Bankruptcy Rights Prevail in Times of Uncertainty!
Cisowski Law April 24 Newsletter
Use Your Bankruptcy Rights During the Economic Slowdown
With millions unemployed as a result of the Covid-19 pandemic, we are fortunate to have a federal right to declare bankruptcy. Some lenders are granting leniency and deferring payments for a month or two, but others have been more aggressive as the payments slow.
In Carter, Washington, and Sullivan Counties in Tennessee, lawsuit filings for overdue medical, credit card, and personal loan debts have continued. With the economic slowdown, this is bad news for debtors.
Now more than ever should Bankruptcy be a real consideration. It is spelled out in the Constitution and has been a federal institution since 1800.