On March 11, 2021, President Biden signed the American Rescue Plan (the Rescue Plan) into law. The $1.9 trillion package is the third law enacted to aid the economy and struggling Americans as the COVID-19 pandemic continues...more
The economic impact of the global COVID-19 pandemic will likely result in a considerable number of borrower defaults, workouts and debt restructurings. An often overlooked but significant consequence of debt modifications or...more
6/26/2020
/ Borrowers ,
Cancellation of Debt (COD) ,
Coronavirus/COVID-19 ,
Debt Restructuring ,
Fair Market Value ,
Forbearance Agreements ,
Foreclosure ,
Internal Revenue Code (IRC) ,
IRS ,
Lenders ,
Residential Property Owners ,
Settlement Agreements ,
Treasury Regulations
The word "looming" seems to have become very popular during the past several years within the context of describing potential commercial credit maturities and defaults and, more recently, a potential recession. "Looming" may...more