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COVID-19 Pandemic and Its Effect on Our Community’s Finances

In March 2020, Arizona Governor, Doug Ducey, implemented a stay-at-home order that requires non-essential businesses to close while our communities grapple with the COVID-19 pandemic.

The Stay home, Stay healthy, Stay connected policy outlines the restrictions necessary to help slow the spread of the virus and focus on the physical safety of each individual and family throughout the state.

While the health and well-being of our residents is the priority, our Tucson bankruptcy attorney understands that the COVID-19 pandemic is far-reaching, and is affecting each part of our lives differently.

One major effect of the virus is the financial repercussions caused by most of our population who are currently out of work and those who may continue to be for an unspecified amount of time going forward.

These are extraordinary times. And our bankruptcy attorney, Eric Ollason, can provide answers to some of your most pressing financial questions even during the mandated shut down.

Our Arizona bankruptcy law firm is working at full capacity and will provide free initial consultations remotely to deliver solutions for those who are facing the financial unknown.

Simply contact our experienced Tucson bankruptcy attorney today to discuss your needs, without leaving the safety of your home.

How Is COVID-19 Affecting Finances Throughout Arizona?

With many businesses unable to operate during the COVID-19 pandemic, countless employees have been laid off or released completely as a result.

This means families across the state are now strapped with their existing expenses — and the additional cost requirements necessary to safely quarantine — but no income to pay for them.

Each person’s financial support during this pandemic is different. While some are dependent on unemployment income others are using their hard-earned savings to minimize their income gaps, while others are gaining financial support from family members. No matter how you are getting through this financial crunch, one thing is certain — your debt is unfortunately not going to disappear.

While some lenders, property owners, and other financial institutions are offering temporary relief for mortgage and rent payments during this difficult time, debt forgiveness is not a part of the support plan.

How Can A Tucson Bankruptcy Attorney Help Provide Financial Solutions?

Falling behind financially can cause extreme stress, which is compounded by the current virus and its ongoing effects that are completely out of your control.

One thing you can control is how you address your debt as a result of this difficult time.

Our Tucson bankruptcy attorney provides real-time solutions for our residents, which can include:

Once the health crisis begins to show signs of improvement, it will not take creditors long to return to their previous stance of collecting debts by any means necessary.

These difficult times can place anyone if financial trouble, no matter how hard you try to keep up. We have solutions that stop garnishments and creditor harassment and halt foreclosures and repossessions.

If you are looking for financial solutions, contact our Pima County bankruptcy attorney today by calling (520) 791-2707 to discuss your needs. We are working hard to provide financial solutions during this difficult time by providing our complete services remotely, so we can outline a unique strategy to fit your needs. Contact us to learn more about how we can help while keeping you safe.

 

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