While politicians continue to battle over whether or not to extend or provide additional relief during the COVID-19 crisis, over 160,000 Tennessee residents (resulting in over 100,000 families) continue to struggle.
The latest stimulus bill proposed on capitol hill (unveiled Monday) would provide another $1,200 stimulus check for qualifying taxpayers. In addition, those who are unemployed would receive an additional $600 per week in unemployment benefits, through January. The bill also includes an extension of the Paycheck Protection Program for small businesses.
A vote on the bill could take place soon, with benefits available as soon as November 3rd...if everything falls into place. The current environment in D.C. makes that highly unlikely. It's almost as if politicians are standing along the rail of a ship, unwilling to throw a life saver to those who are drowning below.
Meanwhile, in Tennessee, as of September 27th, unemployment claimants are again required to make at least three potential job contacts each week. Failing to do so will result in denial of benefits. The current average Tennessee unemployment check is around $250 per week.
As a reminder, currently over 160,000 Tennesseans receive unemployment checks, compared to just 14,000 this same time last year.
Smart families are planning their next steps, including debt resolution or bankruptcy choices.
If you already feel your financial situation is out of control...contact us for a FREE CONSULTATION for debt resolution and/or bankruptcy at (731) 423-1888. The law office of T. Verner Smith has helped thousands overcome financial problems, and can help you too. Call today!
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