Is Chapter 13 Bankruptcy right for me?

Are you struggling with debt and find yourself unable to pay your bills? Many people struggle with debt and must look into bankruptcy options to help them get out of debt. Filing for bankruptcy might seem like a scary situation, but for those who are buried in debt it can help many people. Bankruptcy will allow you to reduce and even eliminate much of your debt, allowing you to have a fresh start financially. Your credit score is probably low if you’re in a position with a lot of debt, and once you file you can begin making smart financial decisions and work on building your credit score. If you’re struggling with debt and wondering if bankruptcy in Delray Beach might be the best option now is the time to contact our team at The Law Offices of John E. Mufson.

What are the benefits of chapter 13 bankruptcy?

Chapter 7 and chapter 13 are the two main types of bankruptcy for individuals who are looking to file. There are some differences between the two and depending on your current financial situation one option may benefit you more than another. With chapter 13 bankruptcy you can set up a repayment plan in which you will have a monthly payment to help repay back some of the debts you’re in. Typically, this is a three or five year plan and once you are done with the plan the remainder of your debts are forgiven.

Once you file for bankruptcy the calls from collectors must end immediately. If you’re constantly getting calls about unpaid bills and you simply can’t afford to pay them, filing for bankruptcy can help put a stop to these harassing calls. There are many reasons as to why someone can fall into debt, and people from all walks of life can find themselves struggling from time to time. High medical bills, credit card debt, job loss, divorce and much more can all contribute to you falling into debt. Don’t allow your debt to take control of your life. Get back into a good place financially by taking control of your finances and getting back on track.

If you’re simply unable to pay your bills filing for bankruptcy might be the best option for you. It’s a way to reduce and eliminate your unsecured debts and can allow you to get a fresh start financially. Working with a bankruptcy attorney in Delray Beach can help you find the best solution. John E. Mufson and his team have years of experience and are here to help you. Give us a call today and see if chapter 13 bankruptcy might be an option for you.