04/05/2021 Another Tidal Wave of Home Foreclosures is Projected in Fall of 2021–Mortgage Servicers Are Preparing! Earlier this week, the Consumer Financial Protection Bureau (CFPB) warned mortgage services to take all necessary steps now to prevent a wave of avoidable foreclosures this fall. The projected surge in home foreclosures is based on millions of homeowners…
11/03/2020 FINANCIAL IMPACT OF COVID-19–Evaluate Your Finances and Plan Ahead So far 2020 has not seen a surge of personal consumer bankruptcies. In fact, total bankruptcy filings year to date has been lower than 2019. Unfortunately, the tidal wave of bankruptcies anticipated in 2021 could set record highs. This may be because federal stimulus payments, mandated…
6/22/2020 MANAGING DEBT DURING COVID-19 The economy has been thrown in a tailspin during COVID-19 and many have called the COVID-19 pandemic a time of uncertainty, as evidenced by every other TV commercial using “time of uncertainty” in their ads. There is one thing that is certainly on everyone’s mind, “Our finances”. Every day I…
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…
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…
