I’m Michael Chekian, your friendly bankruptcy lawyer and this is Covid 19 news as of June 2020 in Southern California.
As of June 2020, individual bankruptcy filings are down in the Los Angeles area due to relief payments to consumers and restrictions on evictions, foreclosures and collection lawsuits.
Corporate bankruptcies are on the rise and relief payments are slowing, which may lead to increased levels of consumer bankruptcy filings later this year.
The bankruptcy rules have been changed in the debtor’s favor. You can obtain longer repayment plans in Chapter 13 and it’s easier to get temporary freezes and lowered repayment schedules.
All live meetings and court hearings are presently conducted by telephone or video conferencing. The bankruptcy court is up and running, but the courthouses are closed.
Chekian Law is also up and running, and please click below for more information.