There is no question that the coronavirus pandemic has changed our lives in more way than one. And finances are definitely one of those ways.
While you might not be financially impacted to the degree that others are, you might still be taking a hit. And for some, the financial burden might not be so obvious to you.
But as a bankruptcy lawyer, we have seen just how hard this pandemic has hit some families’ budgets.
Lost or Reduced Wages
Unemployment was likely the first thing that came to mind when you started reading this post. Some have lost their job entirely, while others just experienced a decrease in hours. Either way, both scenarios include a financial impact of some sort.
Food Costs are Increasing
“But wait, we aren’t eating out?”
Right. But the grocery bill just keeps growing.
Aside from the fact that most Americans are now eating all meals at home – and likely more food from being home so often – the cost of the food we are eating is rising.
It is a supply and demand situation. This is a result of the pandemic that is effecting everyone – even if it doesn’t hurt your budget, you aren’t exempt from this impact.
The Kids Need to be Entertained
For kids, the pandemic can almost seem like an extended summer vacation. Exciting, right?
But for the parents – most of whom are working from home now – it just sounds like “cha-ching, cha-ching, cha-ching” as they spend more on streaming services and at-home activities to keep everyone occupied.
A Way to Manage Your Debt During COVID-19
Whether you have found yourself unemployed or just on an even tighter budget than when the pandemic started, the stress might be building. If you have found yourself in a situation that seems hopeless, it is time to explore your options.
Bankruptcy, while it sounds scary, can be the solution to help you overcome the financial strain put on you and your family by this pandemic. By wiping away debt or giving you access to additional funds, it can help you get back on track in a manageable way.
Do I Need A Bankruptcy Attorney Near Me?
Finding a reputable bankruptcy attorney in your area is important to your case. And finding one with a comprehensive knowledge of bankruptcy laws in your state is the best way to avoid costly mistakes.
With over 20 years of experience in bankruptcy law, our team has the Atlanta bankruptcy attorney for you.