Sometimes You Need our Help to Survive

You really want to change your life around. You want good health for you and your loved ones. You want a solid source of good income. You want world peace. And you want your bills to go away. While we can’t solve everything on your list, filing a Chapter 13 bankruptcy may help with the bills.

I was talking with a prospective client recently. There were things in her life that were upsetting her, like credit cards balances and over $200,000.00 in student loans. She had also lost her car to a repossession. There was no way she could pay all of this on her decent, but not great, income. The student loan creditors alone wanted over $1,500.00 per month.

Chapter 13 Option

I devised a Chapter 13 bankruptcy plan where she would pay about $350.00 per month to her creditors over a five year period. At the end of the five years, the credit card debt and the repossessed car balance would be gone, but she would still owe lots of money on her student loans.

My potential client lamented that she will still owe money on the student loans when the five-year plan is over. Then she thought about the alternatives. If she did not do the Chapter 13 bankruptcy, how would she pay the student loans? What about the charge cards and the repossessed car balance?

She is going to do the plan that I recommended because she has to survive. The plan payment is affordable and, during the five years, she does not have to worry about the student loan creditors attaching her wages, income tax refunds, or bank account. She doesn’t have to worry about being sued by the credit card creditors or the repossession creditor.

As for the student loans, maybe she will be in a better financial position in five years and make new payment arrangements, since she won’t have those credit cards and repossessed car.

Give us a call and schedule a free consultation with us, and find out if Chapter 13 bankruptcy can help your financial situation.

2 Responses to Sometimes You Need our Help to Survive

  1. I need your help I’m drowning in debt I live on Saturday disability my sister lives here no income she is not well either we cannot survive on 1211 a month I do have a mortgage it is 312 a month my credit cards are maxed my health is deteriorated due to all this stress can u help me I’m desperate thank you for your attention Debi Albert’s home phone is 724-515-5945 I don’t want to talk when my boyfriend around he just yells at me if call just talk to me I might have to call u back please help me my address is 2232 leo Street Irwin pa 15642 thank u

    • Debi,

      I have forwarded your e-mail to one of our attorneys for their evaluation. You will be contacted soon about your financial situation.

      Thank you for contacting Steidl & Steinberg.

      Tom Rose

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