At Gillespie & Murphy, P.A., we have never seen anything quite like the coronavirus pandemic. This government enforced shutdown of non-essential businesses has caused significant financial losses for business owners - especially small business owners-and it has left people with few places to go for help. If your business is hurting, it may help you to understand a little about your options.
What to know about small business bankruptcy and the COVID-19 pandemic
How can I file for Chapter 13 bankruptcy?
If you are thinking about filing for bankruptcy, it's likely that you have been dealing with debts for some time. If you have recently experienced a series of unfortunate events that have made your financial situation even worse, you may have come to the conclusion that bankruptcy is your only option.
When is bankruptcy the best possible option?
Bankruptcy is probably not something that you ever envisioned yourself partaking in. You may feel ashamed to be even considering bankruptcy because you might hold negative associations with it. It's common for people to think poorly of bankruptcy, but the truth is that it's a service that can help people out of extremely difficult times. Bankruptcy is a financial lifeline that can help families and those who have experienced a financial crisis build a new life for themselves.
