With voluntary and involuntary closures of businesses and the resulting job losses, many people, regardless of income level, will be faced with financial challenges over the coming months. Some will be faced with more challenges than others to be sure, but there is no doubt that many will face decisions on how to pay their bills, keep their house and car, and make it through this unprecedented time. The decisions you make now can affect have significant effect on your future.

Wide expereince, Narrow Focus!

Kalal Law will evaluate your specific situation and help craft a plan to minimize the impact of this most difficult time. Questions such as “should I withdraw from my 401(k) to pay my bills?”, “should I take out a home equity line of credit to pay off my credit card debt?” are some of the many questions we will discuss to evaluate what action you can take, such as renegotiating debts with creditors or filing for bankruptcy protection. 


Put My Experience on Your Side

Bankruptcy. Your Worst Case Scenario? Not Necessarily!

While we all want to pay back our debts, sometimes life gets in the way. Especially now, with the unprecedented effects of COVID-19, some of us find ourselves with very few options. My experience is that most people who are seeking bankruptcy protection did not set out to find themselves in a situation where bankruptcy was the best option. And sometimes, because of that or of the pride of previously paying back their debts in full- and on-time, people delay the consideration of bankruptcy until the very last second.

I would be kidding you if I said it was an easy decision to file and that Bankruptcy is for everyone. But, in troubled times I encourage clients to at least evaluate the option of bankruptcy as one of the alternatives they are considering, before it becomes their only option.

A well-timed bankruptcy can help keep your 401(k) or other retirement plan and the equity in your home intact. Further, while it is sometimes hard to imagine yourself on a sinking ship, bankruptcy is sometimes inevitable and by moving it forward in the process helps you keep some of what you have worked so hard to build.

What is Kalal Law Doing Regarding COVID-19

COVID-19 has brought many changes to our lives and Kalal Law is no exception. Almost all of our meetings are now done via skype, zoom, or even face time. We utilize advanced electronic signature software to allow remote signing from computers and cell phones. And, the U.S. Bankruptcy Court for the Northern District of Ohio accepts electronic filings, so clients could find they only have to make one trip from home to complete the entire bankruptcy process.