What Form of Bankruptcy is Best for Me in West Palm Beach, FL?

There is always a light at the end of the tunnel, if you’ve been in the dark surrounded by your debt, we may have a solution for you. At Bruce S. Rosenwater & Associates, P.A. we offer legal representation for anyone who is considering bankruptcy in West Palm Beach, FL. Trying to escape debt on your own is hardly ever a good idea. Once debt is incurred, trying to get out of debt is like trying to dig yourself out of a hole. Most of the time you end up making the hole bigger with your efforts of escaping.

We specialize in Chapter 7 and Chapter 13 bankruptcy in West Palm Beach, FL. By offering assistance for more than one solution, we are giving you a fair choice in figuring out which solution is best for you instead of forcing you to choose one. Everyone is different which means every financial situation is different.

• Chapter 7 bankruptcy includes the gathering and selling of the debtor’s nonexempt assets. Once the assets are collected and sold, the money is used to pay off the creditors. While claiming chapter 7 bankruptcy in West Palm Beach, FL the debtor is allowed to keep certain exempt property, but the remaining will be sold in accordance with the amount of debt. However, chapter 7 bankruptcy isn’t for everyone. It is important to note that if not filed correctly, chapter 7 bankruptcy in West Palm Beach, FL may result in the loss of property.

• Chapter 13 bankruptcy allows the debtor the ability to pay off all of their debt over the course of three to five years. The downside to this option is that your credit during chapter 13 bankruptcy is non-existent. However, on the upside, chapter 13 bankruptcy is often called a wage earner’s plan, and allows individuals the opportunity to save their homes from liquidations. Because a mortgage is a credit to the individual, they must continue to make payments on their home during bankruptcy in West Palm Beach, FL.

While bankruptcy in West Palm Beach may not be your ideal solution, it can remove you from your debt and allows you a fresh start. Bankruptcy in West Palm Beach, FL is the most effective method of removing debt from those who have gotten themselves in too deep. At Bruce S. Rosenwater & Associates, P.A. we are here to help with all of your bankruptcy needs in West Palm Beach, FL. Give us a call at (561) 246-6945 for a free consultation today!