Almost every contract and lease contains a provision that says it terminates immediately if one of the parties files for bankruptcy. That provision is ubiquitous, but it is unenforceable under the Bankruptcy Code.
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UPDATE: KEY POINTS FROM TEMPORARY RULE ON EPSLA AND EFMLEA
On Wednesday, April 1, the Department of Labor published its temporary rule offering additional guidance on the Emergency Paid Sick Leave Act (EPSLA) and Emergency Family and Medical Leave Expansion Act (EFMLEA) that were established under the Families First Coronavirus Response Act, passed into law on March 18, 2020.
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You’re a creditor in a bankruptcy – what now?
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Paycheck Protection Program Interim Final Rule Released
On April 2, 2020, the United States Small Business Administration (the “SBA”) issued an interim final rule implementing the emergency small business lending facility called the Paycheck Protection Program (the “PPP”), which was part of the larger financial aid and stimulus legislation known as the CARES Act.
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Bankruptcy Updated: Small Business Reorganization Act
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Business Bankruptcy Basics: Chapter 11
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Bruce Toppin is panelist for SABA on Business Continuity
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CARES Act Emergency Small Business Relief
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Essential Jobs and Critical Infrastructure Letters might be necessary for some employers to provide
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Telemedicine Solutions becoming common practice, but what about HIPPA?
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Update on Bank Regulatory Agencies’ Guidance on Continued Lending to Households and Businesses during COVID-19 Pandemic
In addition to the measures identified in our alert Friday, on Sunday, March 22, 2020, the Federal Reserve, FDIC, OCC, CFPB, NCUA and Conference of State Bank Supervisors issued an Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus.
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COVID-19 Update: Bank Regulatory Agencies Encourage Continued Lending to Households and Businesses