Covid-19 has turned the world upside down.
Weeks of isolation and social distancing, growing numbers of people falling ill, an economy that has taken a sharp downturn, and overwhelming job losses are the substance of the nightly news.
It is likely that once the coronavirus emergency is under better control and treatments become available, we will be able to come out of isolation, the economy will improve, and many jobs will come back.
In the meantime, many people find themselves struggling to pay their bills right now. Some were in precarious financial circumstances prior to this national crisis and are finding their savings rapidly depleted. With little or no income coming in, keeping financially afloat isn’t always possible. In this type of situation, sometimes people find themselves considering filing for bankruptcy in order to get out from under debt they will never be able to repay.
Bankruptcy has long-term consequences and is not always the solution, but it might be the best option in some situations. To consider what it involves, review some of the frequently asked questions about bankruptcy.
If you find yourself considering bankruptcy, or are in any type of legal trouble, we can help. Contact Contant Law. Call or text us at 617 227 8383.