Dealing with Credit Card Debt during Covid 19

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Over 110 million Americans have credit card debt with past due balances. As if Covid19 has not been stressful enough, the weight of this extra debt with either a loss in income or an uncertainty about future income can be overwhelming. While bankruptcy can help with that by potentially wiping it out, here are some … Continued

Don’t give up after a Social Security Disability Denial.

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If your initial claim for benefits was denied, you have only 60 days from you denial to appeal. You may not want to hire a lawyer to appeal. But instead of going it alone, get some help. My booklet, Helpful Suggestions for Appealing a Denial of Benefits offers more than 20 practical tips to help … Continued

AM I ELIGIBLE TO FILE A CHAPTER 7?

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Even if you think you have a lot of debt, you may not be eligible to file a Chapter 7 and walk away from it. WHAT IS THE MEANS TEST? To file a Chapter 7 bankruptcy, your household income over the last six calendar months cannot exceed the median income for a household the size … Continued

Tips for dealing with shutdown

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As the COVID-19 pandemic shut down continues, mental health is deteriorating as what we thought would be a 2 week even drags on. During this ordeal, although you are not in the office or maybe no even working, did you ever think to yourself “I need a vacation.”  You are not alone the phrase is … Continued

IRS Installment Plan Suspension if Requested

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For taxpayers under an existing Installment Agreement, payments due between April 1 and July 15, 2020 are suspended. If you can’t pay the terms of an Installment Payment Agreement, you may suspend payments during this period. The IRS will not default any Installment Agreements during this period. But, interest will continue to accrue on any … Continued

PAYCHECK PROTECTION PROGRAM OVERVIEW

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Who can apply: Businesses with fewer than 500 employees, including: non-profits, veterans organizations, tribal concerns, self-employed individuals, sole proprietorships and independent contractors. When to apply: Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10, 2020, independent contractors and self-employed individuals can apply. Available loan amount: Loans can be for up … Continued

CORONAVIRUS (COVID 19) SCAMS

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With everyone desperate for relief these days, according to the Federal Trade Commission, scamming has increased. Do not fall victim to the following Coronavirus scams; The Federal Government or the Internal Revenue Service is not going to call you or text you or email you for personal information for your tax rebate of $1200 or … Continued

COVID 19 Unemployment Compensation

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The CARES Act temporarily supplements Unemployment benefit amounts and extends the duration of those benefits. From the date the bill is signed through July 31, 2020, all regular Unemployment and Pandemic Unemployment Assistance claimants will receive their usual calculated benefit plus an additional $600 per week in compensation. This is not considered income for taxation … Continued