COVID and Coronavirus is going to force many health care practitioners including Podiatrists to have to declare bankruptcy. The American Family Physicians Organization calculates 25% of their members may end up having to declare bankruptcy due to COVID or Coronavirus. Podiatrists will not be immune to this virus or the cost. Now the key decision you want to make before declaring bankruptcy is whether you want to shutter your Podiatry practice or not.
Also do not go on the cheap. If you are declaring bankruptcy, do not go with a $100 lawyer bankruptcy. You need a real attorney that will sit you down and go through the unique aspects of your bankruptcy. Being a Podiatrist you will have to choose between filing Chapter 7, Chapter 11 or Chapter 13. This article does a good job of explaining. When it comes to Podiatrists you almost always want to declare Chapter 7:
http://www.chapter7-11.com/dallas%20bankruptcy%20doctors.html
I need to emphasize you are not alone. Many doctors ,not just Podiatrists, will have to declare bankruptcy due to COVID. Here is a story of a doctor that had to declare bankruptcy pre-Coronavirus:
Here is an article specifically about why COVID will cause many bankruptcies for Podiatrists: