The Illinois rental property owners association recently came out in support of a lawsuit filed by a group of property owners challenging the Governor’s authority to deny housing providers access to the courts. Time may be running out of the moratorium on evictions providing tenants needed leeway during the economic shutdown as well as other programs and policies put in place to help Americans out in the face of Covid-19. During the early weeks of the pandemic, businesses and local, state, … [Read more...]
Archives for June 2020
Millennial Bankruptcy as a Strategy for Financial Recovery
Nearly 50 percent of millennials were still recovering from the Great Recession when the Covid 19 economic fallout took hold. Double digit unemployment and stagnate wages that began in the 2006 downturn left many millennials unable to pay off bills or tuck away retirement funds; Covid-19 has only exacerbated the problem. Now, many Americans are in real financial trouble, unable to pay their rent or mortgage, credit card bills or keep up with car payments. Although creditors have provided … [Read more...]
Financial Relief for Everyday Americans Trying to Pay Bills During Covid
Despite the fact that the economy is starting to open back up in many areas across the country, Americans will likely continue to struggle to catch-up financially long after returning to work. With roughly 38 million Americans out of work during the pandemic, many will need time to get back on their feet and financial experts recommend that consumers start by discussing their financial situation with their landlords, creditors or banks to see what accommodations they can offer. Covid -19 Rent … [Read more...]