Top-Rated Bankruptcy Attorney Bryan Keenan Explains Debt Relief Options If You’ve Suffered COVID-19 Loss Of Income – Pittsburgh, PA

Leading bankruptcy attorney Bryan Keenan, founder of Bryan P. Keenan & Associates, PC in Pittsburgh, PA, discusses available options to relieve debt for anyone who has lost income during COVID-19. For more information please visit https://bryankeenanattorney.com

Pittsburgh, PA, United States – February 28, 2021 /MM-REB/ —

In a recent interview, leading bankruptcy attorney Bryan Keenan, founder of Bryan P. Keenan & Associates, PC in Pittsburgh, PA, discussed available options to relieve debt for anyone who has lost income during COVID-19.

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

When asked to comment, he said, “There’s no doubt that COVID-19 has affected nearly every aspect of our lives, with the most significant being a loss of income. Whether it’s from a loss of employment or simply a loss of income, millions of Americans have become increasingly concerned about their finances. Here are some options to help lift this burden.”

According to Keenan, provisions provided under the CARES Act could offer debt relief to many.

“The CARE Act is more than the stimulus payment as it also includes extended unemployment insurance through your state for those who have lost their jobs, as well as loan programs for independent contractors and small business owners,” he said.

Keenan was quick to add that the aid offered with the CARES Act could help keep someone’s head above water but doesn’t do much in the way of eliminating debt.

“For those who have lost all or a significant portion of their income due to COVID-19 and are losing sleep due to the debt they’re in, filing for a Chapter 7 bankruptcy might be the best debt relief option going forward,” he said.

A Chapter 7 bankruptcy places an automatic stay on creditors and eliminates debts – such as car and
bank loans, credit cards, medical bills, among more.

“Bankruptcy is intended to provide you with a fresh financial start, particularly in situations, such as a global pandemic, that are beyond your control. What bankruptcy does – if done correctly and at the right time – is allow the filer to take back control of their finances,” he stated.

“There’s no question that Chapter 7 goes a long way in wiping your debt slate clean, however it’s important to account for the living expenses that you will still be responsible for after filing – and whether or not you can afford it. Once you’ve filed for Chapter 7, you won’t be able to apply for bankruptcy again for 8 years,” he said.

“To understand whether or not a Chapter 7 bankruptcy is the right move for your particular situation at this time, make sure to consult with an experienced bankruptcy attorney.”

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

Release ID: 88998538