No: Business Bankruptcies Should Be Viewed as a Symptom and Not a Cause. This week several people have asked whether new chapter 11 bankruptcy filings are evidence that our nation must change course immediately. I do not believe that…
EIDL – $10,000 Grants
[Update April 14: The SBA has notified Applicants that Despite prior promises of $10,000 per applicant, they are only advancing $1,000 per employee as of the January 31, 2020 Payroll.] The first $10,000 of funds advanced under Economic Injury Disaster…
Chapter 11 Bankruptcy Reorganizations – DIP Challenges
As of Friday (04/03/20), the Coronavirus Aid, Relief and Economic Security (CARES) Act that is providing funding for businesses, did not address debtor-in-possession (“DIP”) lending to businesses operating in Chapter 11 of the United States Bankruptcy Code. We are hoping…