Top Bankruptcy Attorney Bryan P. Keenan Reveals Options To Combat Debt Caused From Covid-19 Lay-Offs – Pittsburgh, PA.

Leading bankruptcy lawyer Bryan P. Keenan founder of Bryan P. Keenan & Associates, PC in Pittsburgh, PA outlines an option to combat Covid-19 lay-off debt struggles. For more information please visit https://bryankeenanattorney.com

Pittsburgh, PA, United States – July 2, 2021 /MM-REB/ —

If, like many millions, you have suffered a double hit of being laid off due to the coronavirus pandemic and are now struggling to manage crippling debt then bankruptcy might be an answer, advises Pittsburgh bankruptcy attorney Bryan Keenan.

For more information please visit https://bryankeenanattorney.com

“No one likes to file for bankruptcy, but it does allow them to wipe out certain obligations and start afresh,” the founder of Bryan P. Keenan & Associates said.

When bankruptcy is filed, an injunction is issued, stopping most collection actions, including telephone calls, wage garnishments, mortgage foreclosures and lawsuits.

Keenan said there are two types of bankruptcies – Chapters 7 and 13 – people can file for. Each carries its own unique solutions to meeting debt problems.

A Chapter 7 bankruptcy eliminates many types of unsecured debt, such as credit card balances, medical bills, personal loans, and more. A person seeking Chapter 7 needs to show a court they cannot repay the unsecured debt, and the process can take up to four months to complete. First, however, they need to keep on track with mortgage and car payments to retain these assets.

Keenan said: “If you are behind on mortgage and car payments, then you may consider filing a Chapter 13 bankruptcy. This gives you the ability to catch up on your past payments over a three to five year period. If you cannot afford to repay any unsecured debt during the repayment plan term, then at the end of your case, any unsecured debt would be eliminated.”

However, if you can repay unsecured debt, you would need to repay a portion over a three to five year period. Any unsecured debt balance that remains after completing your repayment plan will be discharged.

Keenan said: “Bankruptcy is a solution to those who have lost their jobs or businesses due to COVID-19. However, you still have bills to pay, but due to COVID-19, no way to pay them.

This is the type of circumstance bankruptcy was created to address by eliminating debt and enabling people to get back on their feet.”

Source: http://RecommendedExperts.biz

Contact Info:
Name: Bryan Keenan
Email: Send Email
Organization: Bryan P. Keenan & Associates
Address: 993 Greentree Rd #101, Pittsburgh, PA 15220
Phone: 412-922-5116
Website: https://bryankeenanattorney.com

Source: MM-REB

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