I AM GETTING OVERWHELMED BY TRYING TO CATCH UP WITH ALL MY BILLS.
Unfortunately, many of Mr. Steven Taieb’s clients are in the habit of robbing Peter to pay Paul. They are constantly getting behind since they are trying to get on creditor off their back while dozens of other creditors are pursuing them.
A recent example occurred with clients who were behind on gas and electric and mortgage. They kept on trying to play catch up with the gas and electric payments so they wouldn’t get shut off. Also, they were trying to plan catch up with the mortgage. Unfortunately, by trying to play catch up, they got deeper into debt.
Mr. Taieb had a solution. He put the clients in Chapter 13 reorganization. This immediately stopped the shut off notices from the gas and electric companies and stopped the double mortgage payments which were killing the clients.
Mr. Steven Taieb then proposed a plan of reorganization to only pay back the mortgage arrears over 60 months and try to wipe out all the unsecured debt.
The major issue was that once the bankruptcy was filed, it created a stay which shopped all the creditor harassment and gave these clients a breathing spell. Once you file a Chapter 13, you then start paying the trustee and in this case resume the mortgage the next month following the filing. However, you don’t have to keep on robbing Peter to pay Paul and worry about dealing with all the creditors. You just follow your plan and would resume your regular mortgage payments and regular utility payments.
If you don’t have mortgage payments or auto payments that are behind, you can stop playing catch up by filing a Chapter 7 bankruptcy. In a Chapter 7 the stay would stop all creditors from pursuing you and you won’t have to make any monthly payments except your normal payments on secured debt and normal utility payments.
Thus, instead of constantly robbing Peter to pay Paul, call Taieblaw at 856-235-4994 to see how the bankruptcy stay can stop creditor harassment.
Steven N. Taieb, Esq. is here to help you and is a South Jersey Bankruptcy Attorney who has helped over 7000 people with their financial problems for the past 32 years and is board certified in consumer bankruptcy law by The American Board of Certification which is accredited by The American Bar Association.
We are more than happy to discuss all your options and to see if bankruptcy is the best option for you.