We understand that many people are facing financial hardships, unlike anything they have faced in the past. You may be experiencing the following:
- Inability to pay your rent or mortgage
- Inability to pay your car loans
- Wage garnishments
- Inability to pay credit card or other loans
Many people are living paycheck to paycheck and the idea of missing weeks and months of paychecks can be scary. The massive increase in unemployment applicants has resulted in delays in getting financial assistance. This has resulted in an increased use of credit cards in order to pay for basic necessities, including food and medicine. Will I lose my house or my car? Will the credit card companies sue me? Do I need to file bankruptcy now?
Understanding your options can help you feel like you are in control of your financial future. We are here to help. Whether it is filing for a Chapter 7, 11 or 13 bankruptcy; representation in a foreclosure action; or exploring non-bankruptcy alternatives to manage your debt, the attorneys at Gregory K. Stern, P.C. have the knowledge and expertise to help.
Many mortgage lenders and credit card companies are offering deferred payments and the waiver of late fees and penalties for those affected by the Covid- 19 crisis. The first thing you should do if you are unable to make your monthly payment to your mortgage lender, car lender, or credit card company, is to contact your lender and let them know that you are unable to pay due to the Covid-19 crisis. They will explain what programs they have available and the application process to take advantage of these programs. You may be required to send your lender proof that your income has been reduced or eliminated – this may be a paycheck stub or a severance letter.
If your lender is either unwilling or unable to help you manage the payment of your bills, you should consider whether filing a bankruptcy is an option for you. Having attorneys with a combined experience of over 75 years, Gregory K. Stern, P.C. can answer all of your questions and address your concerns. We provide each of our clients with individualized service.
Gregory K. Stern, P.C. has Chapter 7 bankruptcy attorneys, chapter 13 bankruptcy attorneys and Chapter 11 bankruptcy attorneys that are available NOW to talk to you. If you need to file bankruptcy now, the bankruptcy court remains open for electronic filings for people living in Cook County/Chicago, Will County, DuPage County and Lake County.
The law firm offers FREE consultations. We understand the importance of staying at home during this crisis and we are doing everything we can to make ourselves available to you. We are currently offering telephonic consultations that can be scheduled at your convenience.