Bankruptcy Debtors Excluded from the Paycheck Protection Program: Should Congress Act?
The application window for the Paycheck Protection Program (PPP) program closed last month, but the U.S. Congress appears to be considering several pieces of legislation aimed at either extending the program to allow certain small businesses to receive another round of forgivable loans or small business aid. However, certain problems that arose during the initial implementation of the
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Are Your Payments to a Homeowners Association Discharged in Bankruptcy?
Many unit owners continue to receive monthly homeowners payment notices or past due post- petition assessments after they have surrendered their property in bankruptcy but, nevertheless, are neither in possession nor actively contesting any foreclosure actions. This issue has come up in quite a number of recent cases we have encountered, and those owners believed
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CARES Act Increases the Opportunity for Small Businesses to Reorganize and Avoid Liquidation
The economic crisis caused by the COVID-19 pandemic has created uncertainty for small businesses. At the moment, it seems possible that many small businesses may remain closed for the next few weeks. Such extended closures would often result in cash-flow challenges for these businesses as well as their individual owners. It is nonetheless true that
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CARES Act’s Modifications to Consumer Bankruptcy Law
The current COVID-19 crisis brought with it an emergency of great magnitude, bringing about a historic response from the US government in form of a relief package designed to mitigate the widespread economic hardship being faced by individuals, families, and businesses as a result of the pandemic. The CARES Act, which was signed into law
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