Bankruptcies Rising Amid Continued Uncertainty—What You Can Do
We remain in uncertain times. While there is a growing sense of optimism fueled by promising signs on vaccines, treatments, and a new stimulus package, bolstered by the return of sports, many areas of the country are still badly affected by the pandemic. There is reason to be hopeful, but none of these positive developments […]
New Small Business Bankruptcy Options for the Post-COVID World
The global pandemic wears on, along with the inevitable public policy responses and follow-on effects. Signs of the resulting economic carnage are everywhere, and bankruptcy will be unavoidable for companies large and small. Even at this relatively early stage, several high-profile corporations have already filed for Chapter 11 protection. Hertz Rent-A-Car is the latest example, […]
Small Business Bankruptcies And Chapter 13s On Steroids to Confront Virus
April 1, 2020 Eric A. Browndorf, Esq. In February The Small Business Bankruptcy Act was effective. As set forth in our prior article “Chapter 12 Bankruptcy for Family Farmers and Family Fishermen”, it essentially made all the benefits of a Chapter 11 restructurings available for small businesses in an expedited, streamlined process at a […]
DO NOT FEAR, RELIEF IS HERE
March 26, 2020 Eric A. Browndorf, Esq. | Rebecca C. Lafferty, Esq. FINALLY, some positive news for Small Business. Effective last month, a financially struggling small business does not have to choose between an expensive Chapter 11 bankruptcy or a complete liquidation under Chapter 7. Congress has tailored a quick, streamlined restructuring process for struggling […]