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At Taieb Law, we help clients with the following types of bankruptcy filings:
Chapter 7 Bankruptcy
Chapter 7 Bankruptcy – New laws require a means test to determine your eligibility for a debt discharge. If you fall below the state’s median income, you will qualify. Considering New Jersey possesses one of the highest median incomes in the state, many clients who come to us are able to start over with a clean slate through a Chapter 7 bankruptcy filing.
Chapter 13 Bankruptcy
Chapter 13 Bankruptcy – Similar benefits exist in Chapter 13 debt reorganization. It enables individuals to develop a plan to repay all or part of their debts. Under this filing, we would propose a repayment plan to make installments to creditors over three to five years. Car payments could be lowered and second mortgages may be eliminated. At Taieb Law, we attend to every detail to ensure that you are protected and not exposed to liability.
Stopping Foreclosure – A bankruptcy filing immediately forces a bank to cease all foreclosure actions. That relief takes a significant burden off your shoulders, specifically if you can continue your mortgage payments. We will help you identify the best option for keeping your house or starting fresh.
Stopping Repossession – You can not only stop repossession of your car, you could also emerge from bankruptcy with lower car payments. Even if your car has already been taken, you can still get it back if it has not been sold at auction.
Stopping Wage Garnishment
Stopping Wage Garnishment – A collection agency taking your hard-earned money only makes a bad situation worse. We can stop the damage being done to your financial outlook with an immediate petition filing.
Stopping Utility Shutoffs
Stop Utility Shutoffs – Utility companies can be stopped from shutting off your electricity, even if you owe back payments. A Chapter 7 filing will discharge the debt while a Chapter 13 filing could eliminate a large portion of or wipe out the remaining balance. However, you must provide a deposit within 20 days or risk your service being shut off again.
Credit Restoration – It’s possible that your credit score is low due to error. Whatever the cause, we’ll help you find it, and restore your credit.