New Bankruptcy Options For Small Businesses Impacted by COVID-19

Recent bankruptcy code amendments allow small businesses to reorganize under a special sub-chapter in response to coronavirus impacts Effective February 2020, Congress has amended the Small Business Reorganization Act (SBRA) of 2019 in response to the widespread impacts of COVID-19 on small businesses. Now, small businesses may be able to reorganize under special Subchapter V […]

Resources for Small Business Owners Who Need COVID-19 Relief

Eligible business owners may be eligible to apply for federal and state emergency loan assistance The global and national economies have been taking a hard hit due to the impacts of COVID-19. Businesses are scrambling to stay open and afloat, while abiding by national and state health regulations. The hospitality, real estate, and construction industries […]

The Emergency Paid Sick Leave Act In Response To Coronavirus

Companies with less than 500 employees may be eligible for emergency sick leave In case you missed it, the Emergency Paid Sick Leave Act was passed yesterday and takes effect on April 2, 2020 – which is just a few weeks away. This is a policy that’s helping out individuals, families, and businesses cope with the effects […]

Business Are Severely Impacted By COVID-19

Business Owners Are Using Personal Savings To Avoid Bankruptcy The coronavirus pandemic is causing business owners to panic and seek out extreme strategies to avoid the impacts of gaps in revenue. The CDC has been posting community and business guidelines to help prevent further spread of the virus. Bankruptcies are on the rise. The CDC […]

Force Majeure & Bankruptcy

The Pandemic, Nonperformance, and Bankruptcy Could the coronavirus excuse nonperformance or increase the number of business bankruptcies? Certain contract clauses may impact the daily operations of your businesses. Force Majeure Provisions The impact of recent COVID-19 events may cause certain force majeure provisions to apply, especially because the World Health Organization classified the virus as […]

BI Insurance & COVID-19

Information About How BI Insurance & COVID-19 Impacts Your Business You’re likely curious about how your business interruption insurance impacts you because of recent COVID-19 events. Understanding the different types of coverage can help you get the assistance you need. Business Interruption Insurance (BI Insurance)Does your business have the right coverage to assist you through […]