What Affect Does COVID-19 Have on Bankruptcy Cases?

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What Affect Does COVID-19 Have on Bankruptcy Cases?

In recent months, we have seen how drastically the new coronavirus has impacted our lives, whether directly or indirectly. Because in most cases, courts across New Jersey have closed for all non-essential matters, you may find your bankruptcy case will be affected, or at least interrupted, by the pandemic. Please continue reading and speak with our knowledgeable New Jersey bankruptcy attorney to learn more about how your case may be affected, and how we can help.

  • If you are currently going through the bankruptcy process, you can expect your hearings to move to remote-based hearings. Though some bankruptcy courts are still open, you will more than likely find your bankruptcy hearing will take place over the phone/Skype or another video conferencing program. That being said, if you have not yet filed and are ready to do so, you may still file, and our New Jersey bankruptcy attorney can help.
  • A critical part of every bankruptcy case is attending the meeting of creditors, or the 341 meeting. These meetings may be either postponed or conducted over the phone, in most cases. Unfortunately, this does mean that if your 341 meeting is postponed, so will the discharging of your debt.
  • Fortunately, in New Jersey, a bill was recently passed that suspends evictions and residential foreclosures, modifies/extends the terms of certain mortgage payments, and bars landlords from raising the rent on their tenants for the remainder of the pandemic.

If you would like to know more information about how the recent COVID-19 pandemic may affect your bankruptcy case, please do not hesitate to reach out to our experienced New Jersey bankruptcy attorney today. We are here to help you through these unprecedented times.

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CONTACT AN EXPERIENCED EDISON, NJ BANKRUPTCY ATTORNEY

We hope this guide was helpful. Though we created this guide to inform and demystify the notion of filing for bankruptcy, the truth is, there is no substitute for a seasoned New Jersey bankruptcy attorney. Attorney Velasco has been helping individuals in situations just like yours for years, which is why you can feel confident knowing he has the experience needed to do the same for you. If you believe you are ready to file for bankruptcy, contact the Velasco Law Office today. We look forward to serving you.

About the Firm

Juan Velasco, Esq. has over 25 years of experience passionately practicing law. Juan Velasco provides legal counsel to individuals, corporations, and institutions concerning substantial legal and financial matters.

Velasco represents clients in formal and legal proceedings, including negotiations to ensure amicable settlements that benefit their needs. He has over 2 decades advising clients concerning legal options available in complicated transactions. Mr. Velasco has drafted countless contracts and supporting documents for his New Jersey clients. He responds to inquiries, assisting clients in determining the most favorable position. He also provides legal guidance concerning appropriate business actions.

 

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1870 Route 27 – Suite 202
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Our offices are conveniently location on Route 27 in Edison, New Jersey, Attorney Velasco is ready to actively protect your interests. If you are in need of a passionate and effective lawyer, contact Velasco Law Office.




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