Coronavirus and Ohio Bankruptcy Court Updates in Central Ohio
Ohio Bankruptcy Court Updates in Central Ohio
The Covid-19 pandemic being experienced across the globe has left a serious mark on the United States in terms of both health and finances. As the virus spreads and manifests across the nation, each citizen has been affected in some manner with the disruption of life on an all-inclusive scale. Even those who are not impacted health wise have been impacted financially, with many of those victims of the coronavirus left facing serious financial decisions that will surely include bankruptcy for many. Luckily, the federal government understands this dilemma for all Americans and have adjusted state agency operations accordingly. This also includes bankruptcy courts in Ohio that are now conducting business via Skype or other platforms that allow real time communication without having to meet formally in person. This means that those who are being forced into bankruptcy or were considering the legal protection action can still proceed with a petition via electronic communication.
Debt Collection During Covid-19
While the government has made a significant adjustment due to the pandemic, creditors will still be concerned with keeping accounts current and moving for collection just as in a normal time. There have been some restrictions placed on evictions that could lead to a bankruptcy filing, but the legal actions associated with foreclosure will still be an issue for people who are caught up in the financial crunch of the national emergency. This could give some individuals additional protection when budgets are stretched or even decimated and having an experienced bankruptcy attorney assisting in a decision can be a real advantage if creditors are impatient.
Many people will be dealing with problems after the focus of the pandemic is over and the economy is reopened completely. The courts understand that this will be a trying time. There will be financial relief for many people and businesses that are caught in the economic crunch, and it is still an unknown how aggressive creditors will be in pursuing account balances. But the bankruptcy courts will still be an alternative for those who find themselves in a precarious financial situation with no place left to turn. Personal debts will not be forgiven, but there are still protections for property that could be used in avoiding a serious collection effort such as a mortgage foreclosure.
We want everyone to know that Ohio residents do have options for financial recovery after the Coronavirus national emergency comes under control, and we are ready and available for anyone who needs to address their financial status with possible bankruptcy. The method of handling these cases will be different and possibly easier than ever before, and we want to help financial victims recover from this calamity. Call Wood & Brewer Bankruptcy today and let us help evaluate your financial relief possibilities.