Covid-19 has severely impacted the United States economy. An economic recession caused by the worldwide public health crisis is underway. With this downturn individuals are contemplating now more than ever filing bankruptcy and seeking financial relief. Call us today and set up your free phone consultation to see if filing a Chapter 7 bankruptcy can provide you with relief during these difficult times.

Unemployment and Chapter 7 Bankruptcy

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Unemployment and Chapter 7 Bankruptcy

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Melbourne Chapter 7 bankruptcy attorney


With the Covid-19 pandemic continuing into 2021, many families are still struggling with unemployment. Whether you lost your job due to the pandemic or you needed to quit your job for child care or medical purposes, losing that income can be devastating for your household finances.

Any period of unemployment can destroy your financial situation in many ways. First, you can tear through your savings quickly. Many people try to keep up with their bills by relying on credit cards, but then they find they quickly have maxed out credit card bills to pay on top of their housing costs and other expenses. It does not take long before the debt becomes overwhelming and your family is in danger of being evicted, losing your home or cars, having lawsuits filed and wages garnished, and more.

Fortunately, you do not have to dig yourself out of the debt hole on your own. Once you are employed again, it can still be near impossible to eliminate many of the debts you accrued during unemployment. This is where Chapter 7 bankruptcy might be the best option.

Chapter 7 bankruptcy can:

  • Immediately stop all collection activity, including lawsuits, foreclosure, repossession, eviction, utility shut-offs, garnishments, and more
  • Discharge your unsecured debts, such as credit cards, personal loans, and medical debt
  • Take minimal property from you in return, especially if you have limited assets and have the right assistance applying exemptions

Many people who experienced unemployment during the pandemic will likely seek relief from debt by filing a Chapter 7 case.

Contact an Experienced Melbourne Chapter 7 Bankruptcy Lawyer

If you are wondering about your debt-relief options, don’t wait to speak with a Melbourne Chapter 7 bankruptcy attorney at Harnage Law, PLLC. Contact us online or call 321.549.7886 so we can assess the best option for you and your family.