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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

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed by President Trump on March 27, 2020

Submitted by Anonymous (not verified) on Mon, 04/13/2020 - 19:31

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed by President Trump on March 27, 2020

NYC taxi fleet founded in the 1970s files bankruptcy amid coronavirus

Submitted by Anonymous (not verified) on Mon, 04/06/2020 - 17:30

April 1, 2020
From: NY Post
By: Thornton McEnery

A Brooklyn taxi operator who got his first medallion in the 1970s has filed for bankruptcy as the coronavirus ravages an already struggling industry, The Post has learned.

Joe Pross, who started driving a taxi in 1975 and now runs a fleet of 42 cabs, filed for Chapter 11 bankruptcy protection for his Crown Heights-based medallion company, Walker Service Corp., on March 27, court papers show.

Coronavirus Decimates N.Y.C. Taxi Industry: ‘The Worst It’s Ever Been’ New York Times March 25, 2020

Submitted by Anonymous (not verified) on Sun, 03/29/2020 - 19:51

There are so few travelers left at Kennedy International Airport, one of the world’s busiest airfields, that taxis wait six hours or more for a single passenger.

Taxi companies can no longer find enough drivers for their fleets because there is so little business.

And some cabdrivers are so fearful of being exposed to the coronavirus they are staying home with no way to pay mounting bills.

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