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Webinar Registration for James Shenwick's Lecture

Submitted by Anonymous (not verified) on Fri, 05/08/2020 - 19:46

Through the World Wide Land Transfer
Topic
1.5 CREDIT CLE: Small Business Reorganizations under New Subchapter V of Chapter 11 of the Bankruptcy Code Time
May 27, 2020 10:00 AM in Eastern Time (US and Canada)

Start thinking bankruptcy now, not later By NerdWallet May 5, 2020

Submitted by Anonymous (not verified) on Fri, 05/08/2020 - 17:24

Start thinking bankruptcy now, not later 

By NerdWallet
May 5, 2020 

If you've lost your job or struggle to pay your debt, you may need to le for bankruptcy. If that's the case, you should ignore some common financial advice and start thinking defensively. 

The coronavirus pandemic that upended the economy is also expected to send unprecedented numbers of people and businesses to bankruptcy court. Millions are out of work, and economic disruptions could continue until a vaccine is widely available, something that may be more than a year away. 

Small Businesses Counting on Loan Forgiveness Could Be Stuck With Debt New York Times May 5, 2020

Submitted by Anonymous (not verified) on Fri, 05/08/2020 - 17:17

Business owners who took out loans under the Paycheck Protection Program thought converting them to grants would be easy. It’s not.

Treasury Secretary Steven Mnuchin  has repeatedly tightened the terms of the lending program to dissuade large companies from taking money.
Treasury Secretary Steven Mnuchin  has repeatedly tightened the terms of the lending program to dissuade large companies from taking money.Credit...Alex Brandon/Associated Press
Alan RappeportEmily Flitter
By Alan Rappeport and Emily Flitter
May 6, 2020

Bankruptcy Court Determines Who May be a Debtor Under Subchapter V

Submitted by Anonymous (not verified) on Thu, 05/07/2020 - 17:00

May 5, 2020
Written By: Smith Debnam Narron Drake Saintsing & Myers, LLP
JD Supra

Small Business Reorganizations under New Subchapter V of Chapter 11 of the Bankruptcy Code-outline of a Continuing Legal Education Class that James H. Shenwick, Esq will be presenting

Submitted by Anonymous (not verified) on Thu, 05/07/2020 - 16:56

Small Business Reorganizations under New Subchapter V of Chapter 11 of the Bankruptcy Code
The purpose of this class will be  to discuss  the changes to the new Subchapter V of the bankruptcy code and its impact on small business reorganizations.
On August 23, 2019, President Trump signed into law the Small Business Reorganization Act of 2019 (“SBRA”), Pub. L. No. 116-54 (2019). Congress increased the cap to $7,500,000 for the next year as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act from $2,725,625.00.

Hoping To Avoid Filing For Bankruptcy? Take These Steps To Tame Your Debt

Submitted by Anonymous (not verified) on Thu, 05/07/2020 - 16:54

By: Kelly Anne Smith Forbes StaffAdvisor Contributor Group May 5, 2020
The long-term financial consequences of the coronavirus pandemic are just beginning to unfold.

America is facing a recession, with higher unemployment numbers and swifter economic destruction than during the financial crisis and Great Recession that began in 2007. This time around, more than 30 million Americans have filed for unemployment due to the coronavirus, and that number is expected to go even higher.

Small Businesses Counting on Loan Forgiveness Could Be Stuck With Debt New York Times May 5, 2020

Submitted by Anonymous (not verified) on Thu, 05/07/2020 - 16:47


Business owners who took out loans under the Paycheck Protection Program thought converting them to grants would be easy. It’s not.

Treasury Secretary Steven Mnuchin  has repeatedly tightened the terms of the lending program to dissuade large companies from taking money.
Treasury Secretary Steven Mnuchin  has repeatedly tightened the terms of the lending program to dissuade large companies from taking money.Credit...Alex Brandon/Associated Press
Alan RappeportEmily Flitter
By Alan Rappeport and Emily Flitter
May 6, 2020

U.S. business bankruptcies jumped in April

Submitted by Anonymous (not verified) on Thu, 05/07/2020 - 01:07

By: Howard Schneider | Reuters  May 5, 2020
From: stltoday.com

WASHINGTON — Overall U.S. bankruptcy filings fell in April compared to the year before, a possible sign the massive Federal Reserve and government response to the coronavirus pandemic may have helped stave off economic damage, or at least provided enough hope to families and firms to try to wait it out.

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