Covid-19 Issues

Professional advisors, like attorneys or accountants, often are consulted by clients experiencing financial distress of various types. Frequently, these conversations meander into a whether the business is bankrupt or should consider filing for bankruptcy relief. Undoubtedly, many legal and financial advisors are now being asked by their clients whether a financial distress triggered by the Covid-19 crisis warrants a bankruptcy response. The attorneys at FactorLaw are well versed in advising clients who have been impacted by the Covid-19 crisis.

Covid-19 Posts

On May 13, 2020, the Bankruptcy Court for the Northern District of Illinois implemented General Order 20-05, which provides that effective June 1, 202… Read More
Like other national retailers, Pier 1 Imports filed for bankruptcy in March, hoping to sell its assets and to liquidate under-performing locations. Th… Read More
Today the Bankruptcy Court in New Mexico (In re Roman Catholic Church of the Archdiocese of Santa Fe, 18-13027 (Bankr. D. N.M.) ordered the SBA to mak… Read More
The following guidance has been posted by the United States Trustee in respect to the treatment of the IR rebate checks. The federal government will s… Read More
One would think that a chapter 11 debtor has a strong need for a PPP loan, but the SBA believes otherwise. Guidance issued on 4/24 by the SBA rejects… Read More

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