The whole purpose of filing bankruptcy is to help honest people get a fresh start for circumstances that occurred outside of their control.
Recently, a lady from Burlington County came to TAIEB LAW who earns a very good salary but had to take care of her child who got sick. As a result, she fell behind on her rent and numerous other bills.
In this situation, Mr. Taieb was able to file a Chapter 13 petition to help this woman since she did not want to lose her apartment to eviction. Now that she earns a good salary, she qualifies for a repayment plan to stop the eviction and deal with her other debts. Also, her property is protected.
On the other hand, if she was current with rent payments and just had substantial medical or credit card obligations, she would have been eligible for a Chapter 7 where she could have discharged all her debt.
However, if somebody has too much disposable monthly income, they would not be eligible for a Chapter 7 since they have money to pay back creditors.
If you have gotten into debt because of unforeseen circumstances, please contact TAIEBLAW at 856-235-4994 or go to our website at TAIEBLAW.COM to see how we can help you like we have helped over 7,000 people over the last 34 years.
Steven N. Taieb, Esq. has been a South Jersey Bankruptcy Attorney since 1985 and is board certified in consumer bankruptcy law by The American Board of Certification which is accredited by The American Bar Association.
PLEASE NOTE ON AUGUST 29, 2019
WE MOVED OUR OFFICE TO:
THE ELLIPSE SHOPPING CENTER,
4201 CHURCH ROAD, SUITE 15
MT. LAUREL, NJ 08054