Are there Helpful Bankruptcy Law Firms in West Palm Beach?
It happens to people from all walks of life, bills pile up and it just becomes impossible to make ends meet. At Bruce S. Rosenwater & Associates, P.A., we know how tough it can be to manage when your bills, credit card debts, medical expenses and daily costs of living exceed your earnings. If you owe far more than you make, if you’re fed up with calls from creditors or if you’re constantly worrying about your bills, it’s time to see if bankruptcy may be right for you. At Bruce S. Rosenwater & Associates, P.A., we’re one of the best bankruptcy law firms in West Palm Beach, and we’re here to help you.
The exact processes behind bankruptcy can be incredibly complex, which is why it’s vital to find the legal guidance and support of bankruptcy law firms in West Palm Beach. Our lawyers at Bruce S. Rosenwater & Associates, P.A. are here to help you understand your best options when it comes to your bankruptcy in West Palm Beach.
Chapter 13 bankruptcy is gaining traction throughout West Palm Beach, becoming a choice for many individuals. If you have the financial ability to pay off some of your debts but not all of your due balances, then Chapter 13 may be the right fit for you. This form of bankruptcy in West Palm Beach involves what’s essentially a debt restructuring plan. Your income, debt and expenses are analyzed, then your debts are restructured into payment amounts and cycles that match your financial capabilities. This means that with the help of Chapter 13 bankruptcy, you only pay back only a small portion of your debt, a portion that won’t cost more than you can handle. The leftover balances after the Chapter 13 payment period can simply be wiped clean in many cases.
Of course, there are some without the ability to pay back considerable portions of their debts. If you owe far more than you could ever even fathom paying back, then you may be a candidate for Chapter 7 bankruptcy in West Palm Beach. In Chapter 7 bankruptcy, assets are exchanged for exemption of debts. Essentially, your credit card debts, medical bills and other debts are wiped completely clean. You don’t set up a payment plan, instead you exchange nonexempt assets for debt liquidation.
At Bruce S. Rosenwater & Associates, P.A., we’re here to help you understand your best approaches to bankruptcy in West Palm Beach. We can guide you towards the bright financial future you’ve been looking for, with legal assistance, guidance and representation. To learn how we can help with your specific situation, please call 561-688-0991.