We are currently experiencing trying and confusing times. The COVID-19 global pandemic is leading many into financial trouble and causing a great amount of economic concern. It can be hard to determine what should be done in these times, but for many, bankruptcy will be a great option in the upcoming months. Before panicking, it is important to reach out to a professional and discuss your options with an experienced bankruptcy attorney. Doing so will help you understand your options and what you can do to help your situation in the upcoming months.
With businesses, stores and organizations shutting down, it can be confusing to know which institutions and governmental agencies are still open. For example, are courts still open, or are proceedings going to continue? As of now, courts are continuing to operate business as usual. Bankruptcy can still be filed and much of the process can be done virtually. Personal bankruptcies allow individuals to gain control of their financial situation. Taking advantage of bankruptcy filings can put individuals back on track by wiping many existing debts.
COVID-19 has placed stress on many industries and individuals. It is an unprecedented situation that none of us have ever experienced before, and the resulting financial uncertainty is a stressful and troubling position to be in. Thankfully, there are many bankruptcy options available for those that are struggling. Filing consumer bankruptcy will be a major part of the recovery effort for many in the upcoming months. Discussing your concerns, debts and overall situation with an attorney will be your best starting point. Having a professional who knows all the options available to you provides you with advice that will ease the stress and help you feel confident in your decision.
The attorneys at Sadek and Cooper Law Offices have handled thousands of Bankruptcy cases in Philadelphia and the surrounding counties of Montgomery, Delaware, Bucks, and Chester. We are also licensed in the State of New Jersey. Contact us today to schedule your free consultation at 215-545-0008.