Posted on Feb 28, 2011
The fiscal year for the federal government starts on October 1.  It is now February 28, 2011, and no budget has been approved for fiscal year 2010-2011.  It has been operating under continuing resolutions, but that could end at the end of this week if no budget is approved or continuing resolution is passed.  What can that mean to you?

If you are filing bankruptcy, your case could be affected.  In the last shutdown, more than 3,500 cases were delayed.  In addition, as reported online by CNN yesterday,

"Dring the last major shutdown . . .  200,000 passport applications went unprocessed, and toxic waste cleanup work at 609 sites stopped. The National Institutes of Health stopped accepting new clinical research patients, and services for veterans, including health care, were curtailed."

If you are waiting for your tax refund, you might have to wait longer, as the furlough may delay checks from being cut.  On the other hand, essential services will still be maintained.

"Federal workers who provide medical care on the job would be kept on, as well as employees who handle hazardous waste, inspect food, patrol the borders, protect federal property, guard inmates or work in power distribution. Workers who protect essential elements of the money and banking system would also report to work."

The mail will still be delivered, as the postal service is self-funded.  As for Social Security benefits, the article stated: "During the last major shutdown, the Social Security Administration mailed checks throughout the crisis, and a close reading of established law makes clear the agency has the legal authority to do so again."

For further information on a possible federal furlough, and an interesting FAQ on the topic, click on the link below to the CNN article.

Read More About Will the Federal Government Shut Down on March 4?...

Steven J. Richardson
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Bankruptcy, Collections, Student Loan, DUI and Traffic Court attorney in Woodbury, NJ.

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