When you have unforeseen bills and other expenses it can be easy to fall into debt, yet seemingly impossible to climb back out. If you’ve been overcome with a high amount of debt and can’t afford to pay your bills filing for bankruptcy may be an option for you. Many people fear bankruptcy, but it can actually help a lot of people out. Once you file you’ll be allowed to start fresh and you’ll be able to work towards rebuilding your credit. At The Law Offices of John E. Mufson we help those who are considering filing for bankruptcy.
When you consider filing for bankruptcy you will have a couple of different options. You may finding yourself wondering what is the best option for me? Well, that depends on how much debt you’re in and the type of debt you’re in. Chapter 7 and chapter 13 are the two most common options for individuals who are looking to file for bankruptcy.
Should I file for Chapter 7 bankruptcy?
Before making any decisions about filing for bankruptcy and which option might be best for you, it’s important to speak with a bankruptcy attorney. Our skilled attorneys will sit down with you and go over all of your options, and help you decide which will be the best way for you to eliminate your debt. Getting legal advice from an attorney who has been in the business for a long time is incredibly important. John Mufson has been a practicing attorney for over 25 years and has both the knowledge and expertise to put you in the best position to start fresh and eliminate your debts.
How does Chapter 7 bankruptcy work?
Chapter 7 bankruptcy is for those who have a large amount of debt and simply can’t afford to pay their debts back. When you file for chapter 7 bankruptcy you will be forced to liquidate your assets to pay back as many of your debts as possible. You will then be able to start fresh and learn to rebuild your credit.
If you’re struggling with debt, call our office today. We can schedule a consultation with you and sit down with you to discuss your different options. We want to help you get back on your feet financially. Call our office and we’ll get the process started to help you determine what your best options are to eliminate your debt.