Coronavirus, Debt And A New Start

Posted by Wesley Scott on April 30, 2020 at 1:38 PM
Wesley Scott

Raise your hand if you have been affected in some way by the Coronavirus? That will be all of us. Now raise your hand if you have been financially devastated by the Coronavirus? That is a lot of us. Now, raise your hand if you wanted to be negatively financially impacted by the Coronavirus? Of course you did not.

Life doesn’t always go like we had planned. Viruses don’t care if you need to go to work and make a living to feed your family. They just don’t care. There will be thousands and thousands of Minnesotans who will need to push the reset button and get a fresh start after being negatively financially impacted by this virus. This is no fault of your own. It is just the reality we are dealing with.

Thankfully, there is medicine available to cure a financial crisis even though there is no cure yet to the Coronavirus. Chapter 7 or Chapter 13 Bankruptcy are tools that Minnesotans can use to right the sinking financial ship they are in. I know you did not plan to file bankruptcy. I know that you do not want to file bankruptcy.

But after we all swallow our pride, and reflect on our options, the best medicine is bankruptcy for a financial ailment. Bankruptcy allows you to move beyond the financial ailment and get back on your feet much quicker. Bankruptcy allows you to keep your assets and control your debt. I think there are a lot of Minnesotans right now swimming in a sea of debt but they are waiting. Why do they wait? They wait because the children are home, their jobs are lost and they have no income, and they wait because there are emergency measures in place to protect Minnesotans from eviction and foreclosure. But as time passes, and we get back to some normalcy, the debt will not go away on its own.

Call Now For A Free Strategy Session With A MN Bankruptcy Lawyer

When the time is right, or when you are ready, reach out to Minnesota’s LARGEST bankruptcy law firm at www.kainscott.com. You will be so glad you did!

 

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