Coronavirus Layoffs, Creditors, and Repayment Options
COVID-19 led to business closures and shutdowns and people are still struggling with Coronavirus layoffs. While many employers took advantage of COVID-related loans and relief options, the limitations and shutdowns continue to lead to layoffs and financial crises in many families. Depending on the situation, you may have options to make it through a layoff.
In this short article, Joseph Wrobel, Ltd. Read full article
Are You a Business Owner or a Homeowner? You Could Be a Target of Plaintiff Lawyers in Connection with COVID-19 Coronavirus Lawsuits
We have all seen the lawyer advertising on television for class action lawsuits for people who used Roundup, the weed killer allegedly linked to cancer cases. According to reports from lawyer advertising and referral firms, eager plaintiff Read full article
Loan Deferment Programs for Making Car Payments Easier During COVID-19 Coronavirus
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Mortgage Relief During Coronavirus Offers Several Options
Many Chicago area and suburban residents are wondering how they are going to pay their rent and mortgage payments after losing their income sources and suffering financial losses because of the Conoavirus outbreak. Many businesses remain shut down with no clear indication of when they can and will be able to reopen. But in the meantime, the rent and mortgage still have to be paid or many are going to face evictions and foreclosures.
Just Read full article
Chapter 7 and Chapter 13 Relief for COVID-19 Coronavirus Bankruptcy Business Closures
COVID-19 Coronavirus Bankruptcy filings are expected to increase. You should know your rights and options in the Bankruptcy Code if you need financial relief from debts you cannot pay. This is NOT YOUR FAULT. Many of your friends and neighbors know someone who is affected by the government-forced business restrictions and shutdowns. So many of Read full article
Qualifying for a Mortgage After Bankruptcy
Lenders understand that after your Chapter 7 or Chapter 13 bankruptcy, you have less debt to pay and more money to pay a mortgage. In most cases, you will have to wait for two years from the date of a Chapter 7 bankruptcy discharge date. Meanwhile, a Chapter 13 bankruptcy, which is a three to a five-year repayment plan, after 12 months of on-time bankruptcy plan payments, you can get an FHA loan.
Most people don’t take advantage of bankruptcy options Read full article
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