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Covid-19

EIDL – Economic Injury Disaster Loan

mhalderman April 6, 2020April 10, 2020 Banking law, Business Law, Business Reorganizations, COVID-19, Small Business

Eligible Small Businesses may borrow up to $2 million, with a fixed interest rate not to exceed 3.750 percent (2.750% for nonprofits)  with loan terms of up to thirty (30) years under the Economic Income Disaster Loan (EIDL) Program. We…

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Chapter 11 Bankruptcy Reorganizations – DIP Challenges

mhalderman April 5, 2020 Bankruptcy, Business Reorganizations, COVID-19, Creditors Rights, Small Business

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…

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State of Connecticut Emergency Bridge Loans

mhalderman March 29, 2020March 29, 2020 Banking law, Bankruptcy, Business Law, Business Reorganizations, COVID-19, General Interest, Small Business

The State of Connecticut announced last week that it was making $50 million (doubled from the original $25 million) available for a short-term emergency small business loan program.   Businesses with under 100 employees that were profitable before March 10,…

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Recent Developments

  • Now is the time to Panic Plan
  • US District Court Has Authority to Issue Post-Judgment PJR as Ancillary Order Directed at Party Over Whom Court Has In Personam Jurisdiction
  • Myles Alderman Featured Guest on Talk of Connecticut
  • Second Draw PPP Loans
  • Employer COVID-19 Vaccination Considerations
  • Failure to Comply with Practice Book § 67-4 Results in Dismissal of Pro Se Appeal.
  • Due Process Does Not Require Full Evidentiary Hearing Before Conversion to Chapter 7
  • PPP Forgiveness Applications

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