Many mortgage and credit card companies have offered options for hardships. However, this may mean that the term of the loan will be extended or the borrower may be liable for paying an interest only payment. If the borrower is able to continue making any type of payment, this will avoid additional interest or a longer term on the loan. If you need assistance applying for or negotiating with your lenders, The Next Steps Law Firm can prepare an action plan or negotiate on your behalf.
Eviction Diversion Program (EDP) is a program to help tenants that fell behind on their rent. This program provides quick rental assistance through a court process to avoid eviction. Local Housing Assessment and Resource Agencies (HARAs) evaluate individual's situations to determine whether they qualify for the program. To learn more about the program, visit https://sedrs.org/services/eviction-diversion-programs/
Federal Student Loan Programs have had many changes recently. There have automatically administrative forbearances, automatice forgiveness for students of certain schools, and extensions for applications to loan forgiveness programs. This means that borrowers should TALK TO THEIR LENDERS. Some of these changes apply only to federal student loans while some apply only to consolidated loans. Most important is to understand the requirements and deadlines. For more information, visit https://studentaid.gov/
Under Pandemic Unemployment Compensation, self-employed, independent contractors, low wage workers, and individuals with a limited work history may qualified for unemployment benefits. Several individuals have received letters from Michigan Unemployment to reimburse payments received. It is important to talk to ensure you have proper proof for the claims you submitted. Talk to the UIA and if needed, talk to an attorney that knows unemployment law. For more information or to apply for unemployment in Michigan, visit https://www.michigan.gov/leo
Many schools are providing meals to their students. WIC is providing virtual appointments. DHHS is conducting telephone interview. Please visit the DHHS Website (Food, Medical, and Emergency Utility Assistance) at https://newmibridges.michigan.gov
Jackson Department of Aging – Meals on Wheels (517) 788-4364 for more information on how to apply for benefits.
For other available community resources,
Most Courts have been opens and operating as normal. Several judges allow Zoom participation, but not all. It is important to know the JUDGE and the court procedures for that Court. The
The Next Steps Law Firm can assist with navigating through these new procedures.
Now may be the time perfect time to update any estate planning documents that you currently have or to finally create the Medical Power of Attorney (aka Patient Advocate forms) that you may have been putting off. These documents can be done virtually through email, mail, and virtual meetings.
Contact The Next Steps Law Firm today to learn more.
If you have exercise all of the steps listed above to preserve your financial viability and you cannot make it through, bankruptcy may be an option.
If you are considering bankruptcy, The Next Steps Law Firm can talk you through your options.
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Disclaimer: All information provided on this website is for informational purposes only and is not meant to be used as legal advice or to create an attorney-client relationship with the website user. All third-party websites are provided as external resources. The information provided on a third-party website has not been reviewed by The Next Steps Law Firm and therefore is not in anyway a representation of advice or endorsement of this firm. The Next Steps Law Firm site is used for advertising the firm's services only. Please contact us if you would like to have The Next Steps Law Firm, PLC discuss your legal matter with you.