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Why filing for Chapter 11 bankruptcy could be the best way to save your small business

Submitted by Anonymous (not verified) on Thu, 10/08/2020 - 21:22

Originally appeared on Baltimore Business Journal Filing for bankruptcy protection may seem taboo to small business owners, but a relatively new and little-known program could prove to be the difference between surviving the Covid-19 pandemic or closing for good. The flood of bankruptcies that many economists, lawyers and accountants expected has not transpired. While several large companies in the retail industry have filed for Chapter 11 bankruptcy — J.C. Penney, Neiman Marcus and Brooks Brothers to name a few — most small businesses have held off as they try to tread water.

A New Student Loan Discharge Case allowing the Discharge of $200,000 in Student Loans

Submitted by Anonymous (not verified) on Fri, 09/18/2020 - 23:45

 A New Student Loan Discharge Case allowing the Discharge of $200,000 in Student Loans The 10th Circuit U.S. Court of Appeals in McDaniel v.

Court Allows Bankruptcy Discharge Of $200,000 In Student Loans

Submitted by Anonymous (not verified) on Thu, 09/10/2020 - 23:08

This article originally appeared at https://www.forbes.com/sites/adamminsky/2020/09/02/court-allows-bankrupt...

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Court Allows Bankruptcy Discharge Of $200,000 In Student Loans
Adam S. Minsky, Esq.

A new ruling by a U.S. appeals court has affirmed the cancellation of a borrower’s $200,000 in private student loans.

Small-Business Failures Loom as Federal Aid Dries Up

Submitted by Anonymous (not verified) on Wed, 09/02/2020 - 17:32

This article first appeared in the New York Times on 9\1\20 at https://www.nytimes.com/2020/09/01/business/economy/small-businesses-cor...

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Small-Business Failures Loom as Federal Aid Dries Up
Many owners face tough choices after a federal loan program and other government moves to bolster the economy have run their course.

Will Small Businesses Stay Closed Post-Pandemic? This article appeared at Catalyst on August 22, 2020

Submitted by Anonymous (not verified) on Tue, 08/25/2020 - 16:33

https://catalyst.independent.org/2020/08/22/covid-19-small-business-post...

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Will Small Businesses Stay Closed Post-Pandemic?
Can the United States stand to lose the four million small businesses Oxxford predicts?

By Luka Ladan August 22, 2020 Economy & Jobs| Articles

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