When The New Year arrives, it may be too late. The time is now, before the close of business on New Year's Eve this coming Tuesday, to access a fund that already exists. The fund, required by a bankruptcy judge after a California uitility filed for bankruptcy in January 2019, holds the money to repair, replant, and renew homes and lives damaged by California fires.
California's Pacific Gas & Electric (PG&E) utility has established the fund as a condition of its pending bankruptcy. PG&E agreed to establish a fund of $13.5 Billion to pay claimants who were damaged by fires caused by PG&E. (The lawyers are still debating whether the fund will be all cash, are half cash and half stock in PG&E.) See Ivan Penn, A Race to Help Fire Victims Get Paid, NEW YORK TIMES, Saturday, December 28, 2019, p. B1 (online on Dec. 26, 2019; the New York Times may charge for online access).
The victims of the California fires who are eligible to make a claim on the fund are scattered now. After they lost their homes to fires in California, they resettled all over the United States, principally in the Northwest. As this blog reaches the entire United States, as a public service I say, make it a Happy New Year in 2020 by repairing, replanting, and renewing homes and lives! The California fire fund still exists, but the time to claim on it is closing. Repair, replant, and renew for the coming New Year!
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(Photograph Credits: Jose Carlos Fajardo/San Jose Mercury News via Associated Press; Matt Whittaker/New York Times).