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West Palm Beach Divorce Attorney > Blog > Bankruptcy > How can Bankruptcy Impact your Finances?

How can Bankruptcy Impact your Finances?

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Many people facing financial hardships aren’t sure how to put an end to their overwhelming debts. Moving money around, clearing out your savings or liquidating assets just to lower credit card or personal loan debts won’t fix your problems. At Bruce S. Rosenwater & Associates, P.A., we know that for many Americans, declaring
bankruptcy can help. If your debts are more than you can handle, a bankruptcy case can help you regain control of your finances, often starting with a fresh slate of debt-free living. If you’re looking for the best help with your bankruptcy in West Palm Beach, our attorneys at Bruce S. Rosenwater & Associates, P.A. are here to help.

Declaring bankruptcy in West Palm Beach isn’t as simple as turning in a single piece of paper and watching your debts fall away. Because bankruptcy can bring such benefits, it’s a process that isn’t as simple as that. There are laws, regulations and processes that are involved within the process. At Bruce S. Rosenwater & Associates, P.A., our attorneys can help you through the bankruptcy processes. First, we’ll help you determine which type of bankruptcy is the best fit for your financial challenges and goals. For example, Chapter 13 bankruptcy is ideal for people who have some ability to pay a partial amount of their debts. Chapter 13 bankruptcy helps restructure your debts into more manageable amounts to make repayment easier. For those without the ability to make any payments towards their unsecured debts, Chapter 7 bankruptcy is a more beneficial option. In Chapter 7 bankruptcy, nonexempt assets are exchanged for liquidation of unsecured debts.

Choosing the bankruptcy type that’s best for your needs can seem challenging, but our attorneys at Bruce S. Rosenwater & Associates, P.A. can help. We’ll take many aspects of your financial struggles into consideration such as your debts, your income, your property and other assets. Then, we’ll help you discover which type of bankruptcy is your best fit, helping you file the necessary paperwork. Other processes, such as potential court appearances or working with a trustee can also be guided by our attorneys. Bankruptcy can seem overwhelming, but with our assistance the process will be as simplified and personalized as possible. We’re here to help you on your road to financial freedom. If you’re ready to finally live debt-free, it’s time to give our attorneys a call. We can help you through your bankruptcy in West Palm Beach. Please call 561-688-0991 to schedule your consultation.

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