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Real Estate News Releases
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(EstateNewsWire.com, November 05, 2012 ) Jacksonville, FL -- Recently, as their financial problems reach alarming levels, more and more people have started asking a Jacksonville bankruptcy lawyer for help. However, considering the number of people in Florida facing bankruptcy, those who seek legal solutions for their problems are, still, very few. Bankruptcy lawyers blame this fact on the lack of information regarding the legal solutions available in such cases among the Jacksonville population. Furthermore, they say that many people are misinformed by their banks or creditors, or discouraged to seek legal help.
People who face serious financial problems should know that there are many legal alternatives they could turn to. Although bankruptcy is an extreme solution, in some cases, it might turn to be the most intelligent one of all. A Jacksonville Bankruptcy lawyer will help their clients choose the most appropriate legal solution, considering their case.
There are two types of bankruptcy people can choose from, chapter 7 and chapter 13, but few know what the differences between them are. In short, chapter 7 refers to liquidation bankruptcy, implying that most of the unsecured debt will be erased. On the other hand, chapter 13 bankruptcy implies the restructuring of the unsecured debt an individual has. If somebody files for chapter 13 bankruptcy, the Jacksonville bankruptcy lawyer will negotiate more favorable debt payment conditions with the creditors.
The greatest fear of those who are considering filing for bankruptcy is the way it will affect their credit scores. Of course, nobody can deny the fact that bankruptcy will considerably affect an individual’s credit scores and will remain on their credit report for 10 years, but that doesn’t mean that credit scores cannot be improved after bankruptcy. Sometimes, by trying to avoid bankruptcy, some people damage their credit scores in a more devastating way than filing for bankruptcy would.
Lawyers suggest that bankruptcy could prove to be a very favorable solution for some of their clients. Although it will affect their credit scores, bankruptcy also means that most of the debt will be erased, creditor harassing will stop, and clients will be able to keep their personal assets and start anew. Clients can also ask for foreclosure defense, thus managing to prolong the time spent in their own home while negotiating a loan modification. With the help of a Jacksonville bankruptcy lawyer, people facing foreclosure can find financial freedom and get rid of the stress brought by mortgage payments. Although every client’s situation is very complex and unique, bankruptcy lawyers have the experience and abilities to help each client make the best decision and enjoy debt relief.
At http://www.bankruptcy-foreclosure.org/, individuals who face financial problems can receive the support of an experienced lawyer from the foreclosure and bankruptcy law firm of Justin McMurray, PA.
About The Law Offices of Justin McMurray:
The firm has offices all over Florida, including Jacksonville, Miami, or Tampa. The Law Offices of Justin McMurray specialize in foreclosure defense, chapter 7 and chapter 13 bankruptcy, loan or mortgage modification, real estate law and short sales. People facing any of these problems can ask for a free consultation from a Jacksonville bankruptcy lawyer at any of the firm’s offices across Florida.
The Law Offices of Justin McMurray
Jeremy Resnick
(904) - 248 - 4482
Jeremy@survivingyourmortgage.com
Source: EmailWire.Com 
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