(Our firm practices bankruptcy law and is considered a debt relief agency by federal law. We help people file for bankruptcy relief under the Bankruptcy Code).

The COVID-19 (“Novel Coronavirus”) pandemic has undeniably altered all aspects of life not only for the foreseeable future, but potentially, permanently. Many thousands of individuals have been personally impacted, as they themselves individually or their loved ones suffer through medical emergencies related to COVID-19, including, at an alarmingly increasing rate, mortality.

For those families personally impacted from a medical perspective, they have likely been impacted on another front as well by virtue of the various Stay-At Home Directives issued by our Federal, State, and local authorities which has brought our economy to a grinding halt. Restaurants have been shuttered, non-essential business has been closed, and millions of people have been laid off of work and have filed for or are in the process of filing for unemployment compensation.

Though the Federal Government has undertaken some efforts to curtail the catastrophic economic impact this crisis has caused, with consumer debt at record levels PRIOR to the crisis, it likely will not be sufficient. For those of you who have suffered economically from the COVID-19 outbreak, there are options you may elect to exercise in order to secure debt relief if the passage of the CARES ACT and other economic relief platforms, including a brief moratorium on mortgage, car, and student loan payments, falls short for you. The solution to recapturing one’s financial livelihood can be found in the U.S. Bankruptcy Code.

For those who finds themselves in need of further economic relief during the COVID-19 crisis, the time to explore whether bankruptcy is an appropriate remedy is sooner, rather than later. To the extent any of the following scenarios accurately describes a hardship you are currently, or on the verge, of suffering through, you may wish to consult with a bankruptcy attorney.

• You are a small business owner who has had a loss in income.
• You are unable to pay your commercial rent.
• You are unable to pay your residential lease.
• You are behind on car payments.
• Debt collectors are calling you all day.
• You are receiving debt collection letters.
• You are receiving court summons’ or complaints to appear in court.
• You are in foreclosure.
• You are behind on your mortgage payments
• Your wages are being garnished.
• You have checking accounts that are being frozen or levied.
• You are scared to answer your phone or open your mail.

If you or anyone you know, including any business owners or independent contractors, is presently or is about to suffer through any of the above listed financial hardships, bankruptcy debt relief may be an appropriate remedy. Bankruptcy will stop collection efforts as soon as your case is filed. You will also be able to protect many assets in the bankruptcy process from encircling creditors. This will give you much needed peace of mind knowing that your wages can no longer be garnished, property cannot be seized, nor will your checking account be frozen any longer.

Though many aspects of life are on temporary hold, including in person court hearings, we continue representing our clients’ interests when called upon. With that in mind, the Bankruptcy court is still processing petitions and holding hearings telephonically. If you or anyone you know is having a difficult time with their finances, please contact our office at (847) 549-0600 or via email at Info@LawJTLG.com to set up a complimentary consultation. We wish you and your family good health and we stand by ready to help.