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Coronavirus (COVID-19) Resources For Business Leaders

We know this is stressful for many.      However, our attorneys have been helping businesses manage unanticipated challenges, navigate unprecedented issues,  restructure and survive financial disasters  since 1986.      We are ready to put our experience to work for you (via secure remote digital communication), should you need help.  Read More.

State of Connecticut Emergency Bridge Loans

The State of Connecticut is making $50 million  (originally $25 million) available for a short-term emergency small business loan program.   Businesses with under 100 employees that were profitable before  . . .  Read More.

Bankruptcy Law Changes - March 27, 2020

The  Coronavirus Aid Relief and Economic Security ("CARES") Act became law Friday March 27, 2020. The CARES Act makes temporary changes to the United States Bankruptcy Code.  Subchapter V of Chapter 11 (for Small Businesses  . . .  Read More.

SBA Disaster Loan Assistance Programs

A Disaster Declaration has been issued for Connecticut, Massachusetts, New York and Rhode Island effective January 31, 2020 Eligible Small Businesses may borrow up to $2 million, with a fixed interest rate not to exceed 3.750 percent (2.750% for nonprofits) . . . Read More

Student Loan Relief  (estimated to impacting 95% of student loans).

The Coronavirus Aid, Relief and Economic Security ("CARES") Act also requires the Secretary of Education to defer Student loan payments of principal and interest through September 30, 2020 without . . . Read More.

Direct Payments  to Individuals under The Coronavirus Aid, Relief and Economic Security ("CARES")

The Coronavirus Aid, Relief and Economic Security ("CARES") Act became law on March 27, 2020.   Pursuant to the CARES Act individuals with a gross income under $75,000 ($112,500 for head of household and $150,000 for joint filers) are eligible  . .  Read More.

Bank of America Payment Deferment?

Bank of America claimed published an press release stating that borrowers who owed money on small business loans, credit cards, auto loans and mortgages could request could contact them for “assistance.” That press release . . . Read More

Contract and Debt Restructuring

The best solution for each business will depend upon its unique circumstances.  Before entering into any new loan or contract modification, we urge business owners to consult with attorneys who are experienced with cashflow interruption responses, workouts, and business restructurings under Chapter 11.     Just today, the United States Bankruptcy Court for the District of Connecticut adopted a temporary rule that waives the requirement for original signatures for the filing a bankruptcy petition.  For some businesses, Chapter 11 may be a very good choice.

Corporate Governance

Social distancing protocols recommended for health and safety, pose real challenges for corporate governance.    Pursuant to Executive Order 7I, virtual shareholder meetings are authorized on a temporary basis.  

The federal and state governments are reacting with rapidly changing, executive orders, laws and regulations.    We are  updating this page as new information becomes available.    If You Have Any Questions - Please Call Us.

For up-to-date guidance on what you should do to keep yourself and others safe we urge you to review the current COVID-19 guidance from the  State of Connecticut , the CDC,   and from the World Health Organization.

Stay safe!

Read more about our Connecticut Business lawyers.

Read more about our our Connecticut Insolvency and Business Restructuring Lawyers.