Massachusetts is making tactical moves to position itself as an East Coast leader in the cannabis industry with the introduction of social consumption regulatory reforms. The state’s cannabis industry has achieved major...more
Your customer has filed bankruptcy, leaving a series of unpaid invoices in its wake. While unfortunate, you chalk it up to one of the many costs of doing business and move on to landing bigger and better accounts....more
On June 21, 2022, President Biden signed into law the Bankruptcy Threshold Adjustment and Technical Corrections Act (the “Corrections Act”), which, in pertinent part, extends for two more years until June 2024, the...more
The Consolidated Appropriation Act of 2021 (“CAA”) enacted on December 27, 2020 bolsters the bankruptcy relief available to small businesses in several key ways. In June 2020, we outlined here ways in which the Small Business...more
1/15/2021
/ Bankruptcy Code ,
CARES Act ,
Chapter 11 ,
Commercial Bankruptcy ,
Consolidated Appropriations Act (CAA) ,
Debt Restructuring ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA Lending Programs ,
Small Business ,
Small Business Reorganization Act of 2019 (SBRA)
The Small Business Reorganization Act (“SBRA”) took effect on February 19, 2020 to little fanfare. The new law was years in the making and intended to address a disconnect in the Chapter 11 process: small businesses that...more
Earlier this week, the U.S. Supreme Court held that a creditor who deliberately files a bankruptcy proof of claim for a time-barred claim does not violate the Fair Debt Collection Practices Act (FDCPA). Midland Funding v....more