Boca Raton Bankruptcy Lawyer

What Bankruptcy Can Do For You

Although the term “bankruptcy” has very negative connotations, it is often a very wise decision when faced with financial hardship and large amounts of debt. Under Chapter 7 or Chapter 13 bankruptcy, you may be able to regain your financial footing by wiping out certain types of debts or financial obligations.

• Wipe out Credit Card Debts and other “Unsecured Debts”:
  In most cases, credit card debts fall into a category known as “unsecured debts.” What this means is that the creditor does not have a lien on your property and has no right to repossess any of your property if you fail to pay off the debt. Bankruptcy is very good for wiping these kinds of debt.
• Stop Creditor Harassment:
  Through a mechanic called the “automatic stay,” bankruptcy can temporarily and immediately stop creditors from things such as repossessing property or foreclosing on a mortgage. Though not guaranteed, this makes bankruptcy a very viable option when faced with impending foreclosure or repossession.
• Eliminate Certain Liens:
  Liens on your property by a creditor will usually last through bankruptcy, except in certain special cases where invoking specific procedures when you file for bankruptcy can erase them as well. Only an attorney can help you decide what to do when you file your case.

If you are facing financial trouble, consider bankruptcy as an option, but before anything else, obtain sound legal advice from a Boca Raton bankruptcy attorney working with Eric N. Klein & Associates to make sure you make the best decision for your financial future. Call 561-353-2500 today.