http://www.WalkerLawOffices.net | Debt can weigh heavily on those that are faced with it. It can be easy to feel alone and out of options when in fact, there are still areas that you can explore further. Bankruptcy is a suitable choice that meets the needs of many individuals that are at a loss for how to ever get out from under financial obligations. There are various options available to those considering this option and they may be valuable to explore further.
Not everyone should file for bankruptcy and there are alternatives for those that have financial burdens that may not be at as serious of a level. The West Palm Beach bankruptcy lawyer from Walker Law Firm, P.A., can help with the following areas of bankruptcy law:
Bankruptcy Alternatives
When you find yourself in debt, bankruptcy may be a great option to turn the situation around, but it is not the only option. There are a number of alternatives that can be a great choice to make and they may offer you many of the benefits that you were looking for with a bankruptcy filing.
Bankruptcy Myths
There are a broad range of bankruptcy myths readily available on the internet, from friends, acquaintances and family and even myths that can be incorrectly assumed from existing law or current procedures. Which myths are based in reality, and which amount to little more than fiction?
Bankruptcy Questions
There is a lot of uncertainty about bankruptcy, and many people have questions about how the bankruptcy process works, how long it takes, how much of your assets will be lost to bankruptcy and others.
Benefits of Bankruptcy
The process of declaring bankruptcy seems to be an extreme option. There are benefits that need to be understood so you can make a decision that is based on your personal financial situation. Before proceeding, you should understand the process and all of the ramifications you will face, both positive and negative.
Chapter 13
Chapter 13 bankruptcy differs from Chapter 7 most notably in that it does not require the liquidation of qualifying assets used to pay back outstanding debt, making it easier for individuals to continue their operations while seeking that second chance at financial freedom.
Chapter 7
Perhaps the most well-known type of bankruptcy, Chapter 7, involves using existing income and qualifying assets to repay as much debt as possible in return for court-appointed, legal forgiveness of any remaining debts. Those who file Chapter 7 usually keep most of their personal assets.
Discharging Your Debt
The guidelines for discharging debt vary depending on the situation and the type of bankruptcy that is being filed for. Having debt discharged can help lighten your load and improve your current and future financial situation.
Walker Law Firm, P.A.
500 South Australian Avenue Suite 600
West Palm Beach, Florida 33401
2. 561-689-1512
Free Initial Consultations
Don’t File For Bankruptcy Without A Lawyer in West Palm Beach
Financial matters are no easy topic to address in our personal lives.
Whether it is learning how to budget, agreeing to buy a new home, or
simply paying the monthly bill, the stress we feel on a daily basis because
of finances is immense. Sadly, our financial strain can eventually turn into
debt, either because of poor decision making or unforeseen life
circumstances such as a lost job or medical bills, and we can be left
struggling with how much we owe. Due to the weight that money plays in
our everyday life, if you decide to file for bankruptcy, enlisting the help of a
legal professional is something that is highly encouraged.
500 South Australian Avenue Suite 600 West Palm Beach, Florida 33401
500 South Australian Avenue Suite 600 West Palm Beach, Florida 33401
3. 561-689-1512
Free Initial Consultations
In order to protect your current finances and rid yourself of the debt in a
legitimate and effective manner, you want to make sure you have a
bankruptcy attorney on your side who can guide you every step of the way.
Whether you choose to file for Chapter 13 or Chapter 7 bankruptcy, there
are a lot of details that need to be figured out to make sure that the
process is accomplished in an effective manner.
Specifically when filing for a Chapter 13 bankruptcy, you are making more
money than a person filing for Chapter 7 and therefore there is more to
deal with during the repayment process.
500 South Australian Avenue Suite 600 West Palm Beach, Florida 33401
500 South Australian Avenue Suite 600 West Palm Beach, Florida 33401
500 South Australian Avenue Suite 600 West Palm Beach, Florida 33401
500 South Australian Avenue Suite 600 West Palm Beach, Florida 33401
4. 561-689-1512
Free Initial Consultations
For example, your lawyer may advise you to cram down your car loan, or
remove your second mortgage that you have on your house currently;
while also helping you to pay back your non-dischargeable debts that you
still owe the creditors. Where Chapter 7 will simply remove the majority of
your debt, Chapter 13 is repayment process, and though it is for a shorter
period of time, it can be much more complicating.
If you are currently looking for a West Palm Beach Bankruptcy Lawyer who
can help you with your bankruptcy filings, please do not hesitate in
contacting the Walker Law Firm, P.A., today.
500 South Australian Avenue Suite 600 West Palm Beach, Florida 33401
500 South Australian Avenue Suite 600 West Palm Beach, Florida 33401
500 South Australian Avenue Suite 600 West Palm Beach, Florida 33401
500 South Australian Avenue Suite 600 West Palm Beach, Florida 33401
500 South Australian Avenue Suite 600 West Palm Beach, Florida 33401
5. 561-689-1512
Free Initial Consultations
Our firm is committed to helping our clients find the best and most
effective avenue of debt relief that they can, whether it is by filing for
bankruptcy or using an alternative method. We will utilize our resources in
order to make the process for you one that is spelled out clearly for you as
we fight your debt together.
Americans all over the country who are carrying the weight of debt and are
uncertain as to how they will fight it off. By contacting a firm you can
trust, you will have a legal professional walk you through the process, giving
you a sense of confidence as you take this step towards freedom. Give us a
call today – 561-689-0842
500 South Australian Avenue Suite 600 West Palm Beach, Florida 33401
500 South Australian Avenue Suite 600 West Palm Beach, Florida 33401
500 South Australian Avenue Suite 600 West Palm Beach, Florida 33401