BnB's blog

Everyone knows that seniors are being hit hard by the pandemic. The risks of serious illness and death are more significant for those over 65, and isolation can be especially hard on the elderly. That element is compounded by strict safety precautions in nursing homes and other residential facilities populated by older Americans. In addition, there’s an obvious tendency for older populations to be less connected through technology.

In most areas of life, problems have a straightforward solution. For example, if you want to lose weight, you undoubtedly know that you should get more exercise and eat healthier. But that doesn’t always translate into action - we’ll start tomorrow; we need to find “the right gym”; it would be a real shame to let those pudding cups in the fridge go to waste. Even then, on any given day, you can wake up in the morning and decide to take a long walk or have a grapefruit for breakfast instead of a donut, and you’ve taken a step in the right direction.

The COVID-19 crisis has turned everyone’s lives upside down. Businesses are shuttering, employees are finding themselves furloughed, and LATE RENT notices are starting to pile up. With all this stress and uncertainty, our representatives have been working on solutions to try and curb the economic impact of this pandemic.

As you have probably heard, our representatives on Capitol Hill recently came together and passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. There are some interesting repercussions directly related to bankruptcy law that we want our readers and clients to be aware of.

There comes a point in your mandatory two-week quarantine from covid-19 when you realize that working from home isn’t all it’s cracked up to be. To spare myself the indignity of befriending a volleyball and naming it Wilson, I’ve taken up keeping the Bond & Botes Blog updated with issues related to the COVID–19 pandemic as they relate to our clients, and others facing financial challenges. If you’re a Mississippi client, then you probably already know who I am. If not, let me introduce myself. My name is Nathan Rester and I’m the newest associate at Bond & Botes.

Nobody is particularly thrilled with the idea of filing for bankruptcy, and those who do so are understandably eager to get through the legal process and to the good part, bankruptcy discharge: the moment when you’re legally released from many types of unsecured debt and are free to start rebuilding. Many Chapter 7 bankruptcy cases are completed within 4 to 5 months.  This timeline generally holds true in all three states where we handle consumer bankruptcy cases: Alabama, Mississippi and Tennessee.