BAST AMRON AT 11: SPOTLIGHT ON SCOTT BROWN
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New PPP Rules for Businesses Involved in Bankruptcy Proceedings
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April 27th, 2020 - Posted in BA Blog by Jaime Leggett
Many companies have questioned how their insolvency would impact their PPP applications, which require them to affirm that they have been adversely impacted by COVID-19. The SBA has issued a new rule stating that a PPP borrower or its owner cannot be in bankruptcy prior to disbursement of the loan. Per the Rule: (more…)
Stimulus Bill Changes to Small Business Reorganization Act and Consumer Bankruptcy
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April 3rd, 2020 - Posted in BA Blog by Jamie Leggett
In November, we discussed the Small Business Reorganization Act (SBRA) passed by Congress to speed up the process and reduce the cost of bankruptcy for small businesses (under $2.7 million in debt). (more…)
CLIENT ALERT: Paycheck Protection Program – Guidelines for Small Businesses
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April 1st, 2020 - Posted in BA Blog, Client Alert by Jeffrey Bast
The Coronavirus Aid, Relief, and Economic Security (CARES) Act has allocated $350 billion to help small businesses and nonprofits keep workers employed during the global pandemic and economic downturn. (more…)
TEMPORARY RELIEF AVAILABLE TO FEDERAL STUDENT LOAN BORROWERS
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March 27th, 2020 - Posted in BA Blog by Dana Quick
While struggling student loan borrowers continue to wait for more permanent solutions to their student loan debt as outlined in my previous blog post Student Loans in Bankruptcy, the U.S. Department of Education (“DOE”) has provided some temporary relief available to federal student loan borrowers. (more…)
Coronavirus Business Challenges
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March 18th, 2020 - Posted in BA Blog, Client Alert by Jamie Leggett
The novel coronavirus (COVID-19) has begun its disruption of the United States and the world. Scientific knowledge and public responses are changing day by day. Still, the fallout is already beginning to appear: a recent NPR/PBS NewsHour/Marist poll says that 18% of Americans report being let go or having their hours reduced. (more…)
Other D&O Considerations
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BAST AMRON AT 10: SPOTLIGHT ON JEREMY J. HART
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Trending News in Data Privacy
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Student Loans in Bankruptcy
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February 4th, 2020 - Posted in BA Blog
The treatment of student loans in bankruptcy has received new attention recently, with indications that both Congress and bankruptcy courts are looking to give student borrowers more leniency on discharging crushing student loan debts than was previously available. (more…)