The COVID-19 pandemic has been hard on many of us. Due to shutdowns, many people were out of work and even lost their jobs with no way to find a new one or know if they will get their job back when everything opens back up. This uncertainty about where you’ll get the money to pay your bills is stressful and can lead to you exploring your options. While the stimulus checks provided some relief, for most people, they didn’t provide enough.
Because of that, one of the options you might be considering to get back on your feet is filing for bankruptcy. Even though this leaves a mark on your financial record, you could think it’s the only option you have to get your finances back in order after losing your income.
Let’s take a look at filing for bankruptcy, and how it might be a viable option after losing your income because of the COVID-19 pandemic.