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Walker Law Firm, P.A.
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South Florida Law Firm serving in the areas of Bankruptcy, Real Estate, Family, Immigration. We also offer full-service Title and Closing Se
South Florida Law Firm serving in the areas of Bankruptcy, Real Estate, Family, Immigration. We also offer full-service Title and Closing Se

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WHY IT’S IMPORTANT TO HAVE A CHAPTER 7 BANKRUPTCY ATTORNEY
THE CHAPTER 7 ATTORNEYS AT WALKER LAW FIRM, P.A IN WEST PALM BEACH ARE HERE TO HELP YOU.
In 2005, Congress approved some strict eligibility requirements for filing a Chapter 7 bankruptcy. However, these haven’t deterred people from filing and it still remains the most common and the also the fastest way to becoming solvent, despite high amounts of debt.

Walker Law Firm in downtown West Palm Beach specializes in Bankruptcy Law servicing both Chapter 7 and Chapter 13 bankruptcy cases. Our attorneys will help to determine if you qualify for Chapter 7 and will provide you with the proper bankruptcy plan customized to help you about the important financial issues that you will encounter. In addition, our attorneys will help you file for bankruptcy in the Palm Beaches and ensure that the forms were filled out correctly.

WHY FILING FOR CHAPTER 7 BANKRUPTCY CAN HELP YOU!
Are you plagued by unsecured debts including credit card debt, mountains of medical bills, business debts and any number of unsecured loans?

You can get rid a large majority of these problems when you file bankruptcy using chapter 7. Your assets are liquidated and your creditors are paid off from the proceeds. The bankruptcy trustee decides who gets paid how much and once they are paid, the court then discharges the remaining debt listed down in the bankruptcy petition that you filed. Just remember to include every dischargeable debt that you owe. Unlisted debts do not get a discharge and remain your responsibility.

YOU CAN GET HELP FROM WALKER LAW’S EXPERIENCED CHAPTER 7 BANKRUPTCY LAWYERS
Financial struggles befall many among us and are nothing to be ashamed or embarrassed about. It is important that you get the help you deserve in a timely manner to get back on your feet sooner.

When it comes to Bankruptcy lawyers, you don’t necessarily need one when filing for Chapter 7. But people routinely seek lawyers such as Edwin Walker from the law office of Walker Law Firm to help them through the bankruptcy process because of attorney Walker’s extensive knowledge, experience and an in-depth familiarity with the specialized laws of bankruptcy and the local courts in West Palm Beach, Florida.

By hiring a knowledgeable bankruptcy attorney to handle and defend your chapter 7 case in court, it is important to know that your lawyer has witnessed and helped people in situations similar to yours and quite possibly even worse. Their knowledge and testimonials from previous bankruptcy clients are important to take note. Here at the Walker Law Firm, P.A our goal is to provide a service that will help you through the bankruptcy filing process as well as making it easier for you to bear.

Our attorneys will help you with issues related to the Means Test, exempt property, the type of bankruptcy that’s right for you, complicated property ownership issues, form filling requirements and the relevant deadlines etc.

This is why it is recommended to at least consult with a lawyer before filing for Chapter 7 Bankruptcy; the attorneys at Walker Law Firm will give you the right advice and guide you in the proper direction through the entire bankruptcy process.
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TEN WAYS A WEST PALM BEACH BANKRUPTCY ATTORNEY CAN HELP YOU
Confused with Bankruptcy? Chapter 7? Chapter 13? Call Walker Law Firm Today -561.689.1512

The Walker Law Firm, P.A. helps South Florida citizens who’d like to file for Chapter 7 or Chapter 13 or simply needs a bankruptcy attorney in West Palm Beach. Edwin Walker of Walker Law Firm has the experience of working with the local Florida Southern District Bankruptcy Court and understands the bankruptcy process.

Here are ten ways a bankruptcy attorney from Walker Law Firm can help your bankruptcy case in West Palm Beach:

1. DECIDE THE BEST COURSE OF ACTION
A competent bankruptcy lawyer in West Palm Beach will thoroughly study your particular situation to decide whether bankruptcy is the best solution for your circumstances.

2. FILING FOR CHAPTER 7
They will help decide whether you’d do better with a Chapter 7 bankruptcy. It is suggested for those with low or no income and it helps discharge your debt faster than the other method.

3. FILING FOR CHAPTER 13
Your lawyer may decide that the best course of action is filing for a Chapter 13. This is a good idea when you have a steady income but no other assets to help repay the debt.

4. CREDIT RESTORATION
They will guide you to the best methods for rebuilding a respectable credit score using secured credit cards and other important tools.

5. DEALING WITH CREDITOR HARASSMENT
Any respectable bankruptcy lawyer will help their clients deal with unlawful harassment by creditors in the form of phone calls, visits or any other collection practices.

6. GETTING ON WITH LIFE AFTER BANKRUPTCY
Your lawyers will make sure that your life stays free of collection calls, letters and threats from old debtors so you can get busy with rebuilding your finances.

7. HELP WITH THE MEANS TEST
Bankruptcy lawyers can answer your questions and concerns about the means test. It is an assessment of your income to see whether you can really repay your debt under Chapter 7.

8. FIGHT AGAINST WAGE GARNISHMENT
Sometimes creditors get a court order that lets them paid directly from your paycheck. Your lawyer will help you fight for your consumer rights in such a case.

9. ASSIST WITH “TRUSTEE” ISSUES
Your trustee will oversee that you stick to the budget set for you in a Chapter 13 bankruptcy. A good local lawyer will help you see in advance what your trustee might have in store for you.

10. HELP WITH CHAPTER 7 LIEN AVOIDANCE
By staying local and hiring your local Bankruptcy Attorney, Walker Law Firm, is committed to your service and our lawyers will help you evaluate whether you qualify for lien avoidance in case of a certain property and when to use it here in the Palm Beaches.

The bankruptcy attorneys at Walker Law Firm will provide you with professional bankruptcy advice for both Chapter 7 and Chapter 13 bankruptcy in West Palm Beach. Call today and speak with one of our bankruptcy attorneys at 561.689.1512
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HOW DO I FILE FOR BANKRUPTCY IN WEST PALM BEACH, FLORIDA?
FILING FOR BANKRUPTCY IS EASY WITH WALKER LAW FIRM
Are you living in West Palm Beach and struggling with debt each and every month? Is your current financial situation causing significant stress and sleepless nights? Are you having trouble with your spouse over mounting debt? It might be time to learn about the bankruptcy process and how it can help you!

If you think you need to file for bankruptcy, it could be the solution to your problems. It can put an end to harassing phone calls from your creditors, do away with most of your debt, and help you avoid foreclosure on your West Palm Beach property.

A GUIDE TO FILING FOR BANKRUPTCY IN WEST PALM BEACH
Individuals as well as families that are crushed under mountains of debt are given this opportunity by federal law. They can file for bankruptcy and effectively eliminate their debt to get a new start in life.

Here’s how you can go about doing that in West palm Beach, Florida.

1. FIND OUT IF YOU ABSOLUTELY NEED TO FILE FOR BANKRUPTCY
You may not need bankruptcy proceedings even if you are facing large amounts of debt. The Exemption Laws of Florida may categorize you as “Judgment-Proof”, making a majority of your belongings safe from unsecured creditors. It will also be wise to note here that some kinds of debt can’t be gotten rid of no matter what.

These type of debts include:

Student Loans
Tax Debts
Child Support Payments
You become eligible for filing for bankruptcy, if in addition to large amounts of credit card debt you are suddenly faced by bad luck in the form of divorce, job loss, or injury.

2. FIGURE OUT WHAT KIND OF BANKRUPTCY YOU ARE ELIGIBLE FOR
Chapter 7: This is the most prevalent form of bankruptcy filing these days. It can help eliminate a majority of your unsecured debts as long as you agree to give up all your “non-exempt” assets. Chapter 7 bankruptcy is possibly the fastest way to solvency.

Chapter 13: This one takes about 3 to 5 years to make you completely solvent. What happens is that instead of giving up your property, you agree to repay a part of your debts while living on a strict budget that is closely monitored by a trustee of the bankruptcy court. If you can’t do it or make your monthly payments on time, your chapter 13 bankruptcy is declared a failure while your debts remain your burden.

3. ARE YOU WILLING TO BEAR THE BANKRUPTCY COSTS OF UP TO $2500?
Remember, the whole process is long and complicated, and you will have to pay up a lot more than just the filing fee. The regular expenses include fees for debt management education, credit counseling, preparing forms, getting your paperwork in order, and charges to be paid for court procedures.

The good news is that depending on your case, you may be able to qualify for a fees waiver or score free legal aid services to help you through the filing process.

THE LAST WORD: GET HELP AND MAKE YOUR LIFE EASIER!
Finally, there is plenty of help out there for bankruptcy Chapter 7 and Chapter 13 filing. If you need to file for bankruptcy today in Palm Beach County contact the attorneys at Walker Law Firm, P.A, located in downtown West Palm Beach, FL at 561.689.1512.
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A FEW QUESTIONS TO ASK YOUR POSSIBLE BANKRUPTCY ATTORNEY
WHAT QUESTIONS TO ASK YOUR WEST PALM BEACH BANKRUPTCY ATTORNEY?
For residents of West Palm Beach who have a fear of getting bankrupt, the smartest solution to tackle it would be to consult a bankruptcy attorney as quickly as possible. If you know a bankruptcy attorney that you have been dealing with for a while and trust him/her to be efficient on his/her job, you’re lucky but regardless, there are a number of questions that you should ask your West Palm Beach bankruptcy attorney before you head onto the proceedings.

Questions regarding the attorney’s experience with a particular firm and the number of cases they have solved are quite generic and common sense dictates that you need to be aware of the answers to these questions. However, there are also other factors that could contribute to your success or failure for which you need to ensure that your bankruptcy attorney has a thorough knowledge. These may be either generic questions related to law or specific questions related to local chapter 7 trustees or local chapter 13 trustees. These should include but are not restricted to the following:

WHAT IS THE NUMBER OF BANKRUPTCY CASES THAT YOU HANDLE IN A MONTH?
Pay specific attention to the answer of this question as you certainly do not want an attorney who gets only a few cases. Neither would you want an attorney that is loaded with cases and does not have time to pay specific attention to your case.

ARE YOU FAMILIAR WITH LOCAL CHAPTER 7 TRUSTEES?
A positive answer to this question means that you can trust your attorney on the case if all other questions are also answered in your favor.

IN THE CURRENT CIRCUMSTANCES, IS BANKRUPTCY A GOOD IDEA FOR ME?
Remember that filing for bankruptcy is a last resort. Do not be encouraged to choose an attorney that bluntly states that bankruptcy is a good idea. The one who assesses your situation thoroughly and determines that all alternatives have been crossed out is who you are looking for.

WHAT DO YOU EXPECT ME TO PAY YOU AND WHAT WOULD BE COVERED IN THAT FEES?
In this question, you are looking for an answer that relates to chapter 7 and chapter 13. While you don’t need to be thoroughly aware of these, your bankruptcy attorney should respond regarding the federal filing fee and the range of attorney fee for chapter 7 and chapter 13.
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A FEW QUESTIONS TO ASK A FAMILY LAW OR DIVORCE ATTORNEY
Going through a divorce can be mentally disturbing without the added worries of your attorney not performing your proceedings up to mark. Before hiring an attorney, it is a good idea to ask a few questions beforehand to get a clear idea of what the proceedings will be.

Before hiring a family law or divorce attorney in West Palm Beach, here are nine questions to ask.

WHAT IS YOUR SPECIALIZATION? HOW LONG HAVE YOU BEEN PRACTICING?
Before hiring, you need to be sure about the specialization of the prospective divorce attorney, whether he/she is a “certified family law specialist”. Feel free to ask him/her about his experience and outcomes regarding cases similar to yours. It is important to note that a local attorney is always valuable in local cases. More below.

ARE YOU FAMILIAR WITH FAMILY LAW IN WEST PALM BEACH?
Family law and divorce regulations vary according to the state. Ask the attorney whether he/she is familiar with the laws of the state you are living in and whether he will be able to help you with your case in an effective manner according to the laws.

WHAT STRATEGY AREYOU GOING TO TAKE TO FOLLOW THIS CASE?
This is one of the most important questions to ask. Since, you are dealing with family matters; you need to know exactly what steps and strategies will be used to follow your case.

IS MEDIATION BETTER THAN A TRIAL?
Many a times, a mediation session proves to be more cost effective and less stressful as compared to a full-fledged trial. Ask your attorney if a better settlement offer can be reached via mediation instead of a trial.

HOW ARE YOU GOING TO CHARGE ME FOR THIS CASE AND ARE THERE ADDITIONAL COSTS INVOLVED?
Make sure that you have a very clear idea about the hourly billing rates, retainer fees and charges of any additional services beforehand.

HOW AND WHEN SHOULD I CONTACT YOU; HOW CAN YOU BE CONTACTED FOR EMERGENCIES?
In emergencies, you need to be able to have access to your attorney without any obstacles. Make sure you clarify the contact details in regular situations and emergencies both.

WHO ELSE WILL BE WORKING WITH YOU?
Most attorneys have assistants working with them to take care of the official documentation details of the case. It is highly advisable to interview these assistants as well and assess them with respect to their experience.

WHAT IS THE MOST LIKELY OUTCOME OF THIS CASE?
After weighing the pros and cons of your case, ask your attorney to predict the most likely outcome of your case. Don’t hire an attorney that is too optimistic or too pessimistic regarding the case.

DO I HAVE TO KEEP YOU UPDATED WITH ALL COMMUNICATIONS WITH MY SPOUSE?
Sometimes, negotiating with one’s spouse without the presence of their respective lawyers can lead to problems. Make sure you discuss this with your attorney beforehand.
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DO YOU KNOW FAMILY LAW ASPECTS?
When it comes to family law, most people assume that all it concerns is divorce. However, family law deals in all the aspects that pertain to a family such as; child custody, adoption, property distribution, agreements prior to and after nuptials, and many more.

Following are some of the most common aspects of family law and what you need to know about each of them:

DIVORCE
Divorce laws in all states slightly vary from each other, however, there are generally two types of divorce; contested and uncontested divorce. In uncontested divorce, a couple has usually resolved all the issues between themselves and has agreed to a certain settlement regarding child custody, alimony, etc.

In contested divorce, however, a number of issues between the couple are not resolved. These couples generally have to undergo a meditation session in hopes of reaching a settlement. An unsuccessful meditation leaves the settlement decisions to the jury and/or the judge.

In these situations, it is advisable to take help from individual divorce lawyers for men and divorce lawyers for women that can help one achieve a settlement that they are comfortable with.

ALIMONY

Alimony is generally spousal support. The alimony may be temporary or permanent, and the grant of alimony depends on factors like the length of the marriage, earning ability of the spouse, health of the spouse and financial contribution of each spouse during the entire marriage period.

The alimony condition becomes void when the spouse ordered to pay the alimony passes away or if the spouse receiving the alimony remarries.

CUSTODY AND VISITATION RIGHTS FOR CHILDREN

Battles for child custody and visitation rights are usually a core issue in most divorce proceedings. However, these aspects may also be considered in cases of legitimization and/or paternity cases.

Although the laws vary according to the state, most courts make decisions based on the child’s best interests depending on his/her age, health condition, etc.

CHILD SUPPORT

Depending on the laws and guidelines of the state, child support issues are resolved in divorce, paternity and legitimization cases. All states have specific laws that require a non-custodial parent to make payments of child support.

HOW HIRING A FAMILY LAW ATTORNEY HELPS

Hiring a family law attorney in West Palm Beach to handle matters of divorce, adoption, domestic partnerships, etc., is one of the most advisable steps to take in complex family related issues. Most of the time, these situations are highly sensitive and a few small mistakes can end up creating major legal complications. Here at the Walker Law Firm we strive on delivering a first rate experience which allows our clients to focus on the number one thing; their family.

Call to schedule an appointment with Attorney Walker at 561.689.1512.
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WE ARE YOUR LOCAL BANKRUPTCY ATTORNEYS
The bankruptcy process, the forms and regulation involved are not as simple as many people assume.

Hiring a local bankruptcy attorney in some cases may actually save you and your family from a lot of mental stress. Also worth noting, a professional attorney is best suited for cases that involve Chapter 7 and Chapter 13 bankruptcy – It makes sense to use an attorney or lawyer that will be handling your bankruptcy case at the downtown West Palm Beach courthouse because an attorney from Walker Law Firm, P.A. will help you win and help save additional costs, especially when it comes to resolving your bankruptcy issues.

Depending on the specifications of the bankruptcy scenario, there are two types of bankruptcy declarations; Chapter 7 and Chapter 13. Whether you are filing a Chapter 13 or a Chapter 7, a consumer should have a clear understanding of the implications that come with filing this type of suit, which is why, having a qualified and experienced bankruptcy attorney from Walker Law Firm is the ideal way to go about it.

CHAPTER 13
The Chapter 13 bankruptcy is also known as the reorganization bankruptcy, because it deals with the repayment of the debts involved without having to give up one’s property. Your Walker Law Chapter 13attorney will help you come up with a feasible repayment plan that is set according to the calculated amount of disposable income.

Also termed as wage earners plan, this allows debtors to make up for payments in a three to five year long period. The paying off the debt is categorized amongst three parts; priority debts like child support and alimony, secured debts like mortgage, and unsecured debts like credit card payments and medical bills. Since the entire repayment process is complex, having one of Walker Law’s bankruptcy attorneys are knowledgeable and experienced with local laws and regulations and will help area residents walk through the bankruptcy process.

CHAPTER 7
When it comes to Chapter 7 bankruptcy, it is essential to have a local bankruptcy attorney by your side to help you stay in accordance with all the laws, rules and regulations involved. This type of bankruptcy is a liquidation procedure as all the non exempt assets, including the property of an individual are transferred to a bankruptcy trustee appointed by the Court. It is best to hire your local Chapter 7 Attorney be this trustee as they can control the assets, the sale and distribution, to the best of your interest.

However, they will be charged for it as well.

Bankruptcy is a highly stressful situation, especially if you are “new” to bankruptcy. In order to swim out of it in an effective manner, it is highly advisable to consider the help of your West Palm Beach bankruptcy attorney – Walker Law Firm, P.A.
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SHORT SALES? DO YOU NEED A REAL ESTATE ATTORNEY?
Many a times, short sales in the real estate world can get pretty complex.

Short sales are generated when you try to convince your lender to sell the property according to the current market value even if it is less than the amount you owe. Since most of us are not aware about the local regulations involving short sales, it becomes difficult and your hopes of getting a profit by negotiating with your lender might just not work out.

Here is when the real estate attorney’s and short sales specialists at Walker Law Firm, P.A. come in. If you happen to have legal questions, your real estate agent will not be giving you legal advice, as it is illegal for him/her to discuss and advice you about the laws. Here are a few reasons why you should consider Walker Law Firm, a local attorney for the short sales of your West Palm Beach real estate property.

PROTECTION OF ASSETS
Once banks become aware that they might be facing a loss with a short sale, they tend to make up for it by scrutinizing all the assets of the sellers, the financial statement, tax returns, and retirement funds etc. Even if you have qualified for the short sale due to financial hardship, it is likely that the bank might ask you to pay a contribution by tapping into your retirement account or by liquidating one of your stock accounts. In situations like these, having your local short sale lawyer, who is familiar with the laws of the state, can help protect your assets in West Palm Beach.

PERSONAL LIABILITY RELEASE
There is a chance that release from personal liability might be restricted by the bank, even if they have forgiven the balance between the final selling price and the mortgage balance. This technically indicates that the bank might try to tarnish or attack your future wages in a manner that is (ironically) legal.

This is also termed as deficiency judgment. Your short sale approval letter may not contain the specific rights of the bank in terms of your future wages such as a the purchase of a money loan but in the future, they may present you with the additional charges you are applicable to because the “terms of the loan changed at the time of the short sale approval”.

FREE FROM MENTAL STRESS
Peace of mind! That is what the best part of hiring a lawyer from Walker Law Firm will give you and your family! You would not even have to talk to the bank, as well as all the negotiations with your lender can be managed well by your lawyer from Walker Law.

Sometimes, trusting a real estate agent with these complex procedures might end up in loss.

The attorneys and short specialists at Walker Law Firm, P.A. in downtown West Palm Beach will help you get through these complexities in a manner that you are safe from the future consequences of a short sale. Call us today to schedule an appointment at 561.689.1512.
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FIVE QUESTIONS TO ASK YOUR BANKRUPTCY LAWYER
Employing the services of a proficient bankruptcy lawyer can deliver you and your family from an enormous amount of stress. Particularly for cases involving Chapter 7 and Chapter 13, an adroit lawyer to present your case with all the intricacies carefully planned out; is of paramount importance. At Walker Law Firm, you can employ the flawless services of the competent Attorney Edwin Walker to help secure your case and save you from any torment that is headed your way.

Our areas of service are West Palm Beach, Palm Beach Gardens, Boca Raton, Lake Worth and Jupiter amongst several others. Call us at 561-689-1512 to secure your financial assets; our first consultation is absolutely free!

THE CRITICAL Q AND A’S
We firmly believe in an informed client. This is why we are providing you with a list of important question to ask, once you have employed the services of our competent firm.

1. WHAT IS THE MEANING OF THE TERM BANKRUPTCY?
This is the most crucial question that you should ask your attorney. To deal with the situation at hand, you have to first understand the phenomena known as bankruptcy law and how it affects your future as a whole, both positively and negatively. We, at Walker Law Firm, have always been keen at clearing out all the myths about bankruptcy and how it is different from insolvency. We provide you with a clear insight into the complexities of bankruptcy and sail you through it safely back to safety.

2. WHAT DOES THE PROCESS OF BANKRUPTCY INVOLVE?
In order to secure your financial assets, you need to be aware of all the various steps of bankruptcy and what alternatives you have. With the qualified attorney services of Attorney Edwin Walker you will be able to learn what your situation is precisely and what measures you can adapt to ensure the safety of your equities. Armed with the right information, you can easily do away with unnecessary mental stress and avoid any kind of unwanted communication questioning you continuously as to when will you make the crucial payment.

3. WHAT ARE CHAPTERS 7 AND 13?
These are the pivotal questions that you have to ask your lawyer in the very first meeting. We acquaint you with all the essential know-how on Chapter 7 and Chapter 13 such as the necessity of filing of a repayment plan in case of Chapter 13 and the complete lack of it in the case of the former. Information regarding the Bankruptcy Code, liquidation of assets and the advantages as well as the disadvantages of both the clauses will make you understand your case clearly and will make you a strong contender for your rights.

4. WHAT ARE YOUR OPTIONS?
It is vital to explore all available options and put them on the table for thorough consideration. There are various alternatives to Chapter 7 and Chapter 13 that you can use to breeze through the crisis. We can provide you with all the best available options regarding extending the time period of the debt repayment, adjustment in debts, saving your home and staying in business etc.

5. ARE PEOPLE TELLING YOU THE TRUTH?
It is important that you ask your lawyer about all the fears and anxieties you have that talking to people around you has generated within you. At our firm, you can come and discuss any kind of apprehensions you have regarding bankruptcy and be informed of all the truths and the myths. Some people say that bankruptcy ruins your credit history forever while others say that it is highly irresponsible behavior on your part to go bankrupt. We will answer all your queries effectively.

With the above set of questions sorted out in the very beginning, you will have a hassle-free time during the course of your case.
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TEN WAYS TO AVOID BANKRUPTCY
Times have become very turbulent nowadays.

One day you are within the luxuries of your home marveling at the beauties of life and the very next day, you cannot stop agonizing over the ruthless twists of fate. Be it losing your job, being struck with a medical emergency or the consequences of a separation/divorce, bankruptcy is a difficult situation to handle.

Bankruptcy statistics have risen alarmingly in America. So much so; that the Congress has made it hard to make the cut for this status.

Do not be reluctant in contacting the Walker Law Firm to address this issue effectively. Our qualified legal advisor’s primary objective is to make you debt-free quickly. Just call at 561-689-1512 and get your free consultation today!

Listed below are some tried and tested financial tips that can help you in keeping a vigilant eye on your finances.

TEN FINANCIAL TIPS FOR THE WISE AND SCRUPULOUS
With many families experiencing an economical crisis these days, filing for bankruptcy is the only option they are left with. But if you are careful enough right from the beginning, you can avoid bankruptcy very easily.

1. FIX A SINGLE DEADLINE
If you have a lot of credit cards and are experiencing difficulty in keeping up with all the varying deadlines, then switch all dates to a single day. This will make you remember your bill payment deadline and prevent you from being subjected to late fees which would have added to your existing debt otherwise.

2. NEGOTIATE WITH YOUR CREDITORS
Timely and courteous negotiations will yield you reduced interest rates and also, a workable repayment plan. This will save you from a lot of stress and will make you capable of dealing with the situation wisely.

3. MAXIMIZE INCOME AND CUT DOWN ON SPENDING
This is obviously the most effective technique to fight bankruptcy. More income and less expenditure will stabilize you financially in the long run.

4. GET PROFESSIONAL HELP
If you think your spending habits are going out of control, then nip this looming disaster in the bud by calling in the experts to arm you with essential techniques to control over spending and switch to saving.

5. MAINTAIN AN EMERGENCY FUND
This is your personal saver for dire consequences. Make it a habit to put aside a fraction of your income and save it for your rainy days.

6. GET RID OF CREDIT CARDS
If you find using credit cards to be a constant struggle then go back to the old school way of spending cash to keep track of all your expenses.

7. LEARN FROM YOUR MISTAKES
Be consistent and avoid repeating your mistakes. Once you find yourself in stable conditions, do not jolt yourself back to the same agony by being a spendthrift again.

8. REFINANCE YOUR ASSETS
Refinancing your home will give you extra cash since your residential abode’s mortgage is secured debt. The interest rate implicated on this mortgage is comparatively lower than that of credit cards. This way you can pay off higher interest rate unsecured debts.

9. FRIENDS AND FAMILY
You can always count on any friend or family member to help you out with low or no interest at all on the debt received.

10. EMPLOY ALTERNATIVES
Debt Relief Order (DRO) and Individual Voluntary Arrangement (IVA) are legal alternatives to bankruptcy.

With these guidelines in check, you will never find yourself in the anguishes of bankruptcy and not having to call the bankruptcy professionals at Walker Law Firm, P.A.
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