Proposed California Senate Bill That Could Help Small Business Owners

Small Restaurant Business during COVID-19

On May 22nd The California Senate Judiciary Committee advanced a piece of legislation that would allow small businesses like restaurants and bars to renegotiate the terms of their leases and rental agreements if they have been negatively impacted by the coronavirus shutdowns.  Senate Bill 939 would grant small business owners the ability to modify their […]

Protecting Your Credit During the Coronavirus Pandemic

Young-couple-reading-credit-report

Health and safety are top concerns during the coronavirus pandemic, but aside from COVID-19, economic and financial issues are also taking center stage. Financial hardship is impacting millions of Americans. Protecting your credit is important for your financial future. Missing payments will lower your credit score, which can affect your eligibility for a new credit […]

Coronavirus Mortgage Relief in California

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As novel coronavirus has spread across the globe, COVID-19 has affected every aspect of life. The U.S. Department of Labor reported nearly 3.3 million people filed for unemployment in the week ending March 21, the highest ever recorded.1 In California, 1 million people filed for unemployment in two weeks.2 The virus is not only overwhelming […]

Coronavirus (COVID-19): CARES Act Bankruptcy Changes

Coronavirus-Aid-Relief-And-Economic-Security-CARES Act-on-desk-with-pen

The Senate passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) on March 25, 2020. Enacted on March 27, the legislation placed short-term restrictions on lenders and servicers of federally backed loans. It enforces mandatory forbearance obligations, moratoriums on foreclosures, and revises credit reporting obligations to help individuals and businesses facing financial hardship […]

Coronavirus: Renter’s Relief in California

Family-Finances-Applying for rent relief-no-eviction

The economic fallout of coronavirus is affecting tens of millions of Americans. In addition to those who have become ill with the virus, many have lost jobs, closed their businesses, and therefore struggling to pay rent. There are over 40 million renters and 30 million small business owners affected in the U.S., according to The […]

Coronavirus (COVID-19) Impact on Your Property Taxes

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According to the U.S. Department of Labor, there were more than 6.6 million jobless claims in the week ending March 28, as more and more people stay home.1 Coronavirus infections and COVID-19 have devastated the U.S. job market. As the global pandemic persists, federal, state, and local governments have sought to ease the financial burden […]

How Coronavirus Is NOT Impacting Wage Garnishment?

Text Covid-19 On Wood Frame With Woman Showing Her Empty Pocket

Various federal, state, and local agencies have offered financial relief during the COVID-19 global pandemic. For example, New York announced it would cease collection of state-owned medical and student debt for 30 days. In California, there’s now a 90-day grace period for mortgage payments and a moratorium on initiating foreclosure sales or evictions. But for […]