Leading Bankruptcy Lawyer Bryan P Keenan, founding partner of Bryan P. Keenan & Associates, PC in Pittsburgh, PA, discusses the necessary steps to clear debt away after an eviction moratorium is lifted. For more information please visit https://bryankeenanattorney.com
Pittsburgh, PA, United States - November 29, 2020 /MM-REB/ —
In a recent interview, Bryan P Keenan, founding partner of Bryan P. Keenan & Associates, PC in Pittsburgh, PA, discussed the necessary steps to clear debt away after an eviction moratorium is lifted.
For more information please visit https://bryankeenanattorney.com
When asked to comment, Keenan replied, "An eviction moratorium doesn't mean that you can simply move or that your debts will be magically cleared away. Once the eviction moratorium ends at the end of the year, anything you owe - whether its mortgage or rent payments - will be due. Here is what you can do to address your debt."
It’s important that anyone who has housing debt tackle the problem head on.
“Whatever you do, don’t brush aside your housing debt. Ignoring the problem will make it worse. A collections lawyer will go after you in an attempt to get the money you owe. Furthermore, creditors will stop at nothing - including wage garnishment and seizure of assets - until the debt has been repaid in full,” he said.
“Furthermore, you would not only be required to pay your housing debt but also fees for the collections attorney and related court costs. This really is a battle you don’t want to be fighting, particularly during the COVID-19 crisis,” he said.
One of the best steps to take, according to Keenan, is to get one step ahead of the debt and declare bankruptcy.
“Even though the eviction moratorium doesn’t expire until the end of this year, it would be a good idea to begin the bankruptcy process early. There are a couple of reasons for this. The first being that it might take a while to get all the required documents in order to file for bankruptcy and to address any possible complications that the case might present,” he said.
“The second reason to begin the bankruptcy process before the eviction moratorium ends is so you can file at the right time. It’s likely that the bankruptcy courts will experience a backlog of cases when everyone begins filing in the new year,” he said.
Keenan was quick to add that making the decision to file for bankruptcy can eliminate worries and concerns about what will happen once the moratorium ends.
“If there’s ever a time for a fresh start, it’s now. COVID-19 has negatively impacted the livelihoods of millions of Americans and left many people in debt. Bankruptcy will wipe your debt slate clean and provide you with peace of mind during these unprecedented times,” he said.
Source: http://RecommendedExperts.biz
Contact Info:
Name: Bryan Keenan
Email: Send Email
Organization: Bryan P. Keenan & Associates
Address: 993 Greentree Rd #101, Pittsburgh, PA 15220
Phone: 412-922-5116
Website: https://bryankeenanattorney.com
Source: MM-REB
Release ID: 88986228
