Don’t Waste Your Stimulus Payment

Wasson and ThornhillBankruptcy Advice

burning and wasting money

Photo by Jp Valery on Unsplash. It’s all too easy to think you’re doing the right and smart thing to pay your stimulus payment to creditors. Here are examples when it’s not. Before You Make Decisions That Hurt You Last week we introduced the radical idea that the best use of your upcoming or already received $1,400 stimulus payment might … Read More

File Bankruptcy with Your Stimulus Payment

Wasson and ThornhillBankruptcy Advice

wha t to do with stimulus payment

Photo by Mubariz Mehdizadeh on Unsplash. As surprising as it may sound, putting your new $1,400 stimulus payment into the cost of bankruptcy may be your very best use of that money. Last week Congress passed the American Rescue Plan Act and President Biden signed it into law. Among Its many parts is the $1,400 per person stimulus payment—officially called … 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

$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