Is Bankruptcy Right for Me?

Let Our Ft. Lauderdale Bankruptcy Lawyer Help

Are you drowning in debt and have no foreseeable way out? Then bankruptcy is probably for you. The following circumstances often befall people before they choose to file. If you can relate to any of the following situations, contact Ft. Lauderdale bankruptcy attorney Jeffrey Solomon to help you make this critical decision:

• You have struggled to pay thousands of dollars on the interest on your credit card bills without even touching the amount due.
• You are living paycheck to paycheck.
• Collection agents are harassing you.
• Creditors have filed lawsuits against you.
• You are behind on your mortgage or your lender has filed foreclosure.
• You are unable to pay for necessities.
• You are unable to provide for your children as you would like.
• You have signed personal guarantees for a company that went out of business.

If you are worried about the effects on your credit, you do not need to be. Your credit can actually be better after filing as it is easier to establish credit quicker with zero debt than if you are deeply in debt. You have a fresh chance to build it by making timely payments on your mortgage or car loan or obtaining a credit card and paying it in full each month.

It is also important to sort through your situation with an experienced lawyer to decide whether a Chapter 7 Bankruptcy or Chapter 13 Bankruptcy would be to your benefit.

For most people, filing Chapter 7 Bankruptcy does not mean that they will lose their home thanks to laws that prohibit creditors from taking certain property. Chapter 13 Bankruptcy may also be able to save your home from foreclosure by allowing you up to five years to catch up on your mortgage.  In a Chapter 13 Bankruptcy, you might only have to pay a small percentage of your debt, unlike in a credit counseling or debt management plan.

Bankruptcy is not for everyone with debt. The Law Office of Jeffrey Solomon will honestly appraise your situation, and if there are better paths you can take that will lead to economic relief, he will advise those. If bankruptcy would serve you, he will work with you personally from beginning to end. Contact our Ft. Lauderdale bankruptcy lawyer today for guidance during this difficult time.