How do I stop car repossession because of COVID-19?
When a Chapter 7 or Chapter 13 case is filed an automatic stay is instantly put into effect. The automatic stay is a federal law which stops all forms of collection activity, car repossessions already scheduled to occur.
Are there COVID 19 car payment relief programs?
There is no specific COVID 19 car payment relief programs. However, Chapter 13 bankruptcy will stop a car repossession and allow you to force the bank to provide five years to pay the loan. Additionally, the interest rate for Chapter 13 will likely be lower than the current rate on the loan.
How do I eliminate late fees because of Coronavirus?
If the debts are eligible for discharge with Chapter 7 or Chapter 13 bankruptcy, the entire balance can be wiped out. Therefore, late fees, penalties, and legal fees would all be removed under the discharge.
Are there government programs for credit card debt because of COVID 19?
Yes, both Chapter 13 and Chapter 7 bankruptcy can help with credit card debt because of COVID 19. In Chapter 13, the debtor makes payments to their creditors according to a court approved payment plan. On the other hand, Chapter 7 does not involve a payment plan. Instead of monthly payments, the bankruptcy trustee… Read More »
How do I eliminate COVID-19 medical bills?
All medical bills from coronavirus should be dischargeable in bankruptcy. The discharge is a permanent court order releasing your personal liability on the debt. Further, the discharge prohibits a creditor from taking any future collection action.
