What to Expect from a Debt Perspective (Post-COVID)

Bankruptcy During Covid-19

As a bankruptcy attorney, I understand the fear and anxiety people face regarding their finances.

When you couple finances with the daily fear and anxiety the world has faced over the last ten months, some days may seem impossible. When people are most concerned about the health of themselves and their loved ones, the last thing that they should be thinking about is debt.

For some time now, I have been advocating for the fact that society needs to reframe how it thinks about bankruptcy; particularly now as the pandemic takes its toll on more and more people’s finances. I prefer to think of the bankruptcy process as a tool. While bankruptcy does carry with it a host of negative connotations, it is a problem-solving tool that has many positive aspects.

Our country is primed to realize an increase in bankruptcy filings, so perhaps it is time for people to rethink the negative stigma associated with bankruptcy.

The government funding and stimulus was designed to keep the country afloat. Funding was directed to businesses and individuals. For individuals, it was designed to assist you in maintaining daily/monthly living expenses; the essentials (rent, utilities, food).

The stimulus was not intended to allow you to pay your monthly credit card bill. Most banks and lending institutions established their own forbearance and grace periods.

These grace periods are set to expire. Whether this is a rental lease, mortgage payment, vehicle payment or credit card, the creditors will expect payment.

It is now that a fresh start might be best. Typically, individuals file Chapter 7 to wipe out all debt, or Chapter 13 to restructure and pay their debt over time.

Facing financial difficulties is stressful and overwhelming. However, you can take a positive and preemptive step now toward resolving your financial circumstances.

I can help guide you smoothly through this process. Quality representation is essential to ensure that you are protected.

File For Bankruptcy From The Safety Of Your Home

File For Bankruptcy From The Safety Of Your Home

The Covid-19 pandemic has brought a lot of difficult times on people around the world. However, one side benefit that it has brought has been the ability to handle processes online that have not been viable before.

You can now file for bankruptcy without ever leaving your house, and you can even attend your court hearings via telephone as well

Before Covid-19, you would need to appear physically at our law office, and a bankruptcy attorney would need to witness you physically sign the documents. As many people were already stretched to the limit with work and family schedules, it was often difficult for them to make it to the office physically. Traffic delays alone would account for a considerable number of missed appointments.
We have made these changes to do our part in helping people through this difficult time. As such, you can file your case without ever needing to step foot in our office.

Step One

Right off the bat, we conduct your free initial consultation with you by phone. We will review all of your debts, lawsuits, assets, income, and expenses with you during this conversation. Our objective with this call is to get a feel for your entire situation. At the end of your free consultation, we will clearly explain why Chapter 13 or Chapter 7 bankruptcy may be a good option for you.
We offer you the ability to speak directly with an experienced bankruptcy attorney who will analyze your case’s specific facts and answer any questions you might have.

If you choose to move forward with either Chapter 13 or Chapter 7 bankruptcy, we will require you to give us your social security number and birthdate so that we can then pull your credit card to process your bankruptcy petition.

If you have received any lawsuits or other bills that you would like for us to include in your case, scan and email them to us, or if you don’t have a scanner, a well-shot photograph will suffice.

Step Two

This step is the signing appointment, where we will go through each page of the bankruptcy petition with you via Zoom’s screen share function to make sure that it is perfect. When the review is complete, we will use DocuSign to sign the court’s required signature papers electronically.

We will be able to file your Chapter 13 or Chapter 7 bankruptcy case shortly after your signing appointment, so your court protection will begin immediately. We will also mail you a hard copy of the bankruptcy petition after your case is filed, which will require you to sign and send the documents back to us.

Whether you are considering a Chapter 13 or Chapter 7 bankruptcy case, it is essential to work with an attorney that you trust to help you through this challenging process. Please don’t hesitate to call us or use the live chat feature of our website. We will be happy to see you through this process every step of the way.

Bankruptcy During The CARES Act

(Corona Virus Aid, Relief, & Economic Security Act)

Even if you haven’t been tracking the news about COVID19 closely, someone has likely informed you that the government will be releasing an economic stimulus check across the country to help counteract the impact Coronavirus has had on many families and businesses. On March 27, 2020, the CARES act was enacted in an attempt to relieve this economic hardship. This act has the ability to provide relief for small business debtors and individual debtors under both Chapter 7 and Chapter 13 bankruptcy filings. This relief is currently temporary and set to expire March 27, 2020.

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