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How to Manage Your Bills During COVID-19

April, 2020 – The Federal Trade Commission released suggestions on managing your bills during this very difficult time (COVID-19 quarantine). COVID-19 has disrupted life for everyone on the planet.  Each of us is asked to sacrifice for the health of the entire nation and world.  Unfortunately, that sacrifice comes at a cost for many.  They […]

mortgage fraud

University of Phoenix to Pay $50 M and Stop Collection on $141 M in Student Loans

In a large victory for consumers, The University of Phoenix agreed to pay $50 million in cash and cancel $141 million in debt owed to the school by students harmed by their deceptive ads. Phoenix’s ads touted job opportunities and relationships with top tech companies.

COVID-19 FORBEARANCE IN ARIZONA CHAPTER 13 BANKRUPTCIES

The following is a guest post – by Gary R. Stickell, a great Arizona bankruptcy attorney and my friend and mentor for more than 20 years. COVID-19 and CHAPTER 13 BANKRUPTCIES Most, if not all, mortgage servicers are offering programs of forbearance to homeowners affected by income loss due to the COVID-19 Pandemic.  These seem […]

If I File Bankruptcy Will I Lose My COVID-19 Stimulus Money?

When someone files for bankruptcy they can keep certain things that are “exempt”. Stay with me as I explain this process. Every state has a list of items that a creditor cannot seize.  Those items are referred to as “exempt property“.  This protection is the same for everyone in that state, even if they file […]

Can My Creditors or Bank Take My Stimulus Money?

March 27, 2020 a new law (CARES Act) was passed which gave funds to everyone in order to pay basic necessities (such as food, rent, gas).  Congress forgot to protect those funds from your creditors or your bank. When Congress passed the CARES Act, they were smart enough to protect the stimulus funds from state […]

virus

Resources for COVID-19 Information

COVID -19 Has Changed How We Live Our Lives What We Can Do to Survive and Flourish Why are we easily misled about the truth? Why Smart People Believe Coronavirus Myths, (the following is a clip form BBC.com/future) We’ve debunked several claims here on BBC Future, including misinformation around how sunshine, warm weather and drinking water can affect the coronavirus. […]

CARES ACT – Sources and Summaries for Payroll Protection Program

Brief Summary of the Payroll Protection Program Portion of the CARES ACT: (BBB webinar 3/29/20 Jonathan Gallagher, DEO, Shelley Adday. CHRO) How it can benefit your business: Paycheck Protection Program “PPP”, $350B loan program for businesses.  The intention is to provide unsecured (and forgivable) loans to small businesses with the goal to keep employees on […]

60 and over in the time of COVID-19? Tips to Stay Financially Healthy.

WARNINGS FROM THE FEDERAL TRADE COMMISSION March 30, 2020 – a reprint from article by Jennifer Leach, Association Director, Division of Consumer and Business Education, FTC. I know, 60-year-olds. You’re not old. In fact, we’ve found that, when people think “old,” they think of someone about 10 years older than they are right now. But, […]

Surviving the Pandemic – What is the Relief Plan? Will it Cost Us Our Financial Future?

Coronavirus Stimulus Package F.A.Q.: Checks, Unemployment and More (summary from New York Times, March 27, 2020, plus other resources). On March 27, 2020, the President signed a $2 trillion economic relief plan to offer assistance to American households affected by the coronavirus pandemic. Titled: Coronavirus Aid, Relief, and Economic Security Act, or CARES Act.  This […]

eviction

Eviction Postponed for Many Tenants Due to COVID-19

How federal and local agencies are trying to help tenants affected by the COVID-19 virus. Reprint from Eviction Law, March 19, 2020.  As the world seeks to contain the COVID-19 pandemic, policymakers across the U.S. are responding to the heightened insecurity so many face.