A lot of people are panicking because they are finding themselves plunged into a financial crisis for the first time because of the coronavirus (COVID-19). Even if you are not alone in this, going through a financial pitfall is stressful and often disheartening. The good news is that you do have financial options out there, whether they be from government assistance and COVID-19 exceptions or through learning new financial skills. However, if your financial situation has worsened into bankruptcy, do not hesitate to seek help from an experienced Tennessee bankruptcy attorney.
Options When You Are Behind on Tennessee Bills
Falling behind on Tennessee bills can be distressing, especially if you have low financial assets. Whether you are having trouble making payments on time for your rent, house, student loans, utilities, or credit cards, the COVID-19 situation has presented the public with some unique options. However, some of these options may only be available until December 31st.
If you cannot pay your rent on time, then you may not have to worry about being evicted because the Center for Disease Control (CDC) has placed a halt on evictions until December 31 to prevent spreading the coronavirus. However, you have to take a few steps before you can have this option. You and every adult living with you need to provide your landlord a declaration that explains how you have used every financial resource available and still cannot make rent.
When you cannot pay utilities, call your utility company and ask about a repayment plan and any other options. If your issue is Tennessee student loan payments, you do not have to worry about this because all student loan payments have been halted until January 31, 2021. You will have to talk with your creditors if you are behind on your credit card payments to see if they have made any exceptions with the CARES act.
Tennessee Financial Assistance Options for COVID-19
You can also look into Tennessee COVID-19 government assistance programs that are designed to help people who are struggling financially as a result of the pandemic. If you look in the right places online like on Benefits.gov, you should be able to find resources for healthcare, food and nutrition, unemployment assistance, information on the next stimulus check, and business resources.
There are several unemployment resources that might be able to help you like unemployment insurance and unemployment assistance. What unemployment insurance does is offer financial aid for people who lost their job for reasons other than their own. A few healthcare resources include COBRA Continuation Coverage, Medicare, and Medicaid. The next stimulus check package is believed to be released soon and you can find more information on this online and on the IRS website.
Bankruptcy Attorney in Chattanooga, TN
Recovering from the financial hardships of the pandemic is not easy. Try talking with our legal team in Chattanooga, Tennessee, and North Georgia if you have concerns about bankruptcy. You can contact Tom Bible Law today at (423) 424-3116 to speak with a Bankruptcy lawyer in Tennessee for a free consultation. Our legal team of Tennessee bankruptcy lawyers is located in Chattanooga, Kingsport, and Tullahoma.