Category: Bankruptcy

Tips for Franchise Business Owners Facing Pandemic Restrictions

As the pandemic restrictions press into its eighth month, small businesses are feeling the squeeze the most. There has been a 22% reduction in business activity nationwide (NBER), that’s 3.3 million inactive American business, some of which have closed permanently due to COVID-19 restrictions and the economic fallout that followed. And according to estimates from…

By Nate Riordan September 21, 2020 0

EIDL Loan Applications Reopen

Economic Injury Disaster Loan (EIDL) applications reopened from all qualified small businesses, including agricultural businesses, and non-profit organizations but you must move quickly, it is unclear how long they will continue accepting applications. The EIDL Advance, a grant (not a loan), has already been discontinued because all funds have been disbursed and there are no…

By Nate Riordan August 7, 2020 0

Bankruptcy and the Impending Increase in Evictions

The economic crisis associated with the global pandemic is likely to result in extremely high numbers of both household and commercial evictions. As government-imposed eviction moratoriums end, and as federal unemployment benefits are curtailed, we expect to see considerable bankruptcy activity prompted by rent defaults. What will this mean for tenants contemplating bankruptcy, and for…

By Alan Wenokur August 3, 2020 0