News & Analysis as of

Debt Forgiveness

Davies Ward Phillips & Vineberg LLP

Federal Budget 2024: How It Impacts You and Your Business

On April 16, 2024 (Budget Day) the Honourable Chrystia Freeland, Deputy Prime Minister of Canada and Minister of Finance, delivered the Liberal Party’s federal budget (Budget 2024). Budget 2024 included a number of proposed...more

Proskauer Rose LLP

Private Credit Restructuring Trends: New Delaware Law Aids Secured Creditors in Getting Deals Done Out of Court

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In our prior alert over the summer, we highlighted the Delaware Supreme Court’s decision in Stream TV Networks, Inc. v. SeeCubic, Inc., 279 A.3d 323, 329 (Del. 2022) (“Stream TV”), which held an insolvent corporation could...more

Morrison & Foerster LLP - MoFo+

From Dobbs To Biden v. Nebraska – A Look At The 2022-2-23 SCOTUS Terms

On September 12, 2023, MoFo litigation partner and co-chair of the Employment & Labor Group and the Women’s Strategy Committee, Tritia Murata, along with Jamie Levitt, managing partner of MoFo’s New York office, hosted a...more

Brownstein Hyatt Farber Schreck

Understanding the Student Loan Debt Policy Landscape

As part of its pledge to improve student loan programs and advance diversity and opportunity in higher education, the Biden administration has forgiven a total of $127 billion in student debt for 3.6 million borrowers,...more

Epstein Becker & Green

What Do Cancelling Student Loan Debt and Banning Noncompetes Have in Common? The Supreme Court’s Recent Student Loan Decision May...

As we wrote almost exactly a year ago – months before the Federal Trade Commission (FTC) issued its proposed noncompete rule – the Supreme Court’s decision in West Virginia v. EPA made it clear that the FTC does not have the...more

Spilman Thomas & Battle, PLLC

The Academic Advisor - Education Law Insights, Issue 1, January 2023

Welcome to the second year of The Academic Advisor. The aim of this publication is to help our clients navigate the myriad legal issues and evolving regulatory landscape that affect schools, colleges and universities, and...more

Harris Beach PLLC

Opinion on Possible Kickbacks Between Health System and Clinic

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This opinion regards a proposed restructuring of financial relationships, which includes the forgiveness of debt, between a health system and a nearby clinic. ...more

Cozen O'Connor

Massachusetts AG Healey Negotiates Relief for Utility Customers

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Massachusetts AG Maura Healey announced on March 29th that her office had reached a settlement agreement with several Massachusetts utility companies doing business under the name National Grid, as well as their parent...more

Bowditch & Dewey

Massachusetts Taxpayers Find More Complexity in Differences Between Massachusetts and Federal Tax Law

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It seems every year there are changes to the Internal Revenue Code (IRC). It is a challenge, even for tax pros, to keep up with the ever-changing tax code. Massachusetts taxpayers also have an added challenge in keeping up...more

Proskauer Rose LLP

Private Credit Lenders – Navigating Successor Liability Issues

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The primary investment thesis of a private credit lender is simple — get the loan repaid at maturity. Private credit lenders do not make loans as a means to acquire their borrower’s business. There are circumstances, however,...more

Bowditch & Dewey

More Key Tax Provisions from the Consolidated Appropriations Act

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On December 27, 2020, Congress passed the 5,593 page Consolidated Appropriations Act. The “Act” includes several provisions and extensions of previously expiring provisions relevant to individual taxpayers: MEDICAL EXPENSE...more

Mitchell, Williams, Selig, Gates & Woodyard,...

"In These Uncertain Times": The Tax Consequences of PPP Loan Forgiveness

“These uncertain times” has been an often used phrase over the course of the last several months, and in no facet of 2020 life is it more applicable than the Paycheck Protection Program (PPP) loans implemented as part of the...more

White & Case LLP

Key COVID-19 FAQs for financial institutions: A Cross-border view

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Our global team has prepared the following FAQs to provide financial institutions with a cross-border perspective in navigating the governmental/regulatory response to the COVID-19 pandemic....more

Baker Donelson

OIG Permits the Sale and Donation of Medical Debt to Debt Forgiveness Organization

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In its Advisory Opinion (AO), AO 20-04, HHS Office of the Inspector General (OIG) determined that the requestor, a charitable organization that locates, buys and forgives patient medical debt, may purchase or receive as...more

Health Care Compliance Association (HCCA)

Report on Medicare Compliance Volume 29, Number 28. News Briefs: August 2020

Report on Medicare Compliance 29, no. 28 (August 3, 2020) - The HHS Office of Inspector General (OIG) has given the green light to a plan by a charitable organization to “purchase or receive donations of unpaid medical...more

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