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Sharp Drop in City Bankruptcies Could Foreshadow Big Jump Next Year (City Limits)
City Limits, December 21, 2020
Sharp Drop in City Bankruptcies Could Foreshadow Big Jump Next Year
It’s also likely that government aid equipped people to avoid a debt crisis. ‘There were relief measures put into place like the New York State eviction moratorium,’ says Ramona Morel, director of the consumer bankruptcy project at the City Bar Justice Center. ‘There were definitely protections and benefits in the CARES Act.’ Some of Kransdorf’s clients made more from the pandemic unemployment aid than they had in their jobs.
