When Should You File for Bankruptcy

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At Sadek Bankruptcy Law Offices, we realize that every situation is different. Our debt relief lawyers will take the time to learn about your situation and your goals. Our objective is to explain your legal options and offer the best debt relief strategy for you in the most compassionate and friendly manner possible. Call 24/7 to schedule your meeting with a lawyer.


Our office understands the financial stress our clients endure. Therefore, in addition to reasonable legal fees, we offer a payment plan to all of our valued clients to make quality legal services most affordable.


In addition to our primary law office in Center City, Philadelphia, we also have law offices throughout the Greater Philadelphia, Pennsylvania Area and in New Jersey. Our branch offices have contributed to making us the #1 Bankruptcy Filer and debt relief firm in the Greater Philadelphia area. Our goal is to have a convenient location within 20 minutes of where our clients work or reside.

When Should You File for Bankruptcy

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The idea of filing for bankruptcy can seem unpleasant, especially in these uncertain times. As our world is ravaged by COVID-19, you are probably grappling with the right way to maintain your finances and keep from getting further into debt. 

At this point, simply trying to survive the pandemic might be all you are focusing on. But there are solutions that can help you deal with the current economic environment and secure your financial safety. 

You may be thinking, is the middle of a pandemic really the best time to consider taking such a big step? when is the right time to file for bankruptcy? We’re happy to help you answer these questions and understand when pursuing a bankruptcy would be the best course of action!

How Does COVID-19 Change Bankruptcy? 

The pandemic has changed almost everything about our lives, however, it has not slowed the ability of those in need of financial help to be able to file for bankruptcy.  Chapter 13 bankruptcy filings are still happening in full-force, although they are no longer being held in-person. If you are struggling to pay your existing bills, you can still pursue a better payment plan and work to eliminate your debt despite current chaos. Since these proceedings are now done through calls and video conferences, you can still practice safe social distancing and maintain both your health and finances.    

Is Now a Good Time to File?

The coronavirus outbreak can make it difficult to pay your bills. Families across the country are grappling with difficult financial decisions due to layoffs, reduction in resources, and quarantine orders. It can be easy to simply get caught up in the unfolding pandemic and let growing debts mount. We understand the challenges that you are facing!  While you may have no control over your situation or the amount of money that you currently make, you can take action to start lowering your debt load now. While other people may find themselves getting deeper in debt as they struggle to keep up with existing bills, by filing for bankruptcy you can take control and have a payment plan in place that is both manageable and moves your family toward financial freedom at the time you need it most – now.   

When Should You File for Bankruptcy?

If you are facing financial struggles and wondering when you should file for bankruptcy, the answer is most definitely sooner rather than later!  While the world as we know it will return, there are likely to be uncertain times in the future.  By getting your finances in order through a Chapter 13 bankruptcy, you can endure any difficult times knowing that you and your family are secure. Having your debt under control through bankruptcy makes it possible to start planning for a brighter future. 

See also: Steps Prior to Filing for Bankruptcy

We Can Help

With all that’s going on in the world, your finances should be the least of your concerns!  Contact us today to discover how you can file for bankruptcy and recover your peace of mind.  Our team will help you understand your options and work with you to help you feel your relief, all while maintaining safe social distancing methods.  We will work to get you through the pandemic and provide you with the best financial outcome! 

The attorneys at Sadek Bankruptcy Law Offices have handled thousands of Bankruptcy cases in Philadelphia and the surrounding counties of Montgomery, Delaware, Bucks, and Chester. We are also licensed in the State of New Jersey. Contact us today to schedule your free consultation at 215-545-0008. 

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