What We're Reading About Bankruptcy and the Coronavirus

Selected Articles about Bankruptcy and the Coronavirus

The best of what's out there on the web about how to use bankruptcy law to protect your assets during the Covid-19 recession.
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Bankruptcy as Part of Your COVID-19 Financial Plan
 
Can Bankruptcy Stop An Eviction in California?
(Not permanently, but bankruptcy can get rid of back rent debt accumulated during the pandemic)

by
Last Reviewed: Mon, Jun 22, 2020

The Coronavirus shutdowns have thrown many people into economic peril.

Many writers have written about how people can use bankruptcy to  may play a role in prudent financial planning in the months ahead.

Funny how history repeats itself. In the last recession, a lot was written about whether bankruptcy makes sense for people, in light of an economic downturn, including these articles:

However not every recession is the same, and this one has a ways to go. No one knows yet the long lasting economic impact of this pandemic.

But as stimulus packages lapse and moratoria end, there may be a time when bankruptcy is the only safety net left. So it doesn't hurt to understand how it works, and what you can and can't do, and should and should not do, in the year before you file.

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Jurisdictional relevance: There are versions of this article for each State.
Selected State: California
Bankruptcy as Part of Your COVID-19 Financial Plan
 
Can Bankruptcy Stop An Eviction in California?
(Not permanently, but bankruptcy can get rid of back rent debt accumulated during the pandemic)
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  • Bankruptcy as Part of Your COVID-19 Financial Plan

    Consumer bankruptcy filing reached a 34 year low in 2020 and remained low in 2021, because forbearance and stimulus programs prevented the normal collection efforts, like wage garnishment and foreclosure, — the things that usually prompt people to recognize how dire their situation is — prompting them to file. Whether the timing for filing for bankruptcy is now or later, the time to talk to a bankruptcy attorney IS NOW, so you can take full advantage of the financial protections that bankruptcy law can provide, and avoid common financial mistakes in the year to 18 months before filing, that may cause you to lose assets you could otherwise keep in bankruptcy.

  • Can Bankruptcy Stop An Eviction in California?
    (Not permanently, but bankruptcy can get rid of back rent debt accumulated during the pandemic)

    Can bankruptcy help stop an eviction? Well, it can delay it, for an extra month or two, in some cases, in some states, if you file early enough in the eviction process. Bankruptcy can, however be a great solution to the problem of "back rent debt" accumulated during the pandemic.

  • What We're Reading About Debt & Bankruptcy

    What We're Reading about Bankruptcy, Debt and Credit. Timely, useful articles, from reliable sources.

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