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. 

Tired of Living with Debt? Discover Debt Solution in Delray Beach

Are you living with debt? Have you been doing so for most of your life? Do you want to leave this lifestyle behind? If you have answered “yes” to all these questions, especially the latter, then we can help. In fact, we want to help! The Law Office of John E. Mufson has been aiding individuals in getting rid of their debts once and for all. Nobody wants to carry such a heavy burden, especially if you don’t have to. Come in for a consultation and we’ll discuss a responsible and effective debt solution in Delray Beach.

Speak with Professionals about Debt Solution in Delray Beach

Navigating the financial world can be challenging, and at times quite confusing. Especially if it has nothing to do with your day job, and you lack the tools and resources to drastically change your upsetting financial situation. Thankfully, finances and helping people put away their financial nightmares are our expertise at The Law Office of John E. Mufson. We have been coming to the aid of clients for 25 years and advocate for those who may not know how to resolve debt issues for themselves. Providing bankruptcy representation and debt solution in Delray Beach to individuals and small business owners has been our mission and one that we’ve gladly taken on.

A great portion of the work we do at The Law Office of John E. Mufson has to do with representing consumer debtors and businesses who file under Chapter 7 or Chapter 13 of the bankruptcy code. We also assist those who need workouts with creditors, mortgage foreclosures and credit card lawsuits filed by creditors. We lend our undivided attention to each case, listening carefully to our clients’ concerns, developing a strategy specifically tailored to their unique circumstances. With great expertise and experience in such matters, it’s no surprise that our clients keep recommending us to others who are struggling with debt and need a way out, through either debt solution in Delray Beach or another approach better suited to their situation.

Review a Debt Solution Strategy in Delray Beach

The idea behind most debt solution methods in Delray Beach is to negotiate a deal with your creditors to reduce the amount of money owed, reduce the interest rate, extend a loan period, or at times a combination of these. Such objectives can be met through various debt solution plans. It is important that you commit to one that will ultimately work for you and your individual concerns. Luckily for you, that’s exactly what we can do for you at The Law Office of John E. Mufson. We can set you up with the best debt solution plan in Delray Beach so you can embrace a new life free of debt! Call us today at (561) 272-1003 and schedule an initial free consultation to talk about your options!

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.

Can a Foreclosure Defense Attorney Help 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 foreclosure 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.  

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.

Should I File for Chapter 7 Bankruptcy?

Bankruptcy is a word 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.

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.

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.