Delaying Bankruptcy May Be Devastating

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<h1>Delaying Bankruptcy May Be Devastating</h1><strong> Author: <a href='http://www.articleseen.com/profile_West Palm Beach Bankruptcy Attorney - Tiller Law.aspx'>West Palm Beach Bankruptcy Attorney - Tiller Law</a></strong><br /><p>As West Palm Beach bankruptcy lawyers and attorneys with satellite offices in Stuart, Palm Beach Gardens and Fort Lauderdale, we see the full spectrum of clients considering bankruptcy as a possible solution to their credit and debt woes. The one characteristic of possessed by almost all potential clients is an unwillingness to simply throw in the towel at the first sign of trouble. It is often amazing how long these people have survived on very little income in an effort to stay current hopeful that the economy will turn for the better and at some point their debts can be resolved. This characteristic is nothing short of admirable and flies in the face of every myth about those who file for bankruptcy. That being said, in most of these cases, potential clients should always take the time to schedule a consultation with a West Palm Beach bankruptcy attorney or lawyer in their area as early as possible once signs of financial trouble arise. Creditors often know that most people are hardworking and moral and will do just about anything to pay their debts and will often use this information to guide debtors to deplete savings accounts, 401k's and IRAs, cash out whole life insurance policies, selling essential vehicles, etc....the list goes on and on. When many potential clients finally arrive at our office to speak to a bankruptcy lawyer about bankruptcy, debt settlement, or foreclosure these people have depleted almost all of their funds and assets leaving them with no cushion for survival. Seeking bankruptcy guidance and consultation early from a West Palm Beach bankruptcy attorney or lawyer in your area can possibly preserve valuable assets needed to achieve a fresh start after bankruptcy. Bankruptcy exemptions and exemption planning in bankruptcy are essential tools provided to clients. A bankruptcy attorney can review income, assets, liabilities and debts in an effort to maximize the amount of funds and property that a client retains throughout bankruptcy. Chapter 7 bankruptcy and Chapter 13 bankruptcy also provide different means to maintain property as well so the decision to file a particular type of bankruptcy is also essential. A West Palm Beach bankruptcy or lawyer in your area can help you understand your options. In Florida, the law allows and sets forth certain exemptions for automobiles, retirement accounts such as IRAs and 401K accounts, annuities, and life insurance policies in addition to homestead protection. Florida exemption laws may be used by a qualified bankruptcy attorney and lawyer to preserve property. Early guidance and consultation from a West Palm Beach bankruptcy attorney or lawyer in your area can help you understand the exemption laws and the application to your case. Speak to a West Palm Beach bankruptcy attorney or lawyer in your area from Tiller Law and protect your property rights. Early guidance and planning are essential to survival in these tough economic times. Call Tiller Law today for your free consultation.</p><strong>About the Author:</strong><br />West Palm Beach Bankruptcy Attorney - Tiller Law www.calltillerlaw.com<p> Article Source: <a href='http://www.articleseen.com/Article_Delaying-Bankruptcy-May-Be-Devastating_19839.aspx'> http://www.articleseen.com/Article_Delaying Bankruptcy May Be Devastating_19839.aspx</a></p>

Article Source : http://www.articleseen.com/Article_Delaying Bankruptcy May Be Devastating_19839.aspx

Keywords : west palm beach, bankruptcy attorney, mortgage,

Category : Finance : Finance