Since the beginning of the pandemic, the government has spent substantial sums of money which has created inflation which seriously devalues any money you have saved. Also, as the country is moving towards energy dependence gasoline prices have skyrocketed. When energy prices increase, it affects the entire economy and increases costs for everything.
Since our economy runs on fossil fuels, the manufacturers are going to pass the increased cost of fuel for every product and groceries. Also, as large companies will be taxed to pay for the massive government spending, this will be passed on to all of us. Thus, many consumers will definitely feel incredible financial stress from the increased gasoline prices which will have a multiplier effect.
Also, if you are not working remotely, it will cost you a lot more money to get to work and to get around since it is very difficult to take public transportation in the suburbs.
Even though cost of living is skyrocketing, your monthly bills are not decreasing.
To make matters worse, several consumers give creditors an automatic withdrawal of payments on certain debts or personal loans directly from their bank account. This could create a situation where people do not have enough to pay for necessities, so they run up their credit cards to stay afloat.
At Taieb Law, we can immediately stop this incredible stress once we file a bankruptcy petition. We cannot stop the skyrocketing cost of living expenses, but we can at least clean up the overwhelming credit card debt and personal loans that are crushing you.
The two options are as follows:
If you file a chapter 13, in several cases you would be able to substantially reduce your monthly payments on your debts. We have helped several clients reduce their monthly payments from $2,000 per month to a few hundred dollars per month. Also, there is a light at the end of the tunnel when you complete your chapter 13 plan.
In certain situations, you may be able to totally walk away from making any payments at all by filing a chapter 7 bankruptcy. However, you want to make sure that all your property is exempt or protected since if you have too much property, a chapter 7 trustee may be able to liquidate your property. There are also other requirements that you must meet to file chapter 7 which you can personally discuss with Taieb Law.
If you are sick, stressed out, or losing sleep over your debt, we can help you save your property and get a fresh start by filing a bankruptcy for you. For more information go to www.bankruptcywithcare.com or call us at (856)235-4994.
AGAIN, PLEASE NOTE WE ARE OPEN FOR BUSINESS TO HELP ANYBODY WHO IS IN FINANCIAL DISTRESS AND CAN HELP YOU EITHER IN OFFICE OR VIRTUALLY. PLEASE ALSO NOTE THAT STEVEN N. TAIEB, ESQUIRE HAS BEEN VACINATED.
Steven N. Taieb, Esquire has been a south jersey bankruptcy attorney for 36 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 a debt relief agency. We help people file for bankruptcy relief under the bankruptcy Code.