Special protections have been put in place for debtors who have been directly affected by the COVID-19 pandemic, including protection from collection action.
Debt resolution and bankruptcy attorney Jen Koss provides important details about this protection and what you should expect in a collection notice.
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You’re not alone if you’ve been financially impacted by the pandemic. Millions of people have lost jobs or had their wages slashed as a result of COVID-19.
There is no shame in asking for help. Call 303-688-0944 to set up a meeting with one of our compassionate attorneys. Click here to schedule the meeting yourself.
Protection from Collection Action
From now until November 1st, 2020, debtors will receive additional protection from certain collection attempts.
Right now, a judgment creditor cannot initiate or maintain a new extraordinary collection action unless certain requirements are met.
An extraordinary collection action means any action or proceeding in the nature of an attachment, garnishment, levy, or attempt to collect or enforce a judgment on a debt.
Notice from Creditors
The judgment creditor must provide written notice to you, the debtor, at least 10 days before the execution or service of that writ or that legal process that’s intended to be that extraordinary collection action.
What the Notice Must Include
That notice must specify in a certain size font and must give notice to the debtors that they have the right to temporarily suspend the collection action if they’re facing financial hardship due to COVID-19.
The notice must also include other pieces of information, such as instructions on how to temporarily suspend the collection action.
Contact Us if You Receive a Collection Attempt
It’s always a good idea to consult with an attorney about things like this, so give us a call at 303-688-0944 for a free bankruptcy consultation. Schedule online when you click here.