COVID is crushing Americans
COVID has had a crushing financial impact on American families and businesses. Things were supposed to be getting better this whole year, but the economic carnage continues, and nobody knows when it will end. Many people have lost their jobs or have reduced income. Businesses that were profitable in 2019 are now losing income every month due to Covid.
Bankruptcy is an option that many people and companies are looking at to prevent creditors from taking aggressive actions or to renegotiate better terms in repaying debt, or to just wipe out debt—most individuals who file bankruptcy file chapter 7 or chapter 13. Closing businesses file Chapter 7. Businesses that stay open can use Chapter 11, Subchapter 5 bankruptcy as a financial management tool until they return to a profitable status.
Bankruptcy offers those families, individuals, and businesses that are financially affected by Covid-19 increased options in the way they repay debts and the amount of debts they’re required to repay. Bankruptcy may also offer closing businesses a simple and cost-effective way to shut the doors.
Find out what you need to know in our post about filing for Bankruptcy during COVID-19, and look at our information on the different types of Bankrutpcy available under Federal Bankruptcy Law. We offer free consultations to discuss your specific situation and give you skilled advice on debt relief options.
I’ve helped individuals, families and small businesses wipe out millions of dollars in debt. Bankruptcy is an option that should be considered before things get out of control. The earlier you consult with a bankruptcy lawyer, the more options you usually have.
If I can be of help to you or your business, please contact me for a complimentary appointment.
Consider Bankruptcy and get your life and/or business back on track
Bankruptcy may provide you with options to wipe out your debts so that you can regain your financial footing. Or, if you own a business, it may keep your business operational even though you cannot meet your monthly debt obligations. It may pave the way for a stronger financial future for you, your family, or your business. If you’re out of options, it’s time to consider bankruptcy to get your finances back on track.
Robert C. Hahn
I’ve helped thousands of individuals and hundreds of businesses through bankruptcy. I’m committed to helping my clients look at all their options and use them to achieve the very best results.
When there are difficult decisions to make, you want personalized care from a skilled bankruptcy lawyer like Robert Hahn, who has over 23 years of bankruptcy law experience.