Author Archives: doug

How the federal stimulus law will affect Chapter 13 debtors

By doug | Published: April 7, 2020

In response to the unprecedented impact from business shutdowns ordered to battle the Covid-19 virus during the spring of 2020, Congress passed a massive $2 trillion dollar stimulus package in late March. The new bill, which was debated for about a week on Capitol Hill, was quickly signed in to law by President Donald Trump […]

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Companies struggling to reorganize in Chapter 11 should understand the concept of a critical vendor list

By doug | Published: April 3, 2020

With a wave off small business bankruptcies looming, more business owners and entrepreneurs are going to be looking at Chapter 11 as a possible way to continue to keep their venture operating, while shedding some of the pain from the shutdowns sparked by corona virus fears. The recent enactment of new bankruptcy protections for small […]

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What happens to your car payment when the world is paralyzed by the corona virus?

By doug | Published: April 2, 2020

With tens of millions of Americans sidelined, either in whole or in part, by quarantine orders due to the corona virus outbreak in the spring of 2020, a looming question for many is whether they can or should be making regular payments on the family car or truck. So far, at least, the media hasn’t […]

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Massachusetts marijuana firms face squeeze: forced to close, but unable to get funds or get bankruptcy protection

By doug | Published: April 1, 2020

Entrepreneurs in the emerging legal market for cannabis products in Massachusetts are facing a triple whammy crisis: First, the market for recreational (sometimes called “adult-use”) marijuana products has been closed by government order due to corona virus distancing measures, plus these firms will find themselves unable to participate in federal stimulus plans, and after that […]

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Stimulus legislation increases access to small business bankruptcy procedures; up to $7.5M in debt can be restructured

By doug | Published: March 31, 2020

In August of 2019, Congress did something that’s become a bit unusual — it passed bipartisan legislation, and saw it signed in to law by the President. The particular bill was a sweeping change to the federal bankruptcy code that was intended to open up Chapter 11 reorganizations to small businesses for the first time.  […]

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Extension of Chapter 13 plan payments may be possible through virus stimulus package

By doug | Published: March 30, 2020

The massive $2 trillion stimulus package enacted by Congress and signed in to law by President Trump on March 27, 2020 in response to the economic havoc wreaked by the COVID-19 pandemic contains a few passages that may ease the burdens of debtors in bankruptcy. Nicknamed the CARES Act, for “Coronavirus Aid, Relief, and Economic […]

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Highlights of the differences between the new small business bankruptcy law and traditional Chapter 11 cases

By doug | Published: March 27, 2020

The Small business Reorganization Act of 2019 roared in to life six months after its passage, on February 19, 2020, just in time for businesses to test its effectiveness given the ongoing corona virus crisis. Most lawyers and business people have at least heard of the existing Chapter 11 laws — at various points Delta […]

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A guide to interpreting the Small Business Reorganization Act of 2019 without driving yourself crazy

By doug | Published: March 22, 2020

Before diving in to the details of the Small Business Reorganization Act of 2019, take your gloves off. You’re going to need all your fingers to cross-reference the myriad of bankruptcy law passages that are cryptically referenced there. For a head start, keep reading: you can consider this guide a means of freeing up at […]

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New small business bankruptcy offers a lifeline to companies blindsided by the sudden economic downturn

By doug | Published: March 20, 2020

In late August of last year, the usually dysfunctional and bitterly divided Congress did something unusual: it passed a bill that was signed into law by the President (it was only the fifty-fourth law enacted in more than a year and a half of effort by the 116th Congress) . The subject matter of the […]

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Should anyone rely on bankruptcy appeals?

By doug | Published: February 14, 2020

Clients hire lawyers for specific answers to a legal problem.  Lawyers, in turn, generally want to provide their clients with such answers by doing some legal research and applying the results to the specifics of the client’s situation, and then making an educated guess about the possible outcomes. In most areas of the law, lawyers […]

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