As a result of the Covid-19 Pandemic, Congress has emergently passed, and the President has signed legislation to provide for an economic stimulus and assist struggling Americans from the economic effects of this crisis. The CARES ACT (Coronavirus Aid, Relief and Economic Security Act)includes several provisions impacting existing and potential bankruptcy cases. They include:
We anticipate that this current financial upheaval will have a significant impact on both existing and potential bankruptcy debtors. If you are in a Chapter 13 plan and can no longer afford the payments, or if you are considering bankruptcy as a viable option to blunt the economic impact of the crisis, please call our office for assistance. We are fully operational, albeit remotely.