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I can share how people in China deal with this. During the high of the coronavirus outbreak, for individual or company, one could call the banks to postpone mo
by perlwle 7y ago
I can share how people in China deal with this.
During the high of the coronavirus outbreak, for individual or company, one could call the banks to postpone mortgages, loans or credit card payment for 1 to 3 months. Business may get longer extension if the situation worsen. That was possible in February, less so now as life turns normal gradually since March. Work resumed, shopping mall reopened etc. schools still closed though.
As for rent, Business tenants negotiate with landlord for rent forgiveness, something like half month or one month rent.