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U.S. business bankruptcies jumped in April

Submitted by Anonymous (not verified) on Thu, 05/07/2020 - 01:07

By: Howard Schneider | Reuters  May 5, 2020
From: stltoday.com

WASHINGTON — Overall U.S. bankruptcy filings fell in April compared to the year before, a possible sign the massive Federal Reserve and government response to the coronavirus pandemic may have helped stave off economic damage, or at least provided enough hope to families and firms to try to wait it out.

10 Changes In Consumer Bankruptcy Since COVID-19 And The CARE Act

Submitted by Anonymous (not verified) on Fri, 05/01/2020 - 19:17

April 29, 2020
From: JD Supra
By: Kathleen Muthig; Haynsworth Sinkler Boyd, P.A.

As the COVID-19 pandemic marches on, more homeowners than ever are seeking assistance from their lenders.

When Does a Small Business File for Bankruptcy? And 8 More Questions New York Times May 1, 2020

Submitted by Anonymous (not verified) on Fri, 05/01/2020 - 17:47

When Does a Small Business File for Bankruptcy? And 8 More Questions

The coronavirus is expected to permanently shut millions of small businesses in the next several months. Here are issues for owners to consider.

Garnishment of SS for student loan default suspended

Submitted by Anonymous (not verified) on Thu, 04/30/2020 - 16:19

Published: April 28, 2020

From: Overton County News

The Trump Administration has put a timely halt on the ability of the government to garnish Social Security benefits to pay for defaulted student loans for an indefinite period during the COVID crisis, reports Association of Mature American Citizens [AMAC].

Do I have to pay back my $1,200 stimulus check?

Submitted by Anonymous (not verified) on Wed, 04/22/2020 - 00:11

Don’t fall for these five myths about the stimulus payments
 Published: April 21, 2020From: MarketWatchBy: Andrew Keshner
https://www.marketwatch.com/story/do-i-have-to-pay-back-my-1200-stimulus-check-dont-fall-for-these-five-myths-about-the-stimulus-payments-2020-04-18

Can Debt Collectors Steal Your Stimulus Check?

Submitted by Anonymous (not verified) on Tue, 04/21/2020 - 16:13

The CARES Act neglected to protect people from creditors, but some lawmakers are working to correct that.

April 16, 2020
From: The Motley Fool
By: Dan Caplinger

The coronavirus crisis is causing severe financial pain across the U.S., where tens of millions of people have lost their jobs and filed for unemployment benefits in just the past month. For those who have lost income, a federal stimulus check could be vital to their financial well-being right now.

What Really Happens When You File for Bankruptcy

Submitted by Anonymous (not verified) on Fri, 04/17/2020 - 21:04

April 17, 2020
From: twocents.lifehacker.com
By: Kristin Wong and Lisa Rowan

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