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.

Even people who are high achievers and make a good income can fall on hard times financially. With our current bankruptcy system there is help even for those who earn a high income. If you’re struggling financially and wondering what to do next, call The Law Offices of John E. Mufson. Our attorneys can help you find a debt solution that works for your high income bankruptcy in Delray Beach. John Mufson has more than 25 years of experience working on bankruptcy law and he has helped people from all income levels file for bankruptcy. Just because you earn a high income doesn’t mean you can’t struggle financially, and if you are struggling, our attorneys can help find a solution.  

What are my options for high income bankruptcy?

John Mufson has worked to help many business owners, people who earn high incomes, and people who have large assets. When you receive a free consultation from our team at The Law Offices of John E. Mufson you’ll go through the various options you have for filing high income bankruptcy. Chapter 13 bankruptcy could be an option, but for those with high income it can present some issues. Chapter 11 bankruptcy is another option for individuals with a high income. You may have to file for chapter 11 bankruptcy in the following scenarios:  

• You have over $360,475 in unsecured debts. 
• You have over $1,081,400 in secured debts.  

Unsecured debts can include credit card debt, medical bills, and personal loans. Secured debts include mortgages, auto loans, boat loans, and more. If you find yourself struggling financially there are options for you to get out of debt. Our attorneys at The Law Offices of John E. Mufson can help you find the best debt relief or bankruptcy option for your current financial situation.  

Call today to get started.

John Mufson and his team of attorneys have an understanding of the current bankruptcy laws and can help you get out of your financial struggles. During your free consultation Mr. Mufson will develop a plan to best help you obtain maximum debt relief, while also retaining as many of your assets as possible. Anyone can find themselves in debt and sometimes it’s through no fault of your own. If you’re a high income earner but struggling financially, it’s time to learn about your options for high income bankruptcy in Delray Beach. Call The Law Offices of John E. Mufson today to learn more about how Mr. Mufson and his team can help you.  

Many Americans find themselves with unmanageable debt and are looking for ways to find debt relief. Some people fear filing for bankruptcy so they look for other ways to reduce or eliminate their debts. In many cases, filing for bankruptcy can be the best option depending on your current financial situation. If you’re looking for debt programs in Delray Beach, contact The Law Offices of John E. Mufson today. John Mufson and his team can help you find a debt program or bankruptcy option that works for you.  

Learn the truths about debt programs in Delray Beach

If you’re struggling with large amounts of debt it’s time to learn about your options and what might be best for you. Debt workouts and debt programs are typically used by large businesses or corporations to restructure their finances and take care of their debts. Often times, a debt program isn’t the best option for an individual or small business owner. With debt workout schemes and other programs there can be some unpleasant realities including:  

• You are taxed on the amount of debt that is forgiven.  
• Your credit score doesn’t improve during the workout period.  
• During the workout period a creditor can still file a creditor lawsuit.  

For many individuals and small business owners filing for bankruptcy can be the best option to get rid of your debts. When you work with a good bankruptcy attorney you’ll learn the benefits of filing for bankruptcy and if it’s truly the best option for you. John Mufson and his team are experienced working to find their clients the best debt relief and bankruptcy options to help you get a fresh start financially. Chapter 7 bankruptcy is one option, which allows you to completely discharge unsecured debts. Chapter 13 is the other option for individuals, which will forgive unsecure debts after your repayment period is complete.   

Find your best debt relief option today

If you’re struggling with debt it’s time to call The Law Office of John E. Mufson. John Mufson and his team will work with you to find the right debt relief option for you, whether that’s filing for bankruptcy or finding a debt program that works for you. Often times filing for bankruptcy is the best option for an individual. Schedule your free consultation with John Mufson today by calling (561) 272-1003. 

If you’re struggling with debt it’s important see what options are available to you. For many people, when they hear the word bankruptcy they immediately think it’s the last option they should choose. There are some situations where filing for bankruptcy may be a good option to help eliminate debt and start fresh. Speaking to a bankruptcy lawyer in Delray Beach can help you learn the options available for you. The Law Offices of John E. Mufson can help you find a debt solution that works for you. There are many debt programs that promise to help reduce or eliminate debt but end up being a scam leaving you in more debt or a worse financial situation. Our attorneys can help you find a debt solution that actually works for you.  

What are the advantages of filing for bankruptcy?

It can tough to save money and easy to find yourself in a lot of debt. Medical bills, student loans, and home repairs are a few ways you can find yourself in large amounts of debt. If you’re struggling to pay your bills and wondering about your debt relief options call The Law Offices of John E. Mufson today. Our attorneys will help you determine if bankruptcy is a good option for you. Other options could include loan modification and debt consolidation. When it comes to bankruptcy, there are many advantages including:  

• Creditors are forced to accept the terms of bankruptcy. 
• You are not subject to taxation for discharged debts. 
• Your unsecured debts are eliminated. 
• Protection from wage garnishment, repossession, and foreclosure.  
• You can immediately begin working to improve your credit.  

If you receive harassing calls from debt collectors they are forced to stop calling immediately when you file for bankruptcy. The Law Offices of John E. Mufson has a team of attorneys who can help you find a debt solution for your situation. Chapter 7 and chapter 13 are common forms of bankruptcy for individuals looking to file. The type of bankruptcy or debt solution you choose depends on the type of debt you’re in and how much debt you have.  

Are you ready to get out of debt and get a fresh start on your finances? The Law Offices of John E. Mufson can help you find the right bankruptcy or debt solution for your current financial situation. John Mufson and his team have years of experience and can help you understand the different options you have and which might work best for you. Contact The Law Offices of John E. Mufson today to schedule your consultation.  

When you’re drowning in debt it can be an overwhelming feeling. You know you need to do something about your debt, but you aren’t sure what to do or what the best option is. If you’re looking for a consolidation program in Delray Beach, it’s important to be careful of scams and programs that promise to eliminate your debt with little to back up these promises. At The Law Offices of John E. Mufson, we can help you find the right debt relief for your financial situation. Our attorneys will work with you and see how you can attack and eliminate your debts.  

Is bankruptcy an option for me?

Many people think that bankruptcy is a bad idea and they don’t think it should be an option for them. So instead they look for consolidation or debt relief programs as a way to reduce or eliminate their debts. Many of these programs don’t work like they promise, and often can leave the person in further debt as a result of these programs. When you work with an attorney to try and get your debt under control, you can find the best debt relief option for your situation. For some, bankruptcy might be the best option. Bankruptcy will issue an automatic stay which will prevent creditors collection attempts against you. When an automatic stay is in place, creditors are not allowed to: 

• Foreclose on your home 
• File a lien against your property 
• Call you at home or work 
• Evict you from your apartment  
• Repossess property 

The Law Offices of John E. Mufson can help you determine if bankruptcy is a good option for you. Each person is in a different situation financially and there is no one way to reduce or eliminate debts that will work for everyone. Our attorneys are here to help you and make sure you stay away from potential debt relief scams or other programs that could end up putting you in a deeper hole financially.  

While filing for bankruptcy scares many people, it can often be a good solution for those drowning in debt. It gives you the opportunity to start fresh without all of the debts you currently have. At The Law Offices of John E. Mufson we’ll make sure you are given the best help to find a way to reduce and eliminate your debts. Call our office today to schedule an appointment with our attorneys.  

Are you struggling with thousands of dollars in student loan debt and simply unable to make your minimum payments? Unfortunately, it’s a situation which many people find themselves in once they graduate. Finding a job right out of college can be difficult, and even with an entry level position it can be tough to afford your student loan payments. If you’re looking for a way to end the harassing calls from student loan collectors, The Law Offices of John E. Mufson may be able to help. With the years of experience John Mufson and his team have, we’re ready to help you find the solution for your student loan debt.   

Can my student loans be dismissed through bankruptcy?

Student loans are not forgivable through bankruptcy, but that doesn’t mean bankruptcy isn’t an option for you. For many people who have a lot of student loan debt, they also have other debts they’re struggling with as well. This could be credit card debt, car loans, or medical bills that have piled up. If you file for bankruptcy and have your other debts forgiven, it could give you the opportunity to put more of your money towards your student loans and get back on track.  

For those who are struggling with thousands in student loan debt, often times chapter 13 bankruptcy is the best option for them. Chapter 13 bankruptcy can put an immediate hold on repossession, foreclosure, and wage garnishment and will also stop interest on student loans from accruing. You also will be able to roll your student loan debts into your bankruptcy repayment plan.  

Because each person’s financial situation is different it’s important to work with a bankruptcy attorney. At The Law Offices of John E. Mufson we’ve been helping people eliminate and reduce their debts for more than 25 years. If you’re struggling with student loan harassment in Delray Beach, our team can help. Whether it’s filing for bankruptcy or finding another alternative to your debt problems our attorneys will provide you with every option you have available. To schedule a free case evaluation and to work with our team contact The Law Offices of John E. Mufson today.  

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.