BISMARCK, N.D. - The impacts of the pandemic have forced many into financial hardship.<\/p>\n
Because of this, lawyers say they're getting ready for an influx of clients.<\/p>\n
Local lawyers say their expertise and experience could save you time and frustration during an already volatile situation. <\/p>\n
The novel coronavirus has brought with it unemployment, medical expenses and overextended credit: three factors common among people considering filing for bankruptcy. <\/p>\n
Lawyers say many people might be turning to them for solutions in the near future. <\/p>\n
\"I am probably expecting an increase and a lot more calls about bankruptcy. A lot of people just calling for information to see whether bankruptcy is a possibility for them,\" said Attorney Chad Anderson of Chad Anderson Law Firm in Bismarck.<\/p>\n
Anderson says lawyers can help people navigate through alternatives to bankruptcy or help choose which type of bankruptcy to file. <\/p>\n
He says they can guide you on a path toward healthy credit after the process is complete.<\/p>\n
While there's no immediate spike in local bankruptcy filings, data firm BankruptcyData reports about 200 more cases of Chapter 11 filings through March of this year than in 2019. <\/p>\n
The federal stimulus package is also geared toward an uptick of bankruptcies by offering relief to those who file.<\/p>\n
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Bankruptcy lawyers expect and increase of filings - KFYR-TV<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" BISMARCK, N.D. - The impacts of the pandemic have forced many into financial hardship. Continue reading