National Consumer Law Center (NCLC) has the most recent and updated developments on actions taken by both federal and state agencies to aid consumers and homeowners in response to COVID-19. See https://library.nclc.org/major-consumer-protections-announced-response-covid-19 Recent actions include suspensions on foreclosures, See below links to see if foreclosure suspension rules apply to a your mortgage loan. Links to Foreclosure…
Department of Education Press Release March 20, 2020 announced: All borrowers with federally held student loans will automatically have their interest rates set to 0% for a period of at least 60 days. In addition, each of these borrowers will have the option to suspend their payments for at least two months to allow them…
U.S. Trustee Program Notice on Continuance of Section 341 Meetings (March 16, 2020): “Effective immediately, all in-person chapter 7, 12, and 13 section 341 meetings scheduled through April 10, 2020, are hereby continued until a later date to be determined. Absent special circumstances, section 341 meetings may not proceed during this period except through telephonic…
Treasury Department and Internal Revenue Service announced on March 21, 2020, IR-2020-50, that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Additionally, IRS, along with U.S. Department of Labor announced that small and midsize employers can begin taking advantage of two new refundable payroll tax…
