It has become common for small businesses to be structured as corporations, limited liability companies, and other entities to protect their owners from personal liability. When those small [...]
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Under an amendment to the Bankruptcy Code triggered by the CARES Act, Chapter 13 debtors are permitted to extend their Chapter 13 plan terms from a maximum of five (5) years to seven (7) years, [...]
On August 26, 2020, the United States Court of Appeals for the Third Circuit issued its ruling in In re: Tribune Company, et al., a Chapter 11 bankruptcy case involving the operator of well-known [...]
In a monumental attempt to address the instability and uncertainty created by the Coronavirus pandemic and the resulting economic disruptions, the Federal Government passed the nearly $2 trillion [...]
In the recent case of In re Harms, Case No. 18-22406, the United States Bankruptcy Court for the Western District of Pennsylvania was faced with the question of whether debtors can litigate a [...]
The “Small Business Reorganization Act of 2019” (the “Act”) becomes effective for cases filed on and after February 19, 2020. The Act applies to “small business [...]
Generally, IRAs are protected from claims of the contributor’s creditors under federal bankruptcy law, (with the exception of divorce). However, a recent ruling by the Supreme Court peels back [...]
