Articles from The BK Blog

If you have lost your job due to the coronavirus crisis, you are likely in survival mode. Your immediate goal should be to “shelter in place” to protect your health and that of your family. Beyond that, whatever funds you have need to be allocated to food and shelter.But what about transportation? Is your vehicle at risk of repossession even in a time of national emergency? What steps can you take to protect your car or truck?Your first course of action should be to find out how your vehicle lender intends to handle what is likely to be an increase in delinquencies.

Recently I received an email from a woman who filed bankruptcy several years ago and who recently discovered that her lawyer had not requested or filed a reaffirmation agreement. She has been current on her mortgage before, during and after her bankruptcy but because there was no reaffirmation agreement filed, the mortgage lender is not reporting her on-time payments to the credit bureaus.She would like to rebuild her credit and believes, correctly, that on-time mortgage payments would be a big help to improving her credit score.

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 the video

How should you handle your creditors if you experience an unexpected drop in income, a layoff or loss of that part time job that was keeping you afloat?In March, 2020, the economy in Georgia and throughout the United States took a huge hit with the spread of the COVID-19 corona virus.