Is a CARES Act Stimulus Payment Exempt?

By Lawrence R. Ahern, III, Brown & Ahern (Nashville, TN)

Introduction

Since April 1, 2020, many unemployed people in the United States have begun to receive "a recovery benefit" in the amount of $1,200.1 These payments, under the CARES Act2 stimulus program, were intended to provide some relief to suffering Americans. However, the most financially distressed Americans, perhaps with existing, delinquent debt and even those in bankruptcy, may be concerned about creditors . . .

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