The CARES Act’s Paycheck Protection Program Now Offers Much-Needed Relief for Small Businesses
On March 27, 2020, H.R. 748 - the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) was signed into law, providing essential emergency financial relief to individuals and small businesses impacted by the disruptions caused by the Covid-19 virus. The...
Coronavirus Stimulus Act Makes Benefits of Small Business Reorganization Act Available to More Businesses for One Year
Coronavirus Stimulus Act Makes Benefits of Small Business Reorganization Act Available to More Businesses for One Year We recently wrote about how the Small Business Reorganization Act of 2019 (“SBRA”) may help small businesses survive the COVID-19 pandemic and...
Hope in Crisis? The Small Business Reorganization Act May Have Come Just in Time for the Pandemic
The COVID-19 pandemic and resulting public health crisis will have devastating effects for countless small businesses, as “social distancing” – undoubtedly the phrase of the year 2020 – has caused dramatic reductions in demand in the airline, restaurant, hotel, oil...
The Pitfalls of LLCs – Part II: Deadlock – Decide or Dissolve
Part II of our series discusses deadlock – when a lack of foresight traps LLC members in business relationships that no longer work – and how to avoid it.
The Pitfalls of Limited Liability Companies – Part I
This series of blogs provides examples of what can go wrong – or right – with LLCs and operating agreements. Part I explains how one doctor made sure he would not be trapped in a soured business relationship.
Your Ex’s Bankruptcy Can Cost You Dearly
That money the divorce court awarded you could be in jeopardy if your former spouse decides to file for bankruptcy.
The Twist and Turns of a Chapter 11 Bankruptcy: How Real Estate Investors Can Be Impacted by a Chapter 11 Filing and How They can Maximize Their Investment If They are Willing to Fight Back
Attorney Iurillo provides an example of how real estate investors can maximize their return on investment even in a tenant’s chapter 11 bankruptcy by banding together and using their leverage wisely.
Secret No More: Filing For Bankruptcy Can Destroy The Attorney-Client Privilege
Entering bankruptcy may force the disclosure of conversations a debtor has had with his or her attorneys before filing for bankruptcy.
What Can You Do When a Borrower Files Bankruptcy on the Eve of a Foreclosure Sale?
What can you do when a borrower files bankruptcy on the eve of a foreclosure sale? Are you entitled to the swift results of dismissing the bankruptcy case based on bad faith? If you are a commercial lender, odds are you will find yourself in this...
Operating a LLC: What Can be Done When a Member is Destructively Asserting Their Power Over the LLC?
In the past, we have written numerous blogs on the importance of having an operating agreement if you hold a membership interest in a LLC. Disagreements often arise between members of a LLC which can be resolved with a comprehensive operating agreement. We pose...
