house democrats considering amendments to cares act
Democrats on the U.S. House Committee on Financial Services is circulating a draft of a proposed bill which could amend the CARES Act to provide forbearance and foreclosure moratoriums for all mortgage loans, and for all other purposes.
National Bankruptcy Committee’s Letter to Congress
The National Bankruptcy Committee’s letter requests congress to consider further legislation to address this unprecedented crisis caused by the spread of COVID-19. Committee members suggestion additional ways in which the Bankruptcy Code can be amended to address these issues.
US Trustee Program Press Release
In response to COVID-19, the US Trustee Program details quick actions taken to protect public health and ensure effective functioning of the bankruptcy system.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by congress and signed into law by President Trump on March 27th, 2020. This $2 trillion economic package provides fast and direct economic assistance to families, workers, small businesses and preserve jobs in industries adversely impacted by COVID-19.
Families First Act
The Families First Coronavirus Response Act (FFCRA) was passed by congress and signed into law by President Trump on March 18th, 2020. This act responds to those impacted by COVID-19 by providing paid sick leave, tax credits, food assistance, unemployment benefits, increase in Medicaid funding and free COVID-19 testing.
The AIS Court Report details how the COVID-19 pandemic is impacting state and federal courts. Information such as court delays, repossession/suspension details, state shutdowns, court precautions and links to court orders are broken out by state and district. Our team is carefully monitoring critical developments and we will highlight those updates on a daily basis. This report is published at 8:00am CDT Monday through Friday.
Facts & Figures
January 15th, 2021
Supreme Court Holds that Holding Property Isn’t a Stay Violation
January 13th, 2021
Bankruptcy Administration Improvement Act Signed into Law
January 5th, 2021
AIS Insight Report: December Bankruptcy Status
December 30th, 2020
New COVID-19 Relief Package Provides Updates to Bankruptcy Provisions
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