How to Protect Yourself in a Time of Financial Crisis

How can you best protect yourself when the national and local economies are rocked by unexpected disruptions?
Almost overnight, the spread of the COVID-19 coronavirus has decimated dozens of industries - food service, hospitality, retail, transportation, education, government and any business that relies on face to face interaction.
While the government is promising some relief and some creditors are offering short term deferments, the likelihood is that business will not return to normal anytime soon and that we have entered into a “new normal.”
So how do you respond?
As I discuss in this video, you can best protect yourself by being proactive and creative. Go online to learn of your creditors are offering payment deferment programs. If you see nothing on line, pick up the phone and call. Please also read my recent blog post about how to protect yourself in a time of global pandemic - www.thebklawyer.com/thebkblog...
Protect your cash at all costs and only pay who you have to pay until the immediate coronavirus crises wanes. If you fall behind on non-essential debts like credit cards or personal loans, so be it - we can deal with those problems later.
Also, look at the big picture. Our “new normal” will generate opportunities that can replace any lost income. Uber drivers may take part time work at retail stores using thermal scanners to monitor customers for fevers. IT professionals may focus less on setting up in-office networks and more about creating secure work from home environments.
Financial opportunities will arise from this crisis if you are alert to them. In the meantime, stay safe and feel free to reach out to me (Jonathan) or Susan Blum to discuss your personal situation. We can be reached by phone at 770-393-4985 or by email at [e-mail] (Jonathan) or [e-mail] (Susan). #covid-19 virus and finance #coronavirusandbankruptcy #personalfinanceadvice
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[@deborahtarawallie1391]

How will this affect chapter 13 if there is no income or reduced income?

[@atlantabankruptcy]

Here in the Northern District of Georgia, we are able to extend Ch. 13 cases by an additional 12 months and the trustees are not opposing deferments.