Are you struggling to make your monthly payments? Many people find themselves buried in debt with little hope of eliminating their debt anytime soon. When the bills keep piling up what do you do? How are you supposed to pay all of these bills when you simply don’t have enough money to make your payments? Filing for bankruptcy could be an option for you. There are a few different types of bankruptcy for individuals looking to file, and speaking with a bankruptcy attorney in Delray Beach can help determine which option will be best for you. At The Law Offices of John E. Mufson we have a team of experienced attorneys who are here to help you eliminate your current debts. Give us a call today to see how we can help you climb out of debt.
Will filing for bankruptcy ruin my credit and financial future?
Many people think of bankruptcy and they think it will ruin their credit forever. For those who are struggling with thousands of dollars of debt, filing for bankruptcy may be the best option for you. It can provide you with a fresh start where you’ll be able to begin rebuilding your credit immediately after filing. Creditors will see that you’re taking the right steps to eliminate your debts, and with smart financial decisions filing for bankruptcy can help improve your credit over time.
What are my options when I consider filing for bankruptcy?
The type of debt you have and the amount of debt you’re in can determine which option of bankruptcy is best for you. There are typically two options for individuals looking to file. Chapter 7 bankruptcy is the liquidation form where you will sell your personal items to pay back your debts. Chapter 13 bankruptcy in Delray Beach will place you on an affordable payment plan which typically lasts 3 or 5 years. After your payment plan is up the rest of your outstanding debts are forgiven.
If you’re buried in debt and looking for a way out now is the time to call our team at The Law Offices of John E. Mufson. We’ll work with you to help you find the best debt relief solution for your current financial situation. For some, filing for bankruptcy is the best option to eliminate your debts. Call us today to schedule your free consultation and see how we can help you eliminate your debt.