportive team on your side like Mufson Law. Call us today at (561) 272-1003 to find out more.

 

How Debt Programs in Delray Beach Can Help Those Struggling with Student Loans

In the first quarter of 2018, student loans surpassed $1.5 trillion. Student loans are now the second-largest category of household debt in the United States, trailing only home loans. Student loan debt accounts for more money than owed for credit card debt and auto loans. Skyrocketing student loan debt could lead some young people to search for debt programs in Delray Beach. 

How Debt Programs in Delray Beach Can Help Student Loan Borrowers

According to USA Today’s College Factual: the average student loan for borrows is more than $8,000. What makes that figure all the more staggering is than half of all students borrow.

The cost of earning a college degree continues to rise faster than inflation. As students borrow more money to cover the costs, loan defaults are increasing as well. According to Investopedia, 70 percent of college grads have student debt, with an average debt at more than $37,000 at graduation.

For students who are struggling to repay their loans, debt programs are available, and Mufson Law can introduce you to them. Chapter 13 bankruptcy is one of the best options, as it allows you to keep your possessions, but it also helps to stop the interest on your loans from increasing. Additionally, past-due student loan debts can be added into your repayment plan, which can last three to five years. While you still have to repay the debt, you’ll at least be able to say that you are in a stronger position than you had been before.

If you’re facing student loans and are curious about the debt programs in Delray Beach, the professionals at Mufson Law encourage you to reach out immediately. We know that the stress can be overwhelming, but with twenty-five years of experience on your side, you’ll be able to face the future with more hope and optimism. If you struggle with student loan debt, call us today at (561) 272-1003.

How to Manage Debt and Find Debt Solutions in Delray Beach

When a person experiences a significant amount of debt, the effects can be frustrating and overwhelming. Millions of Americans find themselves facing mounting debt as they face foreclosure and bankruptcy. It’s important to know that you are not alone, and it is also important to know that there are many debt solutions in Delray Beach to help you get back on your feet, to restart your financial life.

What are the Debt Solutions in Delray Beach?

Assessing all of the options can be a lot, especially because many companies try to give helpful tips. There are simple steps to take that may help in the long run, such as developing a budget, making an expense sheet, and setting aside money each month. However, in some cases that may not be enough, and professional help is needed. If you’re searching for professional support, know that this one step will help to relieve you of most of your stress. Part of what makes debt like a sea is that it’s hard to get a bird’s eye view of your situation.

At the Law Offices of John E. Mufson, we offer a free case evaluation to determine what your possible options are. There is something refreshing about having an outside perspective when you’re going through a difficult situation. With our extensive knowledge and professional team, we can help you get to the bottom of your problem by picking a path and taking action.

If you’re looking at bankruptcy options, don’t despair. There are benefits to filing for bankruptcy. You can resolve your debt and finally be free from collector phone calls. Between Chapter 7 and Chapter 13, we can help you find a solution that will leave you feeling lighter and more optimistic.

If you’re searching for debt solutions in Delray Beach, look no further. The Law Offices of John E. Mufson is available to give you a fresh start, a new look, and a found sense of hope. Don’t struggle with debt alone. Instead, call the team you can trust at (561) 272-1003 and see how today becomes the first day of your new financial life!