During this uncertain time, a lot of us are worried not only about our health, but also about our personal finances. Burns & Hansen, P.A., can work with you to alleviate the stress you are facing, whether it is due to a sudden loss of income, an inability to pay your bills, issues in your family or no longer being able to compensate your employees.
Because of the coronavirus pandemic, millions of Americans will see an impact to their paychecks, whether through layoffs, furloughs, reduced hours or wage cuts. This affects people’s ability to buy necessities and to pay for and retain their homes and vehicles.
At Burns & Hansen, P.A., we can help you through these types of problems. We will work with you and present you with the option that makes the most sense for you and provide you advice on how best to allocate your resources.
Burns & Hansen, P.A., offers services designed to allow you to get back on your feet, including:
- Chapter 7 and Chapter 13 bankruptcies
- Debt consolidation;
- Creditor workout plans;
- Mortgage relief options (including those specifically designed to help homeowners through the coronavirus pandemic);
- Home loan modification;
- Foreclosure defense; and
- Short sales.
The pandemic has exacerbated many existing family situations, putting great strain on family members or even endangering them. Minnesota courts are prioritizing these urgent situations, and our firm is committed to helping people who are currently facing:
- Domestic violence, including partner and child abuse
- Coronavirus-related co-parenting challenges
- Other urgent family law situations
During these uncertain times, creating and updating your estate plan is essential. Whether it’s a will, a power of attorney or another instrument, our attorneys can make sure you have the critical documents that will reduce uncertainty for your family.
For Small Businesses
Many small business owners will be impacted with respect to both their personal finances and in their ability to pay their employees and keep their business operating. In response to the COVID-19 pandemic, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which allots billions of dollars in aid to specifically help small businesses, including $10 Billion for economic injury disaster loans and $350 billion for paycheck protection loans.
At Burns & Hansen, P.A., we can work with you and your business to:
- Determine the type of loan or loans your business qualifies for, and whether any portion of those loans is eligible for debt forgiveness;
- Assist in applying for federal assistance; and
- Serve as your advocate in getting you the benefits you need to continue to operate your business.
Demand for these loans will be high, so it is important you apply for the right type of loan for your business, and that you do it as soon as possible.
We are also able to assist with pandemic-related contract defaults, which can occur in construction, real estate and other areas.