It’s been a good run. Since the Great Recession, the economy has hit record levels of unemployment and most Americans find themselves better off than they were at any time in the past dozen years or so.
That was last week. This week, we’re facing an unprecedented pandemic, the stock market is doing things it hasn’t done in more than a hundred years (bad things) and hundreds of thousands of people have already filed for unemployment benefits in the first two weeks of the nationwide shutdown.
The short-term outlook is bleak, but we will make it through to the other side – as we did in the Great Recession, and as we did in every prior recession and depression, every natural disaster, and every other major disruption to daily life. For many, the path forward will include dealing with the obstacles of debt and ruined credit. If you’re considering bankruptcy, we hope you’ll give us a call and we’ll talk through the process, your options and alternatives, and what you can expect moving forward.