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 [...]
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 [...]
Beyond the Recovery Payments and Loan Forgiveness: What Else Does the CARES Act Offer Impacted Businesses?
In Corporate Issues PostedIn 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 [...]
Coming Soon to a Bankruptcy Court Near You: The Small Business Reorganization Act
In Corporate Issues PostedThe “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 [...]
