A second round of Paycheck Protection Program is now available to qualifying businesses. This program is different than the first round. The time to act is now. Qualifying for this lifeline is complex and there will be increased scrutiny but, with input from competent professionals, an enormous amount of forgivable loans may be obtained. Register […]
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 […]
While the bombs were falling on London, Winston Churchill said, “We Have Nothing to Fear But Fear Itself”. Hard to have his self-confidence during these tumultuous times when your business is shut, your revenue is non-existent, your creditors are threatening foreclosure. Fortunately, as Charles Dickens said in the preface to his famous Tale of Two […]
Catch the webinar that Cooper Levenson Attorneys Eric Browndorf, Jarad Stiles, William Rubley, and Edward Corma that talks about the Major New PPP Changes : Good News for Small & Seasonal Businesses and What’s Next for Your Business : Beyond COVID, Beyond PPP.
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, […]
Seasonal Business Owners Take Note: PPP Flexibility Act of 2020 includes significant changes. Webinar June 10 at 11 a.m.
The President just signed into legislation the Paycheck Protection Program Flexibility Act of 2020 (“Act”), which results in significant changes to the Payroll Protection Program (“PPP”). The payroll expenditure requirement under the Act drops from 75% to 60%. One notable change is that 60% of the funds must be used for payroll or the loan is […]
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 […]