Bankruptcy Lawyers in West Palm Beach, Florida
A Place to Turn for Debt Relief
If you are buried in debt, you might feel like there is no place to turn. Our clients often come to us feeling overwhelmed at the thought of losing a home, automobile or other assets. We want you to know that you have options.
At the West Palm Beach, Florida, law firm of Mitchell I. Kitroser, P.A., we can discuss the option of bankruptcy with you and, if necessary, help you through the bankruptcy process. Bankruptcy may be a way to either eliminate or reorganize your debt, so that you can be free from the heavy burdens associated with it.
Causes of Debt
Not everyone goes into debt because of a spending spree or irresponsible accounting. Often a sudden job loss, divorce, exploitation of the elderly, or poor financial planning and management or medical emergency can cause you to fall into unmanageable debt.
Regardless of the cause of your bankruptcy, you can discuss your options with one of our lawyers in a confidential, low-pressure environment. We will educate you regarding bankruptcy and the possibility that it could be a logical solution for reducing your troublesome debt while retaining some of your assets.
Initial Consultation
We review your unique financial situation and determine whether bankruptcy or some other solution makes sense for you in light of the following and other relevant factors:
- Your debts
- How your debts are held
- Your assets
- How your assets are held
- Your marital status
- Your dependents
- Your employment or other income sources
- Your future financial outlook
- Your goals for your future
Speak to us in a low-stress, confidential setting; perhaps we can help you get a fresh start in your life through bankruptcy.
Chapter 7 and Chapter 13
If you decide to pursue bankruptcy, we help you determine whether Chapter 7 or 13 is better for you:
- Chapter 7: Chapter 7 can be a complete solution. In a Chapter 7 Bankruptcy proceeding, if you meet the household income requirements, you may lose some of your assets and property, but you can eliminate most of your debt in six or seven months.
- Chapter 13: This proceeding is actually a personal reorganization that lasts three to five years. It allows you to become current again on your homestead mortgage or other secured debts and also allows the debtor to retain a greater value of assets than the debtor would in a Chapter 7 bankruptcy. This is because you will be making payments throughout the duration of the bankruptcy in order to compensate some of your creditors in a Chapter 13 Bankruptcy proceeding.
Your First Call ∙ 561-721-0600
When considering bankruptcy, you have enough stress. Let us help you. Make the Law Offices of Mitchell I. Kitroser, P.A. your first call for all your legal needs.
We are your family's lawyers.
