Trusted Chapter 13 Attorneys in Fort Walton Beach Highlight Bankruptcy During COVID-19

Fort Walton Bach, FL. - Lewis and Jurnovoy, local attorneys in Fort Walton Beach, FL. As the coronavirus (COVID-19) sweeps the nation, the duo has been dedicated to providing the most up to date bankruptcy news. Bankruptcy experts are expecting to see a high number of landlords filing for bankruptcy in the upcoming months.

This predicted “tsunami” of landlords comes as a direct result of two major developments happening in the nation due to the pandemic. First, it is well known congress has prevented landlords from collecting on rent and mortgage to help those suffering from job loss due to the pandemic. While this may seem beneficial, it is having a very negative effect on landlords who are now unable to bring in any income.

Second, many retailers; including major retailers around the nation, are being forced to file for bankruptcy due to a decrease in shopping and overall spending due to job loss. When retailers file for bankruptcy they are then released for their extremely pricy lease, that typically extends out for numerous years. This trend is leaving landlords of shopping centers with nowhere else to turn besides bankruptcy.

Lewis and Jurnovoy are committed to being a affordable bankruptcy lawyers in Fort Walton Beach, FL even as the nation continues to adjust to a new normal. As waves of different industries starts to file for bankruptcy, Lewis and Jurnovoy are committed to keeping the local community up to date. The firm has been open in the Florida Panhandle for more than 20 years. The duo focuses on Chapter 7 straight bankruptcy cases, as well as Chapter 13 representing both individuals and sole proprietors in both areas. For more information on bankruptcy changes across the nation join Lewis and Jurnovoy for their weekly Bankruptcy Hour on Blab TV, showing every Tuesday at 7:00 p.m. Also check them out online at www.lewisandjurnovoy.com.