Chapter 13 plans can be extended up to 7 years 7 year Chapter 13. An existing chapter 13 plan can be extended to 7 years if the case had been confirmed and then the covid-19 virus caused payment issues. On March 27, 2020, the President signed into law the historic Coronavirus Aid, Relief, and Economic…

Loan modifications under CARES Act. The law firm assists with loan modifications and mortgage relief for those impacted by the coronavirus pandemic. This blog post discusses loan modifications and mortgage relief for those impacted by the coronavirus pandemic. Federal and state governments, and financial institutions and loan servicers, have announced plans to help struggling homeowners…

Small Business Reorganization Act.  This is a chapter 5 bankruptcy designed to make the process easier for a business than a Chapter 11 reorganization Small businesses now have an alternative to a chapter 11 bankruptcy called the chapter 5 bankruptcy. This statute, Chapter 5 is designed to ease some of the burdens that certain mechanical processes in…

Breach of Contract Coronavirus. Given the economic disruption, some contracting parties may seek to be excused from performance under their contracts. How to get out of a contract? There are many ways in which contractual performance has become and could become even more challenging. What COVID-19 coronavirus issues are complicating your contract? government-mandated quarantines travel…

PUA – Pandemic Unemployment Assistance. This is subject to change at any time. This information was posted here in April 2020. Unemployment now provides payment to folks not traditionally eligible for unemployment like self employment, independent contractors This is subject to change. It was posted here April 2020. New York State remains on PAUSE through…

STOP JUNK MAIL – To stop junk mail, you can reduce the number of unsolicited credit and insurance offers that you receive via the mail. If you decide that you don’t want to receive pre screened offers of credit and insurance, you have two choices: You can opt out of receiving them for five years or…

You or a relative might have unclaimed funds. Lost or unclaimed money gets turned over by organizations required to report dormant accounts to the New York State Office of the State Comptroller. This money includes things like forgotten savings accounts, lost paychecks, and stocks or bonds. Banks, insurance companies, corporations and the courts are among…

CLICK HERE if you are interested in electronically signing the petition discussed below. (At this time, there are already over 25,000 signatures) 🟥 I have recently seen many recent international student graduates solicit their resumes aggressively because they will not be able to stay in the country much longer because their F1/OPT visa does not…

This book discusses how to raise your credit score.  It includes new ways that you can increase your credit that previously were not available. For example, rent that you pay and the cell phone bill you pay can count towards increasing your credit score. This is a MUST read because you can increase your score…

Small business owners qualify for chapter 7 bankruptcy. The Coronavirus aftermath is destroying small businesses. The small business debt is typically debt which has been co-signed by the business owner. That makes the owner liable. The creditors will look to collect from the business owners which means dealing with creditors, lawsuits, wage garnishment, judgments, liens,…

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