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Jennifer D. Gould is a Shareholder and member of Stark & Stark’s Banking & Financial Services, Bankruptcy & Creditors’ Rights, Litigation, and Business & Corporate Groups. She represents banks and other financial institutions, institutional investment management firms, equipment leasing companies, and other business entities ranging from Fortune 100 corporations to small businesses across a wide range of legal issues including litigation in state, federal, and bankruptcy courts, as well as general business counsel and corporate legal work.

2020 marks the year of COVID-19, economic shutdowns, unemployment, and business closings. However, with approximately $4 trillion dollars in pandemic aid, many individuals were able to avoid foreclosure and bankruptcy. With federal funding providing an additional $600 per week to unemployment checks, many individuals received more in unemployment benefits than they would have received in their paychecks. Mortgage foreclosure moratoriums also assisted individuals financially impacted by the pandemic. What is in store for 2021 with federal stimulus and forbearance plans ending, and unemployment on the rise? 2021 may mark the year of soaring bankruptcy filings.

Continue Reading A Rise in Bankruptcy Filings for 2021 and How Associations Should Brace for Impact