Facing debt is difficult. However, facing difficult financial times and losing your job due to forced vaccination requirements is even more stressful. If you are concerned about being able to pay your bills due to losing your job, you have options!
So, What Are My Options?
You have the option of speaking with your creditors directly to discuss different payment options. You may even be able to negotiate down the balance, but keep in mind that you will likely need to pay in a lump sum to do so. Borrowing money will likely leave you with more debt than where you started, so this option comes with risks. Also, doing nothing will likely lead to lawsuits and judgments against you. Finally, bankruptcy can be your best bet to get out from overwhelming debt. Bankruptcy is a viable option to reduce or eliminate your debt entirely!
Bankruptcy While Unemployed
Unemployment does not have to stop you from your financial fresh start. In fact, it can be your best option for reducing or eliminating overwhelming debts. Speaking with a bankruptcy attorney will help you understand and guide you through the filing process.
How Does It Work?
First, speak with your attorney about your current financial situation. Your attorney will explain how the means test will determine which chapter of bankruptcy you can file under. A job loss or unemployment might give you a better chance for qualifying for a Chapter 7 or Chapter 13 bankruptcy. Both offer different types of debt relief, but your attorney will help you decide which is best for your situation.
Need More Information?
At the Law Office of Daniela Romero, we believe in relationships that are based on trust. Before we work together, we would like to get to know you and we would like you to get to know us. We want you to be sure you are the right fit for us and that we are the perfect fit for you. This will allow you to be completely comfortable sharing intimate and difficult details of your case, so we can offer you representation to the fullest extent of the law. Call us today to set up a free consultation.