Debt News


Don’t Wait to File For Bankruptcy – The Government Shutdown May Not Allow You To


DON’T DELAY SINCE THE GOVERNMENT SHUTDOWN MAY NOT ALLOW YOU TO FILE Many clients who come to TAIEBLAW need to file bankruptcy due to an emergent situation: i.e. their home is scheduled for Sheriff’s Sale, their vehicle has been repossessed, a creditor is garnishing their wages. Once a bankruptcy is filed, it immediately puts a […]


This is the High-level Bankruptcy Process for Chapter 7 and Chapter 13


I’M OVERWHELMED WITH DEBT AND NEED TO FILE BANKRUPTCY BUT I DON’T UNDERSTAND THE PROCESS TAIEBLAW deals with consumer bankruptcies: Chapter 7 and Chapter 13. Let’s go over the process in this article. Once any bankruptcy is filed there is an automatic stay. However, if you have had a case dismissed within the last year, […]


WHO DO YOU WANT TO HELP YOU WHEN YOU ARE OVERWHELMED WITH STRESS DUE TO FINANCIAL PROBLEMS


When you file bankruptcy, it is a lot more than filling out forms. It is a major decision and you want somebody who is familiar with the process and will explain all your options. If an attorney is not familiar with the law, you may set yourself up to lose assets. Also, you want somebody […]


Credit Card Debt Due to Unforeseen Home Owner Expenses


I JUST BOUGHT A HOME AND DIDN’T REALIZE ALL THE EXPENSES INVOLVED AND HAVE RUN UP SUBSTANTIAL CREDIT CARD DEBT. CAN YOU HELP ME? As discussed in Mr. Taieb’s book, The Debt Trap: How Your Life Choices Impact on Your Financial Future, many people who buy their first home don’t realize how expensive a home […]


Cannot Maintain Real Estate Taxes on Reverse Mortgage and Now Facing Foreclosure


I HAVE A REVERSE MORTGAGE BUT HAVE BEEN UNABLE TO MAINTAIN REAL ESTATE TAXES SINCE I LOST ONE SOURCE OF INCOME. NOW THE MORTGAGE COMPANY IS STARTING TO FORECLOSE. CAN YOU HELP ME. At TAIEBLAW, we have seen several senior citizens who have faced foreclosure on their property since they fell behind on real estate […]


COSIGNING ANY LOAN CAN CAUSE SEVERE PROBLEMS FOR YOU AND AFFECT THE COSIGNER.


Many of Steven Taieb’s clients have had situations where they either cosign for friends or relatives and/or friends and relatives cosign for them. This can cause a major problem for people who need to file bankruptcy since when you file bankrupty, you are obligated to disclose anybody who cosigned or who you were the cosigner. […]