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Stroupe & Snyder Attorneys at Law | North Carolina Lawyers2020-05-14T21:50:12+00:00

IMPORTANT COVID-19 UPDATE

Bankruptcy and the Coronavirus/COVID-19

If you are experiencing a loss of income or an increase in expenses as a result of the COVID-19 pandemic, bankruptcy may be a good option to help you reorganize your finances, keep your property, and regain secure financing footing as you endure this crisis and its aftermath.

Certain measures have been implemented by the federal government to help people during this time.  These measures include stimulus payments, supplemental unemployment benefits, and mortgage payment relief for federally backed mortgages.  However, the magnitude of this situation is far more severe that anyone anticipated, and these short-term benefits may not provide relief for every financial situation, particularly for those who were already experiencing financial difficulties prior to the pandemic.  In addition, many families have had to incur additional debt to finance living expenses during periods of job loss or business closures.  These debts will be difficult for some to repay, even when their income resumes.

Bankruptcy can offer help in these difficult times and provide much needed relief.  People often hear the work “bankruptcy” and think of it as a last resort, or that it will do more harm than good.  People do not realize the benefits that bankruptcy can provide and are unaware of how bankruptcy actually works.  If more people did know the options available through bankruptcy, more people would consider it as a viable and effective means of restructuring their finances and regaining financial security.  Bankruptcy can be particularly beneficial for families whose income and finances have been affected by the COVID-19 pandemic.  It can help them keep property that they are at risk of losing, allow them to eliminate some debts while reorganizing other debts, and develop a plan that will allow them to recover from the financial hardships they have suffered.  Bankruptcy can stop creditors from calling and harassing you, stop creditor lawsuits, and stop repossessions and foreclosures.   I have heard stories of people draining their 401(k) accounts to pay debts during this time.  Bankruptcy could offer a means of dealing with debt without resorting to withdrawing from retirement accounts and spending the money you have worked so hard to save for the future.  In addition, bankruptcy can be a stepping stone to rebuilding credit in far less time than most people realize.

If your income has been impacted by the COVID-19 pandemic and if you are curious about the relief that a Chapter 7 or Chapter 13 bankruptcy can provide, please contact us to schedule a free consultation.  We offer several options for conducting consultations while also following CDC recommendations to prevent the spread of COVID-19.  We look forward to offering you some much needed assistance during this difficult time.

North Carolina Lawyers

STROUPE & SNYDER LAW OFFICES

Experienced lawyers serving all of central North Carolina.

 

The Law Offices of Stroupe & Snyder, North Carolina Lawyers with offices located in Reidsville, Kernersville, and Southern Pines, focus on the areas of law that we see are most important and needed in our community. To excel in our practice and better serve our clients, we are well versed in a variety of related legal matters.

We offer free consultations in a relaxed, friendly environment to help our clients understand the full scope of their legal situations and what options are available to them. The Law Offices of Stroupe and Snyder have over a decade of combined experience in legal matters pertaining to bankruptcy (Chapter 7 and Chapter 13), immigration, social security disability, estate planning and administration, and more . Call any one of our offices Reidsville – Phone: (336) 348-1241Kernersville – Phone: (336) 992-7030Southern Pines – Phone: (910) 246-0800  or click here and fill out the form to request your FREE consultation.

North Carolina Lawyers

OUR TEAM

We aren’t your average law firm. We offer experienced, dedicated, compassionate legal representation for our clients. Our attorneys understand that our clients come to us at difficult times in their lives and that they deserve to be treated with kindness and respect.

North Carolina Lawyers

OUR MISSION

At Stroupe & Snyder, we seek to provide quality legal representation while also providing our clients with local, hometown service. We take pride in providing our clients with diligent representation and we work hard to help alleviate some of the burdens and hardships our clients are facing.

North Carolina Lawyers

OUR LOCATIONS

North Carolina Lawyers serving our community with three convenient locations:

Reidsville – Phone: (336) 348-1241
Kernersville – Phone: (336) 992-7030
Southern Pines – Phone: (910) 246-0800

OUR AREAS OF EXPERTISE

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LET’S WORK TOGETHER

North Carolina Lawyers who work as a single united team with decades of combined experience that allows us to give our clients the highest quality advice possible.

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We’re here to help answer your questions. Judicial matters can be complicated, our experts are on hand to help inform you of every aspect regarding your topic.

We take great pride in using our expertise to find you the best possible outcome. Simply fill out the form to the right or click below to email us individually.

Email Cathy Stroupe
Email Brandi Snyder

    !IMPORTANT COVID-19 UPDATE! For More Information on Bankruptcy and the Coronavirus/COVID-19 CLICK HERE!