Millions of Americans have experienced a reduction in income or job loss altogether because of the coronavirus (COVID-19) crisis. You might be among those finding it difficult to keep up with your federal or private student loans, credit card bills, and other debts. Maybe you’re a small business owner having trouble meeting your debt obligations. If you're in dire financial straits because of coronavirus, different options might be available to you, like a forbearance or payment reduction. Or it might make sense to file for bankruptcy.
Here, you can learn about different options, including how to file for bankruptcy during the COVID-19 pandemic. And while you’re perusing your various options, be sure to learn how to steer clear of coronavirus scams.