West Palm Beach Bankruptcy
Bankruptcy is a legal action taken by debtors who declare an inability or an impairment in paying back creditors for the debt they accumulated. Such a legal action allows them to manage their debt and offers them a chance to make a fresh start with their finances. Different types of bankruptcy exist to meet different financial situations and the needs of different debtors. Our attorneys can offer you sound bankruptcy advice in West Palm Beach.
Benefits of filing bankruptcy
The primary benefit of filing bankruptcy is in fact the goal of bankruptcy law itself—to offer debtors a chance to manage their debt and start fresh with their financial situation. While the main benefits of a settled bankruptcy case do not come to full fruition until the case is completed, additional benefits during the bankruptcy process may include:
- Stopping harassing phone calls from creditors
- The chance to avoid foreclosure in West Palm Beach
- Stopping wage garnishment
How to know when to consider bankruptcy
If you are accumulating debt and losing control of your ability to manage your finances, it may be time to consider filing for bankruptcy. If you are behind on your car payments, mortgage payments, and also find yourself making the minimum payments on your credit cards, you are likely experiencing uncertainty or hardship in your financial affairs and should consider chapter 7 bankruptcy, chapter 11 bankruptcy, or chapter 13 as a way to regain control of your finances. If you are being threatened with foreclosure or auto repossession, bankruptcy may be the best option available to manage your debt and avoid losing your home and car.
Filing for bankruptcy is a difficult decision and should not be taken lightly. Finding an experienced and trustworthy bankruptcy attorney to help you analyze your situation and determine the best course of action for moving forward is crucial to ensuring that you get back on your financial feet as quickly as possible.
Bankruptcy help in West Palm Beach
Whether you are facing financial difficulties on a personal or business level, the Law Office of Michael A. Kaufman, P.A. can help. Bankruptcy laws in West Palm Beach and the rest of the U.S. are complicated by numerous provisions and rules. We can help you understand. Additionally, we can offer bankruptcy advice for your particular financial situation and provide you with the legal representation your case requires, including any ensuing bankruptcy litigation. As part of our bankruptcy services, we offer skilled legal assistance to help you to prepare and file the necessary paperwork.
Get the legal advice you need today
The Law Office of Michael A. Kaufman, P.A. in West Palm Beach creates effective legal solutions at an affordable cost. To discuss your legal needs and the bankruptcy services we provide, please contact Michael A. Kaufman, Esq. at 561-207-8391 today for a free consultation.