What is bankruptcy? How does it work in the Palm Beaches? Should I file for Bankruptcy? Will I lose my house? Who is eligible for Bankruptcy? What´s a Chapter 7 or 13? How bankrupt am I? Get bankruptcy answers from Walker Law Firm, a West Palm Beach Attorney.

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What Are Some Bankruptcy Alternatives


Bankruptcy provides a solution to insurmountable debt and the stress that comes along with it. The idea of having your debt eliminated or substantially reduced is reason enough for filing for bankruptcy relief. Bankruptcy can have a lasting effect on your financial future as it will stay on your record for ten years, although rebuilding your credit can take place much faster than many people expect.

Some may not want to choose to file bankruptcy, or do not qualify. In such cases, there are alternatives that could help you resolve your debt problems, and I can help. As a West Palm Beach bankruptcy lawyer, I serve my clients both in bankruptcy and in seeking an alternative that will get their financial difficulties under control or completed resolved.



Credit Counseling 
This step should be taken for two reasons. First, you will learn how to better manage credit and how to create and live within a realistic budget. Second, if you do elect to file for bankruptcy, you are required by law to undertake credit counseling before you file your petition and this will fulfill that requirement. Ensure you are using a firm that is registered so that this requirement is met should you decide to file bankruptcy, and our West Palm Beach bankruptcy lawyer can help.

Personal Contact with Creditors 
Do you have regular income which provides a surplus after basic expenses are met? If so you may be able to negotiate payment plans with your creditors. Initially it is easier to ignore creditor calls but actually, failing to communicate can make your problems far worse. If you have avoided creditor calls and are now facing legal action, threats or lawsuits, we can get involved and help you get the situation sorted out.

Our firm is skilled in negotiating lower interest rates, reduction or elimination of late fees and a monthly payment that you can afford. Once agreed, make your payment on time. Most creditors will prefer this to more aggressive collection action, and when a West Palm Beach bankruptcy lawyer is managing the case, creditors sit up and listen. We are often able to negotiate favorable terms for our clients, and we can help you too.

Debt Settlement 
Arrangements can be made to "settle" your debt for a lower amount. If your debt is now in the hands of a collection agency, you may not be aware of the fact that the agency probably bought the debt for only pennies on the dollar. They want every cent they can get, and will pursue the whole amount. At our firm, we know what they are actually likely to take in a settlement. We can help you settle debt and we will fight for the lowest amount and best terms possible. When we are involved, they sit up and listen.

Short Sale 
For those that are faced with a foreclosure, another option to avoid this is a short sale. This needs to be worked out with the creditors before moving forward with the option. A short sale will mean that the property is sold below the value that is actually owed on it and it is important to address the deficit since creditors may still hold you accountable.

If a short sale is handled correctly it can allow for less of an impact than foreclosure and will potentially have fewer financial ramifications. It can also allow the property to be sold faster since there is incentive to buyers. Creditors will need to be convinced and working with an attorney can help in this process to present a plan to help find a solution.

Do Nothing 
If you are "judgment proof," some creditors are likely to be unwilling to spend the money to sue you. A judgment is worthless unless there is a way to satisfy that judgment. Garnishing a paycheck and placing a lien against tangible property are methods by which a judgment could be collected. If you have neither, you may be judgment proof, but only as long as you remain in that financial condition. Even if you are judgment proof currently, it doesn't mean that you are now free from the obligation. Filing for Chapter 7 will relieve you from the majority of your unsecured consumer debt, and you will no longer owe these creditors, which could be far superior to suffering the hassle of creditor calls, letters and threats.


This is a big decision to make. My firm, Walker Law Firm, P.A. has the experience and understanding of the law that you need to empower you to make the right decision. Call my firm to schedule a complimentary initial appointment so we can formulate a strategy that gives you the relief you deserve.

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  • Carissa LawhunFlorida Realty
    Walker Law Firm, P.A. specializes in unemployment appeals and laws.

    Our office has hired Mr. Walker several times to assist with unemployment appeals. He always takes the time to fully understand the set of circumstances surrounding the employee's separation and this makes all the difference. He is extremely knowledgeable in his field, aggressive, and highly tenacious.

  • James StatenClient
    Walker Law Firm, P.A helps people in the Palm Beaches with their Bankruptcy problems.

    We had the privilege of working with the Walker Law Firm recently. Ed and his staff handled our case in a timely and professional manner. They were available to answer questions and ensured us that they were handling everything. Our end result was exactly what we were hoping for. If you are looking for someone who will work hard to represent you and at a fair price, you need to call the Walker Law Firm.

  • Ginger GowingReal Estate Agent
    Walker Law Firm, P.A. specializes in real estate law.

    What I love about using Ed Walker for my closings is that it is always one on one with him! With Ed he always answers all of my questions day or night and happy to speak to all parties involved in the closing of the sale.  All of my sellers & Buyers love that Ed Walker comes to us for the closing! I would highly recommend others to use Ed for his services and am thrilled to have him as my closing attorney.

Walker Law Firm
July 14, 2014
5 star/5 stars
Our office has hired Mr. Walker several times to assist with unemployment appeals. He always takes the time to fully understand the set of circumstances surrounding the employee's separation and this makes all the difference. He is extremely knowledgeable in his field, aggressive, and highly tenacious.
Walker Law Firm, P.A. Edwin Walker Bankruptcy Debt Chapter 13 Chapter 7 Bankruptcy Lawyer Attorney Are you thinking about bankruptcy? Call our bankruptcy lawyer today for a free consultation. Walker Law is a trusted West Palm Beach, FL Bankruptcy Attorney. Walker Law Firm, P.A. Edwin Walker 2015-07-14 text Local Business 561.689.1512 Website for Bankruptcy Attorney in West Palm Beach, FL en Walker Law is West Palm Beach, FL Bankruptcy attorney specializing in Chapter 7 and Chapter 13 Bankruptcy. West Palm Beach, FL Access to Everyone