Legal Junkies Forums

#1 Community for Legal Questions and Answers

 
Go Back   Legal Junkies Forums > BANKRUPTCY and DEBT COLLECTIONS > Consumer Bankruptcy

Register FAQ Tags Members List Search Today's Posts Mark Forums Read Layout

Notices


Reply

 

Thread Tools Search this Thread Rate Thread Display Modes
Old 05-10-2020, 06:23 AM   #1
EBLAST
Junior Member
Country:  
EBLAST's Flag is: United States
 
Join Date: May 2020
Posts: 1
Default Bankruptcy during virus crisis

My daughter is preparing to declare bankruptcy.
But is not better to wait right now?
I mean there is always a chance a cure could be found or they extend unemployment or the bankruptcy rules change to fit the crisis, or whatever.

I just think the situation is too unclear right (and changing) now to be making long term decisions RIGHT NOW. Wait a few months at least, nothing is really going to happen that would harm her THAT much.

Am I being unreasonable or incorrect in this advice to her?
EBLAST is offline   Reply With Quote


Did you find this post helpful? Yes | No
Old 05-11-2020, 04:39 AM   #2
Miranda77
Guest
 
Posts: n/a
Default Re: Bankruptcy during virus crisis

I think it really depends on HER circumstances.

If nothing is pressing then she can wait a bit but if she needs the automatic stay to become active and stop her creditors ASAP then she may want to file now.

She should review options with a couple of attorneys if possible and then decide who to use AND when.
  Reply With Quote


Did you find this post helpful? Yes | No
Old 05-14-2020, 02:01 PM   #3
Unregistered
Guest
 
Posts: n/a
Default Re: Bankruptcy during virus crisis

Give it 6 to 8 weeks if you can.
Too much is going on right now.
  Reply With Quote


Did you find this post helpful? Yes | No
Old 05-18-2020, 02:23 PM   #4
zaxx04
Guest
 
Posts: n/a
Default Re: Bankruptcy during virus crisis

I can't imagine how many bankruptcies there will be by the time this virus is over and done with.

It'll be one for the history books.
  Reply With Quote


Did you find this post helpful? Yes | No
Old 05-23-2020, 10:07 AM   #5
LKM 88
Junior Member
Country:  
LKM 88's Flag is: United States
 
Join Date: Mar 2018
Posts: 7
Default Re: Bankruptcy during virus crisis

Quote:
Originally Posted by EBLAST View Post
My daughter is preparing to declare bankruptcy.
But is not better to wait right now?
I mean there is always a chance a cure could be found or they extend unemployment or the bankruptcy rules change to fit the crisis, or whatever.

I just think the situation is too unclear right (and changing) now to be making long term decisions RIGHT NOW. Wait a few months at least, nothing is really going to happen that would harm her THAT much.

Am I being unreasonable or incorrect in this advice to her?
She should meet with a couple of lawyers to get quotes and to see if she really even needs bankruptcy.
There is so much government aid flying around right now there may be better or easier options.
LKM 88 is offline   Reply With Quote


Did you find this post helpful? Yes | No
Reply

Bookmarks

This thread has 4 replies and has been viewed 239 times


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:


Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads

Thread Thread Starter Forum Replies Last Post
My attorney has the China virus juniper5 Attorneys and Legal Ethics 10 04-24-2020 05:24 AM
Bankruptcy courts and closures for virus crisis GANT200 Consumer Bankruptcy 2 04-16-2020 08:11 AM
Local government malpractice during virus crisis? OPEN LOKK Consumer Complaints 6 04-13-2020 04:56 PM
Must girlfriend disclose if she has Zika virus det29 Other Healthcare Law Issues 46 08-01-2019 04:28 AM
Wife has the ZIKA virus TGY4 Other Healthcare Law Issues 3 09-03-2016 06:16 PM




All times are GMT -5. The time now is 05:47 AM.


Use of the Forums is subject to our Disclaimer. Copyright 2009-2020 by LegalJunkies.com