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 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.

I Need a Foreclosure Defense Attorney in Delray Beach

The thought of potentially losing your home due to foreclosure can be devastating. If you’re struggling financially and unable to pay your mortgage, it’s time to contact a foreclosure defense attorney in Delray Beach. The Law Offices of John E. Mufson has an experienced team of attorneys who can help you find a debt relief solution. Depending on your situation, the best option for you could be filing for bankruptcy. While many people fear bankruptcy, there are times where it can be the best option to help reduce your debt. With a free consultation from our attorneys we’ll help find the best debt relief option for you.  

What are my bankruptcy options to help me keep my home?  

Chapter 13 is one form of bankruptcy for individuals, but often it isn’t the best way to avoid losing your house to foreclosure. In some cases, chapter 7 bankruptcy could help you keep your home. This form of bankruptcy puts an automatic stay so that all creditor collections must stop, including foreclosure. For those who qualify, chapter 7 bankruptcy could be an option to help keep your home.  

There are additional foreclosure defense strategies that do not involve filing for bankruptcy. Learning about these options begins when you hire a good foreclosure defense attorney. Even if you’ve already received a notice that your home is being foreclosed, you might be able to get the help you need to keep your home. At The Law Offices of John E. Mufson our attorneys will go through every possible debt relief and foreclosure defense option so you can climb out of debt. As soon as you become aware that your home might be foreclosed, it’s important to speak with an experienced attorney as quickly as possible.  

Schedule your free consultation today.

At The Law Offices of John E. Mufson we can provide you with debt relief options and foreclosure defense strategies to best help you. Each financial situation is unique and finding the best defense will help you avoid foreclosure and keep your home. At The Law Offices of John E. Mufson we can help you fight your way out of debt. Call our foreclosure defense attorney in Delray Beach today to begin your free consultation and see how we can help you.  

 

 

 

How Do I File for High Income Bankruptcy in Delray Beach?

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.  

Are there any Debt Programs in Delray Beach that can help me? 

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. 

Call our Bankruptcy Lawyer in Delray Beach

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.  

How can I stop Student Loan Harassment in Delray Beach?

Many people who go to college find themselves with thousands of dollars worth of student loans once they graduate. Even if you get a job right away in the field you studied, it can be difficult to make these monthly payments on your loans. This can lead to falling into other debts, such as credit card debt or personal loan debt. If you’re struggling with your student loans and constantly facing student loan harassment in Delray Beach now is the time to contact The Law Offices of John E. Mufson. John Mufson and his team can help you find the right debt solution so you can begin lowering your debts.  

Is bankruptcy an option to help eliminate my student loan debt?

While bankruptcy doesn’t forgive student loan debt, it’s still an option for many people who are struggling with student loan debt. If you have significant student loan debt you might also be struggling with other debts, some of which could be forgivable through bankruptcy. If you’re tired of student loan harassment it’s time to speak with our attorneys and learn about your options. We can help you find a debt solution to help with your unmanageable debt situation in Delray Beach.  

At The Law Offices of John E. Mufson we offer free consultations and will sit down with you to take a look at your current financial situation. Many people who find themselves with student loan debt also have other forms of debt, from personal loans and auto loans to credit card debt and more. Chapter 13 bankruptcy could be an option for you if you have too much student loan debt. This form of bankruptcy will put an automatic stay on repossession, foreclosure, and wage garnishment. If also stops student loan interest from accumulating, while rolling in past due payments into a new payment plan.  

How can I get started?

If you’re struggling with thousands of dollars in student loan debt that you simply can’t make the payments on it’s time to call The Law Offices of John E. Mufson. Bankruptcy could be an option for you and our attorneys will help you find a debt relief plan that fits your financial situation. John Mufson and his team have the experience and expertise to help you find a debt relief plan in Delray Beach. Call our office today to schedule a free consultation and learn about your options to end student loan harassment in Delray Beach 

Find a Consolidation Program right for you in Delray Beach

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.  

How to End Student Loan Harassment in Delray Beach  

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.