THE PERSONAL COSTS OF COVID-19
Covid-19 and its effects on our national, regional and local economies are both well – documented and ongoing. Businesses both large and small have suffered financial distress due to limitations on how their operations were conducted, and decreased income due to consumer fears. Many of those businesses never recovered, and a portion of those sought […]
Covid Update – Why Consumer Bankruptcy Filings Have Decreased Since March 2020
Decrease in Bankruptcy Filings In the five months since “Covid” and the “Coronavirus” have become household words, the American economy experienced more turbulence than at any time since the Great Recession. Business bankruptcies for small, medium, and even multinational corporations have spiked considerably since March 2020. Many of these businesses, especially in the retail industry, […]
Dealing with the Post Mortgage Moratorium Shock
In response to the coronavirus threat, many local and state governments enacted restrictions which prevented some businesses/industries from operating entirely, while other businesses could still operate at a reduced workload. Realizing that many homeowners would have little or no income with which to make their mortgage payments, many mortgage lenders offered their borrowers a moratorium […]
Mortgage Fraud During & After COVID-19
One of the biggest concerns facing our economy during the pandemic is homeowners’ ability to manage their mortgage payments with reduced, or no income. In the previous recession over a decade ago, many American consumers struggled with the same problem. At that time, the federal government, as well as private lenders, instituted multiple programs which […]
The COVID-19 Pandemic: What to Do and Not to Do for Consumers
The present coronavirus pandemic is unlike anything that most of us have seen in our lifetimes. Setting aside the medical issues and health risks associated with this fast spreading disease, there will be economic and financial consequences for years to come. This uncertainty can be very unnerving, especially for those employed in what the various […]