A common misconception is that bankruptcy is a result of poor financial decisions when more often than not, bankruptcy is caused by unfortunate circumstances outside of our control.
A job loss, divorce, unexpected medical bills, or as we’ve seen recently, a global pandemic, can all wreak havoc on individual or family finances, leading many to consider bankruptcy protection as a strategy to get back on their feet.
It is estimated that between 800,000 and 1.5 million Americans file for bankruptcy protection every year, and, with many more are expected to file for bankruptcy protection in the coming months as the pandemic unwinds.
When an individual, family or small business owner is considering bankruptcy protection as a strategy to financial recovery, it is important to work with an experienced bankruptcy attorney who not only has experience handling Chapters 7, 13 and Chapter 11 business bankruptcy cases, but an attorney who puts the best interest of their clients first.
When you are going through a difficult financial situation and have questions about the bankruptcy process and whether it would be a good strategy for you and your family, contact the Peoria bankruptcy law offices of Charles E. Covey for immediate assistance today at 309-674-8125.