Is Chapter 13 Bankruptcy right for me?

Chapter 13 Bankruptcy Delray BeachPeople fall into debts due to various different bills, credit cards, or loans. It can seem impossible to get rid of your debt once it starts accumulating, and if you’re struggling with debt filing for bankruptcy could be an option for you. There are a variety of different reasons why someone can choose to file for chapter 13 bankruptcy, and when you speak with a knowledgeable bankruptcy lawyer they can help you determine if chapter 13 is the best way to help you eliminate your debts. At The Law Offices of John E. Mufson, we have an experienced team of bankruptcy attorneys in Delray Beach who are here to help you eliminate your debts!

Is Chapter 13 bankruptcy right for me?

When you’re struggling with debts you need to find a solution to help eliminate your debts. If you simply can’t afford the bills that have accrued now is the time to speak with our attorneys at The Law Offices of John E. Mufson. We’ll work with you to figure out what type of debts you’re in and the best way to eliminate these debts. Chapter 13 bankruptcy can be a good option for many to help eliminate their debts. When you’re in chapter 13 bankruptcy you’ll be put in a manageable monthly payment plan for either 3 or 5 years. Once you finish this payment plan the rest of your debts will be forgiven, and you can start fresh with your finances.

Will filing for bankruptcy destroy my credit?

When you’re in the position of needing to file for bankruptcy it means you’re in a lot of debt. Chances are that your credit isn’t great when you have all of these debts. When you file for bankruptcy your credit can actually improve, because creditors see that you are taking steps to get back on track financially. Once you file and eliminate your debts you can then work towards rebuilding your credit. Without all of the debt you can begin to make smarter financial decisions to avoid falling into debt again.

It can be easy to fall into debt and many people fall on tough times. If you’re struggling to pay more than the monthly payments, it’s time to contact our team at The Law Offices of John E. Mufson. Our team will work with you to find the best bankruptcy option for you, whether it be filing for Chapter 13 bankruptcy or if there is another avenue that would be more beneficial. To get started call our offices today and schedule your free consultation.