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West Palm Beach Divorce Attorney > Blog > Bankruptcy > Are You Thinking of Declaring Bankruptcy in West Palm Beach? We’re Here to Help!

Are You Thinking of Declaring Bankruptcy in West Palm Beach? We’re Here to Help!

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Bankruptcy is never anybody’s immediate financial goal, but for many people struggling with overwhelming debt, it’s the only option. If your credit card debts are becoming more than you can handle, declaring bankruptcy in West Palm Beach may be able to help. There are differing ways to approach debt relief, but bankruptcy offers the most effective solution for many who are ready to experience freedom from overwhelming debt. The legal processes, discussions and paperwork that comprise a bankruptcy declaration can seem intimidating, but with the help from our bankruptcy lawyers in West Palm Beach at the offices of Bruce S. Rosenwater & Associates, P.A. you can make bankruptcy work to your advantage.

There are many different processes which work together into a bankruptcy declaration. For example, if you’re looking to file for Chapter 7 bankruptcy, you will need to pass a means test to prove that bankruptcy is truly your only option for debt relief. The paperwork and preparation behind the means test and filing process can seem overwhelming, but with the help of our bankruptcy lawyers in West Palm Beach, you can navigate the waters of a Chapter 7 bankruptcy filing. In Chapter 7 bankruptcy, nonexempt assets are liquidated in exchange for the eradication of unsecured debts. Certain Florida laws help ensure that important assets, such as your home, can be retained.

Another bankruptcy option is Chapter 13 bankruptcy, which involves a different approach. In Chapter 13 bankruptcy, debts are essentially restructured into more manageable payments which can be addressed slowly, over time, instead of all at once. The new payment amounts are designed to reflect your payment abilities, so the payments are tailored to your financial abilities. The litigations and processes behind Chapter 13 bankruptcy can be confusing, but our attorneys at the offices of Bruce S. Rosenwater & Associates, P.A. are well-versed in bankruptcy law. We understand the unique approaches to take towards your bankruptcy declaration, and can help you through the bankruptcy process, whether it’s Chapter 13 bankruptcy or Chapter 7 bankruptcy.

Bankruptcy is never a simple process, but it brings incredible rewards of a fresh financial future, free from the difficulties of debt. Like any legal situation, it’s important to have a qualified attorney on your side to help ensure the processes, litigations and even the paperwork run as smoothly as possible. Don’t allow overwhelming debts to keep consuming your days. Declaring bankruptcy in West Palm Beach may help you find the financial freedom you’re looking for. Our bankruptcy lawyers in West Palm Beach from the offices of Bruce S. Rosenwater & Associates, P.A. can help you through your bankruptcy proceedings. Call us at 561-688-0991 to schedule your free consultation.

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