Individuals and businesses alike have been affected by the coronavirus. Whether you started 2020 with accumulated debt or have come into serious debt because you got cut off from a job, experienced wage cuts, illness, or death of a wage earner in your family, you might need the help of a bankruptcy lawyer in Harwood, MD. Should you struggle to make ends meet, know that you have legal remedies available to help you ease or get rid of debt.
A bankruptcy lawyer in Harwood, MD can provide you with the help that you need. Lawyers in this field are knowledgeable in ways to resolve your problem, so you can get back on your feet.
Federal and State Governments have come up with solutions to help individuals who are struggling financially during the coronavirus outbreak. They have taken steps so that individuals and small businesses can stay afloat. However, often, government support may not be enough. The government has provided interventions to help Americans, including:
- Extending unemployment insurance benefits
- Sending stimulus checks to couples and individuals
- Payment Protection Programs (PPP) for small local businesses
- Increasing federal Medicaid and food-security spending
- Suspending student loan payments until September 2021
- Offering forbearance on foreclosures, evictions, water, and utility shutoffs
However, despite these interventions, many individuals who are still in debt only see this as a postponement for what’s to come.
Often, when they are faced with the inevitability of debt collection, individuals will expect the following:
- Foreclosure because you are no longer able to keep up with your mortgage payments
- Wage garnishments that take an ongoing percentage of your salary as debt collection
- Judgment liens that are claims against your home or property when it is sold
- Bank account levy when a financial institution takes your property as payment for your debt
- Default judgments in which the court has ruled in favor of your creditor
This is how our bankruptcy lawyer in Harwood, MD can help you.
When you’re feeling overwhelmed by your accumulating debt, you don’t have to go through these struggles alone. You can turn to our bankruptcy lawyer to help you. Here’s how he can help:
- Protect your rights under the Fair Debt Collection Practices Act (FDCPA), which includes preventing creditors from using any false, misleading, or deceptive presentation.
- Help you find proactive solutions to pay off your debt while still supporting yourself and your family.
- Work out a long-term repayment plan that relieves immediate pressure on you and is customized to fit your income.
- Negotiate with the creditor to lower the interest rate.
- Make sure that the debt collector is following the pertinent legal changes that apply during the coronavirus pandemic and permitting any available hardship programs to be used to protect you.
How Baneylaw P.C. Can Help You
If you are still struggling financially due to the economic downfall, we can help you with learning about the programs available to you for debt relief. Baneylaw, P.C. is knowledgeable on debt collection and bankruptcy law and has helped numerous individuals in settling their debt with creditors in a way that will be easier for them to bankruptcy lawyer harwood md pay off.
For more information about our legal services, feel free to get in touch with us today.