GlindaButts36: Created page with "To say the CoronaVirus (CoVid-19) Pandemic has changed everything is definitely an understatement. It really is estimated that 1/3 of businesses and rental unit tenants did no..."

2021-01-26T20:26:22Z

Created page with "To say the CoronaVirus (CoVid-19) Pandemic has changed everything is definitely an understatement. It really is estimated that 1/3 of businesses and rental unit tenants did no..."

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To say the CoronaVirus (CoVid-19) Pandemic has changed everything is definitely an understatement. It really is estimated that 1/3 of businesses and rental unit tenants did not pay their rent on time in March or April. That number is expected to climb as the lockdown of our businesses and people continues amid the CoVid-19 risks of infection and serious illness, in certain cases death. Luckily, in Ventura County, we've not had the level of carnage that Americans in New York City are having. Still, our county next door, Los Angeles County just isn't exactly having the same stellar results that we are enjoying in Ventura County. With financial worries mounting, and everything changing week by week, you might be wondering how all this will certainly affect you if you file for bankruptcy or are actually along the way of your bankruptcy. There are law offices around to help. They can be carefully following all the changes since they appear, and they are here to help you over the bankruptcy process during these incredibly challenging times. Discuss several of the changes you'll be handling and answer some of your most critical questions. Will be the Bankruptcy Courts Still Open? Yes, In contrast, most court hearings will be done over the phone, not face-to-face. Everything you say will be recorded and entered into the official record as if you were in person. If you fail to make yourself available at the prescribed time, it can and most likely will be entered into the record as a 'no show' and that's a big no-no with the court. Can I Still File for Bankruptcy Through the Corona Virus Shutdown? Yes, the courts are still allowing bankruptcy cases and motions to be filed through the CoronaVirus crisis. The only real difference is bankruptcy and court appearances will be observing these new CoronaVirus pandemic protocols. Will My 341 Bankruptcy Meeting be Postponed All pending 341(a) meetings of creditors (initially scheduled for March 25, 2020, through April 10, 2020) have been continued to a later date, most to be determined. This order will probably be extended. Everything remains fluid right now. In a Chapter 13 case, the continuance of the creditor meetings does not relieve debtors of their obligation to commence making plan payments to the Trustee not later than 30-days after the date the petition was filed. Debtors may make these payments electronically on TFS (dot) com. Can I Keep the Economic Relief Payments I Receive During the Covid-19 Financial Crisis? The bankruptcy trustee will not be seeking the turnover of the financial relief payments related to the coronavirus economic crisis. That money you might use for your most immediate financial needs. Do I Still Need to Make My Mortgage Payments During the Corona Virus Shutdown? Yes. You will still need to continue to make payments as promised. Under certain circumstances a law firm may be able to get some relief from the court. If you have not filed yet, [http://med.asu.edu.eg/isr/lp-profile/noelmallard additional resources] a law office could be able to get some relief through your creditor as per the new laws passed by Congress. Remember, your bank holding your mortgage has to be notified of your financial challenges or job loss ahead of you missing payments. Will My Bankruptcy Discharge Be Delayed Due to the Corona Virus Crisis? Your final bankruptcy discharge might be put off if your 341 meeting is rescheduled or continued until further notice. Stay informed with updates through your court or trustee. Updated information might also be sent to you by mail, even after your meeting has occurred. It is vital that you follow all of the requirements communicated to you, there are no excuses for missing hearings, or court dates. Will My Bankruptcy Automatic Stay Be Impacted by These Changes Due to Covid-19? Not unless your bankruptcy case has been dismissed. Otherwise, the automatic stay will remain in effect unless certain exceptions are met, for example your creditor requests relief from stay. Debtors who file multiple bankruptcy cases in a short quantity of time could possibly be denied an automatic stay as well and you won't be permitted to use the CoronaVirus as an excuse.

Coronavirus Lockdowns At A Glance - Revision history

GlindaButts36: Created page with "To say the CoronaVirus (CoVid-19) Pandemic has changed everything is definitely an understatement. It really is estimated that 1/3 of businesses and rental unit tenants did no..."