A Trusted Slip and Fall Lawyer Can Help Prove Your Case

If you slip and fall on your children’s toys in your home and sprain your foot or you miss a step on the stairs and break your ankle, that’s clearly no one’s fault but your own. But what happens when you slip and fall on property outside of your home? It just might be that someone other than you is at fault. You may have slipped on a wet floor in a department store because the caution sign wasn’t in plain sight. Or, you may have fallen on a cracked sidewalk at a construction site that did not have a posted warning sign. All of these scenarios are unfortunate and happen every day. But what happens when a slip and fall accident results in broken bones or even something more serious that lands you in the emergency room at your local hospital in Delray Beach? While we’d like to avoid these situations at all costs, they do happen at the most inopportune moments and when they do; you’ll want to call the expert team of attorneys at The Law Offices of John E. Mufson, a leading slip and fall injury lawyer in Delray Beach. Our experienced and compassionate attorneys will be able to advise you best on your slip and fall case.   

How can I prove a slip and fall accident in Delray Beach?  

It’s not that easy to prove a slip and fall case unless you have an excellent attorney by your side. Your slip and fall injury lawyer in Delray Beach will be responsible for gathering enough evidence to make a case in court and deal with all of the complicated paperwork. When you are involved in a slip and fall accident in Florida, the law states that you must be able to prove that you suffered serious injuries that resulted in lost wages from time away from work, medical bills and not to mention your pain and suffering both emotionally and physically. While all of this can take some time, luckily, there are some things you can do right away to help move the process along:    

  • Take stock of your injuries and remain calm. Make sure to call a loved one to come and help you immediately if you are alone.  
  • Seek medical treatment or call 911 for help right away. Your medical records will also serve as documented proof of your injuries.  
  • Report the accident. First, report the accident immediately to the store manager, gym manager, restaurant owner, etc. and then call the police.  
  • Take photos of the exact scene where you fell and get witness statements if available. Document what happened. Jot down the exact time and date.   
  • Get the names and addresses of all those involved and the names of owners, if possible.  
  • Call a qualified slip and fall injury lawyer in Delray Beach to help prove your case. This type of lawsuit is very specialized and is best left to an experienced slip and fall attorney.   

Remember not to take your injuries lightly. If you fall in front of a store, don’t just walk or limp away! Call a trusted slip and fall attorney like the expert team at The Law Offices of John E. Mufson to determine if you have a viable case. We have the resources and years of experience to help you prove your claim and give your case the attention it deserves. Florida does have certain limits on the time you can file your claim, so time is of the essence. Please call us at (561) 272-1003 to schedule a free, no-obligation consultation in person or by phone.  

Bankruptcy is A Growing Epidemic in America

If you’re thinking about filing for bankruptcy, then you are not alone. Millions of Americans file for bankruptcy every year and it’s a serious growing epidemic. If you’re reading this, you’re probably bogged down with a lot of debt from credit cards, school or personal loans that you just can’t handle. If you find yourself wondering, “How could this happen to me,” it’s nothing to be ashamed about. It’s more common than you think. The truth is that it happens to people from all walks of life. Sometimes bills pile up and it just becomes impossible to make ends meet. At The Law Offices of John E. Mufson, we know how tough it can be to manage your bills, credit card debts, medical expenses and just the costs of day-to-day living. If you owe far more than you make in a month, if you’re fed up with calls from creditors or if you’re constantly worrying about your bills, call the experienced bankruptcy law firm in Delray Beach, The Law Offices of John E. Mufson. We have a great success record and we’re one of the best bankruptcy law firms in South Florida.  

How Does Bankruptcy Work Exactly?  

Filing the paperwork for bankruptcy can be complicated, which is why it’s vital to engage the legal guidance and support of an experienced bankruptcy law firm in Delray Beach like The Law Offices of John E. Mufson. We are here to discuss all of your options when it comes to deciding whether to not to file for bankruptcy.   

What Are My Bankruptcy Options?  

There are a few different types of bankruptcies and one may be a better choice for individuals and another may be a better choice for business owners. The two most common types of bankruptcy are:   

Chapter 13 is the best choice for many individuals. If you have the financial ability to pay off some of your debts but not all of your balances, then Chapter 13 may be the right fit for you. This form of bankruptcy involves a debt restructuring plan. Your income, debt, and expenses are analyzed, then your debts are restructured into payment amounts and cycles that match your financial capabilities. This means that with the help of Chapter 13 bankruptcy, you pay back only a small portion of your debt, a portion that won’t cost more than you can handle. The leftover balances after the Chapter 13 payment period can simply be wiped clean in many cases.   

Chapter 7 is another type of bankruptcy that you can file. If you owe far more than you can pay back, then you may be a candidate for Chapter 7 bankruptcy. Here, assets are exchanged for exemption of debts. Essentially, your credit card debts, medical bills, and other debts are wiped completely clean. You are not required to set up a payment plan, but instead, you exchange nonexempt assets for debt liquidation.    

At The Law Offices of John E. Mufson, a leading bankruptcy law firm in Delray Beach, we’re here to help you understand how to approach bankruptcy and determine if it’s the right move for a person in your financial situation. We can guide you towards the healthy financial future you deserve, with legal assistance, support and the best representation in South Florida. To learn more about how we can help with your individual situation, please call (561) 272-1003 for a free consultation and to meet with one of our skilled bankruptcy attorneys. 

When Should I Call a Car Accident Lawyer in Delray Beach?

In South Florida, where the weather is pretty much always mild, it’s not uncommon to see many different kinds of vehicles out on the roads. It’s not uncommon to find Delray Beach hopping with pedestrians walking and cars all cruising around on a warm sunny day. With so many cars on the road and people walking around especially downtown Delray Beach during tourist season, a car accident can easily happen when you are least expecting it. Distracted drivers and road obstructions can also lead to a crash. If you’ve been injured in a car accident, it’s time to call the attorneys at The Law Offices of John E. Mufson. There is no time to waste. We are experienced car accident lawyers in Delray Beach that will give your case the attention it deserves. We suggest consulting an attorney immediately following your accident. One of the most important things to do besides calling us is not to sign anything before we’ve had a chance to review it.  

What are the Common Causes of Car Accidents?  

•Distracted driver – Texting and pedestrian gazing or even talking on the phone may lead to a car accident. Also, a much larger vehicle can miss seeing a smaller vehicle or a motorcycle.  

•Driving Under the Influence – its 2020 and people still can’t head the simple advice of not drinking and driving. No one should drive intoxicated; it can lead to multiple cars, truck and motorcycle accidents.  

•Not following the rules – Winding in and out of lanes or not stopping at stop signs can cause crashes. An inability to follow the rules of the road will end in an accident more times than not.  

•Not servicing your vehicle – Cars, trucks, and motorcycles should be checked annually for routine maintenance issues like oil changes, tire rotation, and brake checks. Failure to do so may mean your life or another motorist’s life.  

If you or your loved one has been in a car, truck or motorcycle accident, call the experienced car accident lawyers at The Law Offices of John E. Mufson in Delray Beach so that we can start to build your case. It’s not always easy to prove a car accident claim, especially if you or the other motorist is uninsured. However, there are some things we can do right away to help build your case such as:  

•Get Photographs of the scene  

•Gather witness statements, if any  

•Obtain Police Reports   

•Investigate the other motorists driving history  

•Review Medical Records  

•Recreate or reconstruct the accident scene  

•Consult with experts  

•Deal with the insurance companies on your behalf  

At The Law Offices of John E. Mufson, we understand that each car accident case is unique, so it’s crucial to schedule a personalized consultation with one of our car accident lawyers in Delray Beach. We can help assess your case and go over all of your options. We can assist with your car, truck or motorcycle accident case. When your accident is clearly caused by the negligence of another, you want to do everything in your power to hold that party accountable for their actions. We offer a free consultation and you can reach us in Delray Beach at (561) 272-1003. 

What to Expect from a Premises Liability Lawyer in Delray Beach

When you need a premises liability lawyer in Delray Beach, chances are you’re wondering what to expect. You’re not alone, especially if it’s your first time dealing with such a case. At The Law Offices of John F. Mufson, we’ve seen plenty of personal injury cases and premises liability cases. It’s common for newcomers to wonder what we can do for them. It’s also common for people to wonder if they need a liability lawyer. The short answer is yes. Keep reading to learn why!   

What Makes a Premises Liability Lawyer in Delray Beach Worth It?   

What you can expect from a premises liability lawyer and why they’re useful are similar questions. The biggest advantage of hiring a lawyer is that you can save yourself time. When you’re facing a personal injury case, the last thing you’ll want to do is fight large companies and their insurance companies. You deserve to rest in peace while allowing the professionals to handle the details of your case. Another major reason people hire a lawyer is that they’re looking for their maximum settlement amount. Large companies, such as malls and grocery stores, will often push to settle at low amounts when individuals don’t have a lawyer on their side. This is dangerous because your injuries could cost you thousands of dollars.   

What people often don’t think about is that injuries are more than medical bills. You’ll miss work, and your loved ones might face the pressure of taking on the financial burden. Additionally, you can sue for emotional distress, therapy, and of course, the piling medical bills. With all of this in mind, it’s best to go for the maximum settlement. You also don’t know how long you’ll need assistance, or how long you’ll need to be off work. Having a professional lawyer on your side will ensure that you’re being paid appropriately, and they’ll fight on your behalf against those larger businesses.   

When you find yourself in need of a lawyer, there are a few initial steps that you can expect. First, they’ll consult with you about your case. If they feel that you do, in fact, have a case, then they’ll fight for you. They’ll start gathering the facts, witness statements, and so much more. Then, they’ll start preparing a case that will be hard to deny. A lawyer will be there to answer any questions for you, every step of the way. They’ll also be there to ensure that you’re updated as things progress. Knowing that you can focus on healing, while simultaneously having a trustworthy firm handling your case brings significant peace of mind during a challenging time.   

If you’re currently in need of a premises liability lawyer in Delray Beach, you’re in the right place. At The Law Offices of John F. Mufson, we’re here to help when you need assistance the most. We have multiple years of experience, and the practice necessary to be called a seasoned expert. When you work with our team, you’re treated with compassion and genuine care. When you’re in trouble, we’re the firm to make your life easier. Rest at ease knowing that our team has your back. Contact us today at 561-272-1003. We’re here to exceed your expectations, and give you what you rightfully deserve.   

What Qualifies as a Slip and Fall Case from Slip and Fall Injury Lawyers in Delray Beach

When a person endures a slip and fall accident, they might not even be aware that this incident is worthy of pressing charges. Often, slip and fall cases happen in public places. These public places include grocery stores, malls, business sidewalks, parking lots, and more. Slip and fall incidents can be exactly as it sounds, but others may be more obscure. At The Law Offices of John E. Mufson, we’ll walk you through what scenarios call for professional slip and fall injury lawyers in Delray Beach. Keep reading to learn more!   

Grocery Store Isles: Incidents Worthy of Calling Slip and Fall Injury Lawyers in Delray Beach   

Have you ever been in a grocery store, and you’ve noticed that there’s a large, wet floor sign in an isle? This indicates that someone has spilled a liquid or a food item. Alternatively, it can indicate that someone has recently washed the floors. Whatever the case may be, it’s kindly telling you that you’re at risk. However, there are times where there isn’t a wet floor sign, either because the spill was fresh, or someone was negligent. Either way, not having a wet floor sign can lead to slipping and falling, which can then resort to injuries. If you’ve recently been a victim of a slip and fall case, don’t brush off the issue!   

Icey Business Sidewalks   

While it’s not common in Florida, there are cases in the North where people will be walking from their car to the business, and they slip and fall. While Mother Nature is hard to predict, businesses need to be aware of the latest weather patterns. Whether snow, hurricanes, or other natural disasters, businesses should ensure that their entrances are safe and secure for guests to move with ease.   

Loose Railings   

Have you ever leaned on a railing lightly, only to realize that the railing was a bit wobbly? Instinctively, this would mean that you would immediately stop leaning. However, there are times where someone puts their full weight onto the railing. Perhaps they’ve tripped and leaned on the railing for assistance, or perhaps it’s an older individual who puts all of their weight on the piece to stabilize them. Whatever the case may be, the worst is when the railing gives way. Hopefully, the fall is short. However, this is not always the case.   

Maintenance Issues   

Last, but not least, a slip and fall case can be caused by poor maintenance. This includes unsteady handicap ramps and loose pieces of carpet or tile. A person could easily trip, causing severe injuries that can take weeks, months, or even years to heal. It’s not the person’s fault for tripping, but rather, the blame falls on the negligence of the company.   

As you can see, there are plenty of examples of slip and fall cases. Some individuals that sustain seemingly minor issues might shake off the need for a case, but at The Law Offices of John E. Mufson, we can tell you that this isn’t always the best idea. There may be deeper issues that arise later. You’ll want to hire professional slip and fall injury lawyers in Delray Beach as soon as possible to help you organize. If you’ve recently been a victim of a slip and fall case, contact the seasoned experts today at 561-272-1003.

Tips on Staying Positive After an Injury Accident from Personal Injury Lawyers in Delray Beach

It’s everyone’s worst nightmare to imagine that they’d be involved in a personal injury accident. Unfortunately, life is not selective when it comes to handing out issues to deal with. Sometimes, personal injury incidents leave a person feeling lost, uncertain, and depressed. Injuries that occur can leave a person unable to work for weeks or even months. In order to stay upbeat and positive, the professional personal injury lawyers in Delray Beach from The Law Offices of John E. Mufson are here to give a few applicable and practical tips. Keep reading to learn more!   

1.Embrace the Change   

Personal injury cases can leave injuries that last a lifetime, or a few weeks. Whatever the case may be, those involved must learn to cope with the changes. Being more accepting of what has happened makes the events less painful. In fact, studies show that those who remain positive during injuries are more likely to heal. Additionally, they’re able to heal quicker! Don’t let your accident get you down. Instead, take time to work on acceptance, and rest at ease knowing that personal injury lawyers are working to get you the compensation you rightfully deserve.   

2.Incorporate Exercise   

While it seems impossible that one can exercise while injured, you might be surprised! There are plenty of restorative practices that not only help the healing process but also increase positive brain chemicals. This increase in chemicals also accelerates cellular response. Not only does working out with activities such as physical therapy, walking, and swimming keeps you rejuvenated, but it will also keep you happier in a challenging time.   

3.Use the Downtime Wisely   

Last, but not least, use your downtime wisely if you can. Perhaps there’s a new business venture you’ve been looking to build, or maybe you need some time to sort through your taxes at the beginning of the New Year. Take advantage of having time to call loved ones, or to have friends visit. Of course, you won’t be feeling 100%, but you can use your time off of work to strengthen other areas of your life while healing.   

At The Law Offices of John E. Mufson, our personal injury lawyers in Delray Beach are here to assist when situations are tough. Being involved in a personal injury case is the last thing you wanted, and you shouldn’t have to go through this process alone. Instead, contact our team today at 561-272-1003 and see how we can work together. We’ll be by your side, every step of the way. With our lawyers on your side, you can focus on healing. You can focus on your loved ones. You can focus on regaining your strength so that you’re ready to take on the world when you’re better. Don’t let another moment pass you by. Now’s the time to call Mufson Law. Let us help you get your life back.   

How Can I Get Out of Debt Without Losing Everything I Own?

If you’re thinking about filing for bankruptcy, it’s nothing to be ashamed about. In fact, the average American has about $38,000 on average in personal debt excluding home mortgages. The truth is that it happens to people from all walks of life. Sometimes bills pile up and it just becomes impossible to make ends meet. At The Law Office of John E. Mufson, we know how tough it can be to manage your bills, credit card debt, student loans, medical expenses and just the daily cost of living in our materialistic society. If you owe far more than you make, if you’re fed up with calls from creditors or if you’re constantly worrying about your medical bills and inability to pay back your student loans, don’t despair, help is available. Call on a professional bankruptcy law firm in Delray Beach like The Law Office of John E. Mufson. We have a great success record and we’re considered one of the best bankruptcy law firms in Delray Beach.

How does bankruptcy work exactly?

Filing the paperwork for bankruptcy can be tedious and complicated, which is why it’s vital to engage the legal guidance and support of an experienced bankruptcy law firm in Delray Beach. The skilled bankruptcy attorneys at the Law Office of John E. Mufson can discuss all of your options when it comes to filing for bankruptcy and the best options to choose from.  

What are my bankruptcy options?

There are a few different types of bankruptcies and one may be a better choice for individuals and another may be a better choice for business owners. These are considered the most sensible bankruptcy options: 

Chapter 7 is a type of bankruptcy that an individual can file. If you owe far more than you can pay back, then you may be a candidate for Chapter 7 bankruptcy. Here, assets are exchanged for exemption of debts. Essentially your credit card debts, medical bills, and other debts are wiped completely clean. You are not required to set up a payment plan, but instead, you exchange nonexempt assets for debt liquidation.  

Chapter 13 is the best choice for many individuals. If you have the financial ability to pay off some of your debts but not all of your balances, then Chapter 13 may be the right fit for you. This form of bankruptcy involves a debt restructuring plan. Your income, debt, and expenses are analyzed, then your debts are restructured into payment amounts and cycles that match your financial capabilities. This means that with the help of Chapter 13 bankruptcy, you pay back only a small portion of your debt, a portion that won’t cost more than you can handle. The leftover balances after the Chapter 13 payment period can simply be wiped clean in many cases. 

Our bankruptcy law firm in Delray Beach is prepared to help you understand what filing for bankruptcy means and to determine your best options. Let the expert bankruptcy lawyers at The Law Office of John E. Mufson help you get rid of your debt and guide you towards the financial future you deserve. To learn more about how we can help with your individual situation, please call for a free consultation with one of our skilled bankruptcy attorneys in Delray Beach at (561) 272-1003.    

Do I Need a Foreclosure Defense Attorney in Delray Beach?

While the housing market is somewhat stable today with interest rates still at all-time lows, statistics show that with 1 in every 1230 Florida houses sold, a homeowner will receive a notice of foreclosure. Ifyou’re a South Florida homeowner that received a foreclosure notice recently, you’ll want to contact a great foreclosure attorney in Delray Beach right away to get you through this difficult time. When you’re facing the threat of a foreclosure or have just received a foreclosure notice, it’s time to call the Law Offices of John E. Mufson. With our help, you can work towards the most effective foreclosure defense possible, preserving your assets, your finances and your even your home. Foreclosure defense can seem overwhelming, but with a foreclosure attorney in Delray Beach on your side, you can rest assured that we will have your best interests at heart.

Options to consider when facing foreclosure

There are some options to consider before giving up. First, your attorney should take the time to consider your financial needs and goals. There are different paths you can take when you’re faced withthe possibility of foreclosure on your home like:

  • Consider a loan modification – This does not always work in your favor as the loan may end up costing you more in interest over time. But it is an option to buy you more time.
  • Consider forgive a payment or two – sometimes a lender might forgive a payment or two if you promise to remain current on all future payments. It’s worth a try in any case.
  • Consider a repayment plan – this may buy you some time to come up with a payment plan that works for everyone. Spreading payments out over a set amount of time may be a viable option.
  • Consider a short sale – a short sale can be a great alternative to foreclosure. Essentially it is asking your lender to take less what than they are owed on the balance of the mortgage loan.
  • Deed in lieu – in this type of foreclosure the deed to your home is signed over to the bank. You just walk away. But not so fast. Although this will leave you free and clear of your debt, it will destroy your credit rating and make it impossible to purchase a home for years to come. When considering this option or any alternative to foreclosure, it’s best to speak with a foreclosure attorney in Delray Beach like the experienced legal team at the Law Offices of John. E. Mufson.Some of these options are viable alternatives to foreclosure that may be ideal for individuals looking to save themselves from the stress of a monthly mortgage. You may forfeit your home but in exchange for minimal to nonexistent impacts on your credit score and the ability to purchase a new home in the future. While it’s important to take the time to consider your best approach towards foreclosure, it’s important to find the best legal counsel quickly to ensure you fight your foreclosure with viable alternatives in a timely manner. If you’ve received a notice of foreclosure, or if you know that one will be coming soon, reach out to our team at the Law Offices of John E. Mufson today. We will help you devise a plan of action that works for you, then walk you through it from start to finish. To get started with your free consultation, please call our law office at (561) 272-1003. You’ll be glad you did!

Harassed by Creditors? How Bankruptcy Can Protect You!

We all the old song and dance: a number you don’t recognize pops up on your phone and you stare at it debating if you should answer. It could be a friend or family member with a new number you haven’t saved yet. More likely, it’s an unsolicited caller attempting to sell you a product or service. For people living with credit debt, those calls can be frustrating and cause anxiety. Having creditors hound you for funds you don’t have keeps you in a cycle of financial stress that seems impossible to escape.  

Creditors call at any time of the day, using shady tactics to get you to answer and to keep you on the phone. These agents make false claims and threats to try and force your hand to collect on debts. Harassing calls can make you hesitant to answer the phone, causing you to miss important information or job opportunities.  

Stop the harassment and reclaim control of your life now. Here’s how filing bankruptcy can help. 

What is Bankruptcy? 

The word bankruptcy strikes fear in many people, yet most don’t actually understand what it is. Bankruptcy is a means of consolidating and eliminating debt through a legal agreement with your creditors. Depending on the type of bankruptcy filed, a bankruptcy law firm in Delray Beach can help you find a solution to your specific situation. 

The most common forms of bankruptcy are Chapter 7 and Chapter 13 bankruptcies.  

Chapter 7: liquidation of assets to eliminate unsecured debts. Chapter 7 bankruptcies are used for businesses, couples, and individuals who qualify under state specific guidelines.  

Chapter 13: development of a repayment plan spanning three to five years. Chapter 13 bankruptcies allow people with a steady monthly income to eliminate debts through repayment. With manageable monthly payments and a structured repayment plan, this form of debt solution in Delray Beach is the most common.  

How Bankruptcy Ends Harassment 

Filing for bankruptcy provides certain legal protections that help to prevent creditors from going after you in certain ways. Once bankruptcy is filed, creditors must go through the proper legal channels to settle their debts.  

Bankruptcy filing protects you against: 

Property Liens: Debts owed on home or car loans can give creditors the ability to place a lien on that property. A lien means you cannot sell or trade said property until the debt you owe is settled. Through bankruptcy filing, your creditor cannot prevent the transfer of ownership of the property. This is especially important for asset liquidation used toward elimination of debt.  

Foreclosure: As with property liens, foreclosure is an action taken against your property in an attempt to collect on a debt. Foreclosure is an attempt for a home loan provider to take ownership in order to settle mortgage debt. Bankruptcy filings prevent foreclosure proceedings to keep you and your property protected. 

Eviction: Because bankruptcy filing prevents foreclosure, it also protects against eviction from your property, keeping you and your family in your home. A bankruptcy law firm in Delray Beach like the Law Offices of John E. Mufson can guide you through this process.  

Repossession: In the same way that bankruptcy prevents foreclosure and eviction, it protects against repossession of motor vehicles and other collateral property.  

Harassing Phone Calls: Legally, once bankruptcy has been filed and proceedings begin, your creditors can no longer contact you in an effort to collect those debts. Doing so is in violation of the law and carries heavy fines. If the calls continue, gather as much information as you can including specifics of when and who the caller represents. Bring this information to a bankruptcy law firm in Delray Beach so they can ensure your rights are honored. 

If you are getting harassed by creditors and considering filing for bankruptcy, contact the Law Offices of John E. Mufson now. 

Five Ways Bankruptcy Improves Your Credit Score

For many Americans, bankruptcy is a desperate, final option shrouded in shame and feelings of failure. While we often think those who file bankruptcy have lost it all, in reality, it is a smart decision designed to help protect your financial well-being. Knowing your options for debt solution in Delray Beach gives you the freedom to choose the path of your financial future. In fact, despite misconceptions, filing bankruptcy can improve your credit score. Here’s how: 

Chapter 13 Bankruptcy Reports Regular Payments to Credit Bureaus 

Chapter 13 bankruptcy allows people with a source of regular income to create a repayment plan with creditors. Over the course of three to five years, you can make manageable monthly payments toward eliminating your debt and improving your credit score. Because you are making regular payments, this form of debt solution in Delray Beach greatly improves your score.  

Because chapter 13 bankruptcy consolidates your debt into one monthly payment, it makes it easier to manage your monthly budget and ensure your payments are on time. Reassessing your income and developing a repayment plan that works for you helps to remove the weight and stress of debt from your shoulders so you can move forward.  

Chapter 7 Bankruptcy Liquidation Increases Cash Flow 

Filing chapter 7 bankruptcy liquidates your assets to eliminate unsecured debts. This is typically reserved for individuals, married couples, and businesses that qualify: 

  • Monthly income below Florida’s median income 
  • Submit a chapter 7 means test calculation 

If you qualify for chapter 7 bankruptcy, a trustee will be in charge of liquidating your assets to resolve your debts. Debt solution in Delray Beach with Mufson Law keeps you and your well-being as our top priority. Learn more about our bankruptcy services here. 

Chapter 7 bankruptcy asset liquidation creates greater cash flow. By eliminating debts and increasing your expendable cash, this form of debt solution can improve your credit score by opening the doors to credit rebuilding. Creditors recognize the dissolution of prior debts and are more likely to extend opportunities for rebuilding your credit score. By proving yourself better capable of credit management and debt repayment, your crediting options expand to allow for improving your credit standing. 

Removal of Delinquent Accounts 

The greatest benefit of filing for bankruptcy is removal of delinquent accounts from your credit report. Delinquent accounts have the greatest impact on your credit score, signifying an inability to repay loans and lines of credit. Whether through repayment or liquidation, being able to settle these debts and remove them from your report can quickly increase your credit score. Bankruptcy law firms in Delray Beach can help to guide you through the process of removing delinquent accounts from your report so you can rebuild healthy credit. 

Improve Debt-to-Credit Ratio 

Having high debt in relation to your available credit can stand in the way of your future more than a low credit score. Maxed out credit cards and failure to adhere to a loan repayment plan can quickly create formidable, mounting debt that seems impossible to overcome. Attempting to open additional lines of credit are more likely to be denied, as creditors are reluctant to lend money to customers they perceive as unable to repay. Filing bankruptcy to settle high debt can even out this ratio, establishing trustworthiness for future credit. 

Provide the Opportunity to Rebuild 

Filing bankruptcy is not the end of the world, nor does it mean you are trapped in your current financial situation. As a debt solution in Delray Beach, the intention is to give you another chance to get things right. By settling or eliminating debts, bankruptcy allows you to use new financial knowledge to establish a healthy relationship with your finances. Discipline and adherence to your budget can help to create a better future for you and your family. 

For more information about bankruptcy and assistance determining your next move, contact Mufson Law today!