Filing Bankruptcy During The Coronavirus Outbreak

The coronavirus outbreak has altered many aspects of our lives.  Lay-offs, furloughs, and the closing of small businesses caused by the coronavirus has placed thousands of hard working people in debt that they can no longer manage. Under normal circumstances, those individuals would explore bankruptcy as a way to obtain a fresh financial start. Unfortunately, many local courts have closed or are working at a scaled down capacity. This leaves those in financial turmoil wondering whether it is still possible to file for bankruptcy during this unique time. Those same people may also be wondering if it is even a good idea to file while the pandemic is ongoing. Here are a few facts about filing bankruptcy during the pandemic.

Filings Are Still Being Accepted

Despite bankruptcy courts not being fully operational, filings are still being accepted in most areas. Check with your local court to determine if filings are being accepted in your jurisdiction. Most courts are placing any changes to the filing process on the court’s website. The courts that are accepting filings are mostly requiring that they be filed online.  Some courts are also accepting filings through a drop box that is set up outside of the courthouse. These boxes are checked by court personnel and are filed accordingly. The court will typically send any correspondence regarding your filing by mail or electronically.

Anticipate Delays

Do not be surprised if it takes longer than usual for the court to accept and process your filing. Many courts are working with reduced staff and the virus may have caused a surge in filings, so expect delays across every phase of the bankruptcy process. It is not uncommon for courts to reschedule hearings and meetings with creditors multiple times or even indefinitely. If a hearing is rescheduled, you should receive a notice from the court by mail, electronically, or by phone.  Do not hesitate to check with the court on your case status to remain up to date on any scheduling changes.

Contact A Bankruptcy Attorney

Due to the changes in the filing process and the complex nature of arranging relevant financial documents, hiring an experienced bankruptcy attorney may be the best way to make sure that your filing is done correctly and meets all required deadlines. It is especially important during these uncertain times to have someone on your side whose job it is to stay informed of the changes to the bankruptcy filing process. Experienced bankruptcy attorneys are in constant contact with courts and are often the first to know of any changes due to the outbreak. If you are considering filing for bankruptcy during the coronavirus, do not hesitate to consult with an experienced bankruptcy attorney. The Bankruptcy Team, PLLC is devoted to helping clients resolve their financial issues through bankruptcy, foreclosure or other viable means so that they can get the fresh start that they are entitled to. We are here for you.  Our experienced bankruptcy attorneys will thoroughly review your situation with you and will position sound solutions which fit your unique needs. To consult with The Bankruptcy Team, PLLC, call or contact us today.