The average American is not able to meet financial emergencies in the best of times
Half of all Americans are unprepared for financial emergencies. Events such as family breakup, job loss, and medical issues are the usual causes of bankruptcy. Adding to these pressures is the fact that this is, of course, not the best of times. Tens of millions of Americans have lost their jobs or had their hours cut.
The Ripple Effect is far and wide
Even if you haven’t lost your job, you may see an increase in expenses. Many parents, for example, have seen their grocery bills go up if they have children home from school. Parents of grown children may need to help their children or grandchildren. These examples show that even everyday expenses can go up in unforeseen ways.
Companies may sound nice, but do not care
You may see ads on TV where companies say how much they care and that we are all in this together. Do not mistake an ad slogan from reality. A company is not a person. It does not have feelings. You do not owe “them” money, you owe “it” money.
Lawsuits and Collection Actions still take place
I see firsthand that companies are still filing lawsuits, even garnishing paychecks and bank accounts. If you cannot meet your bill payments, or you see the writing on the wall about future problems, your first responsibility is to protect yourself and those you care about.
Help is available even during this pandemic
Legal services and courts are considered essential. I offer telephone consultations and continuing contact by phone, email, and other electronic means. The bankruptcy courts are open for business as well, and currently offer remote capabilities, to avoid unnecessary contacts.
Peter Blinn
For over 35 years, listening to clients and putting them at ease, while finding solutions and helping achieve future goals, in Marion County, Lake County. Citrus County, Sumter County, and The Villages.
