Selling Your Home with Bankruptcy Help

Wasson and ThornhillSelling Your Home

home to sell

Photo by Kent Rebman on Unsplash. When selling your home during this foreclosure moratorium rollercoaster, Chapter 7 bankruptcy maximizes your sale price and protects sale proceeds. In the last two blog posts we presented 10 ways bankruptcy significantly helps you take advantage of the foreclosure moratorium. One of those ways—from two weeks ago—was in the context of selling your home. … Read More

More Foreclosure Moratorium Help

Wasson and ThornhillBankruptcy Advice

home in bankruptcy

Photo by Sven Brandsma on Unsplash. The mortgage foreclosure moratorium extension can be helpful. But it doesn’t help with judgment and tax liens on your home. Bankruptcy does so. Last week we wrote about the ongoing foreclosure moratorium and the related mortgage forbearance opportunities. We discussed how bankruptcy can hugely increase the practical benefits of this for you and your … Read More

Forbearance Extension Helped by Bankruptcy

Wasson and ThornhillHome Foreclosures

financial rollercoaster

Photo by Matt Bowden on Unsplash. The mortgage forbearance extension can be helpful. But the whole situation is extremely stressful. Bankruptcy can help in many ways. Wild Foreclosure Moratorium Rollercoaster Ride If your mortgage has qualified for the federal mortgage foreclosure moratorium, the last 11 months have been a wild ride. Since the original 60-day foreclosure moratorium in March 2020, … Read More

Another Extension of the Mortgage Foreclosure Moratorium

Wasson and ThornhillForeclosure

man worried about foreclosure

Photo by [ik] @invadingkingdom on Unsplash. President Biden acted immediately to re-extend the previously extended federal foreclosure moratorium. It now goes through March 31, 2021. New Foreclosure Moratorium Extension through March 2021 On the day of President Biden’s January 20 inauguration, the White House stated that: he will ask the Department of Veterans Affairs, Department of Agriculture, and the Department … Read More

New Extension of the Student Loan Moratorium

Wasson and ThornhillStudent Loans

student chairs

Photo by Nathan Dumlao on Unsplash. President Biden acted immediately to re-extend the previously extended federal student loan moratorium. It now goes through September 30, 2021. New Extension through September 2021 On the day of President Biden’s January 20 inauguration, the White House stated that: the Acting Secretary of Education will extend the pause on federal student loan payments and … Read More

New Extension of the Eviction Moratorium

Wasson and ThornhillFinancial Crisis

apartment home for rent

Photo by Jose Alonso on Unsplash. President Biden again extended the previously extended federal eviction moratorium. So it now goes through March 31, 2021, under the same rules. New Moratorium Extension through March 2021 Hours after his inauguration last week, President Biden signed an executive order requesting extension of the eviction moratorium through March 31, 2021. On the same day … Read More

$600 Pandemic Relief Payments Protected

Wasson and Thornhillpandemic

pandemic caused closure

Photo by Edwin Hooper on Unsplash. The $600 pandemic relief payments now being distributed are protected from the reach of bankruptcy trustees, with some timing considerations. The federal Consolidated Appropriations Act (CCA) became law on December 27, 2020. It is reportedly the longest single bill that Congress has passed. Within its 5,593 pages are about 15 pages of temporary changes … Read More

Renewed and New Unemployment Benefits Approved

Wasson and ThornhillUnemployment Benefits

employed employees

Photo by Alex Kotliarskyi on Unsplash. Federal unemployment benefits were extended as of December 27, 2020. With one new unemployment benefit added. Here’s what the new law includes. The Coronavirus Response and Relief Supplemental Appropriations Act (CRRSA), was enacted on December 27. Last week we wrote about the new $600 stimulus payments of this new Act. It also extended unemployment … Read More

$600 Pandemic Relief Payments Are Coming

Wasson and Thornhillpandemic

$600 cash

Photo by Alexander Mils on Unsplash. Now that Trump did sign the new pandemic relief law, and the increase to $2,000 is not happening, when and how are the $600 payments coming? Last Sunday (on December 27) President Trump signed the pandemic relief law that Congress had passed 6 days earlier. Because between its passage and before signing he’d surprisingly … Read More

Trump DOES Sign Pandemic Relief Law

Wasson and Thornhillpandemic

signing signature

Photo by Scott Graham on Unsplash. Unexpectedly Trump did not sign the new pandemic relief law last week. Then after multiple objections, he unexpectedly signed it Sunday night. Late last weekend (on December 20) Congress announced it had a deal on a new pandemic relief law. That agreement was the topic of our blog post last week. Since our last … Read More

Congress Agrees to New Pandemic Relief

Wasson and Thornhillunemployment benefits

money for relief

Photo by Blogging Guide on Unsplash. Congressional leaders finally announced an agreement for new pandemic relief, extending unemployment benefits and new stimulus payments. On Sunday evening, December 20, 2020, the U.S. Senate Republican and Democratic leaders announced that they finally agreed on a new pandemic relief package. Majority Leader Mitch McConnell said the following on the floor of the Senate: … Read More

Chapter 13 and Your Vehicle Loan or Lease

Wasson and ThornhillVehicle Loans

car vehicle

Photo by A n v e s h on Unsplash. Chapter 13 is more powerful and flexible than Chapter 7 in buying time on your vehicle loan or lease. It can even help more after a repossession. We’re in a series on the smart timing of your bankruptcy case. Last week we interrupted for a breaking story on the pandemic-based … Read More

No Federal Student Loan Payments through January

Wasson and ThornhillStudent Loans

college student

Photo by Element5 Digital on Unsplash. The pandemic’s federal student loan forbearance period which was expiring at the end of December has been extended through January 31, 2021. On Friday, December 4, the Department of Education extended a forbearance period that was expiring on December 31, 2020. Its press release says “[f]ederal student loan borrowers will not be expected to … Read More

Chapter 7 and Your Vehicle Loan or Lease

Wasson and ThornhillVehicle Loans

vehicle alone in parking lot

Photo by Erik Mclean on Unsplash. A timely Chapter 7 filing helps in diverse situations with your vehicle loan or lease. Check out these 7 ways Chapter 7 gives you big advantages. We’re in a series on the smart timing of your bankruptcy case. Last week we got into filing bankruptcy to stop a vehicle repossession or surrender. We referred … Read More

Avoid Vehicle Surrender or Repossession

Wasson and ThornhillVehicle Loans

vehicle in driveway

Photo by Zachary Keimig on Unsplash. Use bankruptcy to avoid surrendering your vehicle or getting it repossessed. Then Chapter 7 or 13 will either buy time or allow you to keep it. We’re continuing a series of blog posts on the smart timing of your bankruptcy case. This week we get into filing bankruptcy to stop a vehicle repossession or … Read More