When you have more debt than you know what to do with where do you turn? Debt can pile up in a hurry and it can seem impossible to get back on your feet at times. If you’re struggling with debt in Delray Beach, you need to talk with a skilled attorney who can help you get back on your feet. At The Law Offices of John E. Mufson we help those who are facing what seems like an unsurmountable amount of debt.
There are many different options you’ll have if you’re considering filing for bankruptcy. Many people think that bankruptcy is the last ditch effort to get out of debt, but a lot of times it can make sense to file and can give you a fresh start.
Will filing for bankruptcy ruin my credit forever?
This is one of the biggest concerns many people have when they consider filing for bankruptcy. They fear that if they file they will never be approved for a car or house loan in the future. Contrary to popular belief, your credit score will actually increase after you file for bankruptcy. When you file for bankruptcy it lets creditors know that you are taking the steps to get your debt problems under control.
Which type of bankruptcy is best for me?
Chapter 7 and chapter 13 are the two most popular types of bankruptcy for individuals who are thinking about filing. Chapter 7 bankruptcy involves liquidating your assets to help pay off the debts you owe. Chapter 13 bankruptcy does not involve liquidation, but rather puts you on a monthly payment plan to pay off your debts. Both have their pros and cons, and talking with an attorney can help determine which type of bankruptcy you may be eligible for and what option is best for you.
Our attorneys will work with you to help you eliminate your debts. While things may seem hopeless when you’re in a large amount of debt, you can turns things around. That begins when you make the call to The Law Offices of John E. Mufson. After you decide to file for bankruptcy you can start fresh and start over to rebuild your credit score. Call us today to see how we can help you eliminate your debts.