SMALL BUSINESS ADMINISTRATION IMPLEMENTS 60-DAY GOODWILL EXCEPTION FOR PPP, EIDL LOANSBlackenterprise.com has a very informative article on a 60 Day Goodwill  Exception for PPL & EIDL loans and how that program operates. The article can be found at https://www.blackenterprise.com/sba-implements-60-day-goodwill-exception-for-ppp-eidl-loans/

Using Bankruptcy as Financial Relief for Student Loans
Student loans often stand as a significant burden for many individuals. The prospect of addressing these loans through bankruptcy can be daunting. Yet that is a topic that warrants understanding.
Student loan bankruptcy may seem like a financial lifeline. But it comes with its complexities. Bankruptcy can offer relief for various types of debts. But student loans are often the exception. There are circumstances, especially showing “undue hardship”. Individuals might seek relief through bankruptcy.

 Next Avenue  has a helpful article on 

How to Get a Handle on Debt in 2024. The article can be found at 
https://www.nextavenue.org/how-to-get-a-handle-on-debt-in-2024/

  The SBA just announced a new relief program for  PPP and COVID EIDL Borrowers.Details and information about the new relief program can be found at https://www.sba.gov/funding-programs/loans/covid-19-relief-options/covid-19-economic-injury-disaster-loan/manage-your-eidl#:~:text=SBA%20is%20offering%20a%20Hardship,renew%20after%20the%20plan%20concludes.The reli

 The FBI combating COVID related fraud, including PPP & EIDL loans. The article written by an FBI agent can be found at: https://www.fbi.gov/contact-us/field-offices/springfield/news/how-the-fbi-is-combatting-covid-19-related-fraud

Chapter 11 Bankruptcy Filings Rose 72% in 2023 CFO is reporting that Chapter 11 bankruptcy filings rose 72% in 2023. The story can be found at https://www.cfo.com/news/chapter-11-bankruptcy-reorganization-2023-Epiq-...

 SBA EIDL LOANS & CIVIL & CRIMINAL PENALTIES & BANKRUPTCY FILINGSMany people are contacting us, asking if wrongfully applying for or misusing SBA EIDL funds constitutes a crime or could subject them to civil or criminal penalties. The answer depends on the "facts and circumstances" of each case. The first fact to consider is whether the action was a mistake (negligent) or willful. Negligent actions are not criminal, but willful actions may be. Second, what is the dollar amount involved? Was it a misapplication of $25,000.00, $50,000.00, or $1,000,000.00?

 The Washington Post Business Edition is reporting that in a reversal of policy the U.S. Government will heighten efforts to collect $30 Billion of defaulted SBA EIDL loans by referring those loans to Treasury Direct for collection. This is a reversal of  SBA policy where the SBA had stated that they would not seek to collect defaulted SBA loans under $100,000.00Clients with questions about defaulted SBA loans should contact Jim Shenwick, Esq.

The Ultimate Guide to Preserving Your Retirement Savings in Oregon Bankruptcy
Bankruptcy can be stressful and overwhelming, especially if you are worried about losing your hard-earned retirement funds. However, there are ways to protect your retirement savings from creditors and keep them intact for your future. In this article, we will discuss the steps and strategies for protecting your retirement funds in bankruptcy in Oregon. 
Short Summary:

 IRS Grants Automatic Relief To Millions In Taxpayer Penalty WaiversThe story can be found at https://www.pelhamplus.com/finance/irs-grants-automatic-relief-to-millions-in-taxpayer-penalty-waivers/