Filing for Bankruptcy
Our Palm Beach Attorney Can Help You Out of Debt
If you are suffering the burden of overwhelming debt, bankruptcy may be a viable solution to your financial issues. Typically, when you fall behind on credit card, car, mortgage, and other payments, interest and penalties can begin to add up and make it even more difficult to get back on track. Once the spiral starts, hitting a financial low can happen in a flash. Fortunately, there are legal options for you to shake the shackles of your debt. Contact us today to find out more about how we can help.
Bankruptcy might be right for you if you are facing such issues as:
- Creditor harassment
- Wage garnishment
- Repossession
- Foreclosure
- Potential lawsuits
The best way to learn what options are available for your situation, and which course of action is recommended, is to consult our skilled Palm Beach bankruptcy attorney. You will need to understand how bankruptcy can assist you now, as well as how it may affect your future. A legal advocate can protect your rights and help you make the best decisions based on your personal circumstances and goals.
Reach out to our firm or fill out a free case evaluation to get started.
Choosing the Right Chapter for Your Case
For consumers, there are two types of bankruptcy that are most commonly filed:
- Chapter 7 - Your non-exempt assets will be liquidate and unsecured debts wiped out.
- Chapter 13 - You will reorganize your debts into a new payment plan and discharged some.
While Chapter 7 does provide for more debts to be discharged, it is reserved for individuals who fall under a certain income line. If you pass the means test, which considers your disposable income compared to the average household in your area, you may file. If not, Chapter 13 may still be a strong option. Many people select to file under this chapter because it allows them to keep a majority of their property and simply reorganize their debt, paying off creditors over time in a more manageable way.
There are benefits to both types of bankruptcy, which is why our Palm Beach bankruptcy lawyer at the Law Offices of Carol D. Ellis is here to help you determine which path is best for your specific case. Our firm is dedicated to helping people become debt free and can help you overcome your financial burdens.
You do not have to continue to live with the stress and anxiety of debt! Call (561) 513-5809 today for real relief options.
