A bank account can be frozen because a creditor has a judgment against you. However, a bank account can be frozen for other reasons. Problem one: What if you paid money to an individual or business, and then you learn their bank account was “frozen” because the bank “thinks” there was some kind of fraud…

If bankruptcy MIGHT be in your future, here is what you should do now: If you’ve lost your job or struggle to pay your debt, you may need to file for bankruptcy. If that’s the case, you should ignore some common financial advice and start thinking defensively. The coronavirus pandemic that upended the economy is…

Executive Order 202.42 WHEREAS, on March 7, 2020, I issued Executive Order Number 202, declaring a State disaster emergency for the entire State of New York; and WHEREAS, both travel-related cases and community contact transmission of COVID-19 have been documented in New York State and are expected to continue; NOW, THEREFORE, I, Andrew M. Cuomo,…

Roughly 11,000 IRS employees are returning to their offices. They face millions of unopened mail documents and tax returns that have accumulated during covid-19. The IRS has focused this reopening in the three states (Kentucky, Utah, and Texas) where the agency processes much of the mail and paper tax returns it receives. There were 4.7…

The USA economy is in a COMA… But that doesn’t mean we’re heading into a depression just yet. We have been told “stay home to mitigate the effects of Covid-19” Most states have a full or partial stay-at-home order in place. Essential employees can go to work. Others work at home. We have never seen…

Expect a Meat Shortage Coronavirus-linked problems in meat supply chain indicates meat shortages which means price increases for consumers. According to the USDA’s weekly report from April 27, beef production was down nearly 25% year-over-year, while and pork production was down 15%. At least 20 meatpackers have already died from COVID-19, and more than 5,000…

So many job layoffs There have been many layoffs and furloughs lately; Macy’s is furloughing 125,000 employees Walt Disney World is furloughing 43,000 employees Airbnb laid off 25% of its workforce which was 1,900 employees. Uber recently laid off 3,700 employees. Virgin Atlantic laid off  3,150 employees. United Airlines is talking about 3,400 layoffs by this fall. Lyft laid…

Bankruptcies on the way. Call the law firm to see how bankruptcy can solve debt problems. Business and individuals have been severely impacted by Covid. The Covid-19 aka Coronavirus and its impact regarding bankruptcy The coronavirus’s impact on capital markets, supply-chain disruption, hospitality and transportation is already seismic and being compared with the “economic shockwave”…

Governor Cuomo issued another Executive Order: 🟥Our ability to notarize and witness documents (including wills, trusts, powers of attorney, health care proxies, living wills) REMOTELY has been extended (again) to June 6th. 🟥Since many RESIDENTIAL tenants cannot afford to pay their rent, a tenant can request to or otherwise consent to (but cannot be forced…

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…

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