I am in a situation similar with the same company bronstein and weis which I signed a document stating that I would make payments every month of 144 to pay it back. I signed the document however I have not made any payments as it is not due until jan 30th. Any suggestions of how I should move forward?
Generally these payment plans are constitute a deal - if you pay as directed, the total amount due will be less than the amount owed. If you cannot pay, consider bankruptcy.
You can file a Ch. 7 B/R for far less money than you are going to pay, and get rid of ALL your debts, not just this one. This is a matter best considered under the applicable State or Federal law. I would strongly suggest that you consult with a local attorney (perhaps selected from the AVVO website resources) with experience in this area of law, to offer a free initial consultation and perhaps assist with the process. Once you are comfortable with he or she, hire them to represent you. If this information was helpful to you, even if you do not like or agree with the advice, please let me know by clicking on the “Helpful” or “Best Answer” button. Or, if I really hit a home run, write a positive Review. Good luck!
This information is provided as general guidance only, not actual legal advice. I have not reviewed your paperwork, and unless this is a Maryland case, I am not licensed to practice law in your State. The fine points of your question are often found in the laws of your State. So, this response is not intended to be legal advice and you should not rely on this information to make decisions. I urge you instead to consult with a local attorney.
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