When you are overwhelmed with debt one of the biggest questions you have is “HOW CAN I PAY A LAWYER?”
Steven N. Taieb, Esquire has helped people with financial problems for 32 years and is aware of the incredible stress his clients have from all their debt.
In instances where people want to save their home or vehicle from repossession or just which to reorganize their debt burden, they will file a Chapter 13 bankruptcy.
In contrast to other attorneys who require substantial upfront money towards their fees, Mr. Taieb will accept a very modest deposit towards the total Chapter 13 fee to get the bankruptcy stay in effect. Most clients ask Mr. Taieb when they have to pay the balance of his fee. The answer is the law allows the attorney to be treated as a creditor in the Chapter 13 plan.
The process works as follows:
Let’s say you are behind on your mortgage and have substantial credit card debt. The law in this particular case requires you to pay a pro-rata share to all your unsecured creditors plus mortgage arrears.
Thus, if you have a plan that has a trustee payment of $400 for 60 months, the balance of Mr. Taieb’s fee is calculated in the payment to the Chapter 13 trustee. In most cases Mr. Taieb’s attorney fee for the Chapter 13 will only raise the trustee payment a small amount over a five year plan if you get a plan that requires no payment to unsecured creditors. In cases where the trustee payment includes a pro rata payment to unsecured creditors, you are paying the balance of Mr. Taieb’s fee instead of paying another credit card. I am sure you would rather pay for a skilled attorney than pay more to unsecured credit cards.
Unfortunately, in Chapter 7 the United States Supreme Court does not allow you to pay partial payments, so the fee has to be paid up front before the petition can be filed and the stay goes into effect.
However, Mr. Taieb has a policy where he will match another attorney’s Chapter 7 fee as long as you show him a written agreement.
If you are struggling in debt, TAIEBLAW will help you and you will also be able to work out the payments to help you get the bankruptcy stay in effect.
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.