Articles

The CARES Act and the Healthcare Industry

Written By Leigh A. Wilkinson

This week, the U.S. Senate passed the "Coronavirus Aid, Relief, and Economic Security Act" (the "CARES Act") to respond to the COVID-19 crisis.   The House is set to vote on Friday, and the passage of the CARES Act a…

CARES Act Raises Small Business Bankruptcy Debt Ceiling to $7,500,000

Written By Lance P. Martin

We previously informed you that if you are a small business that needed to file bankruptcy to save your company, then you may be able to take advantage of Subchapter V of Chapter 11 of the Bankruptcy Code.  The new s…

CARES Act: Providing Payroll Relief to Employers in Response to COVID-19

This week, the U.S. Senate passed the "Coronavirus Aid, Relief, and Economic Security Act" (the "CARES Act") to respond to the COVID-19 crisis.  The House is set to vote on Friday, and the passage of the CARES Act ap…

SBA Allows Scanned Copies of Documents During COVID-19 Crisis

Written By Lance P. Martin

The SBA permits SBA Lenders to use electronic signatures on SBA forms and other documents requiring signatures on 7(a) and 504 business loans provided they comply with Standard Operating Procedure 50 10.  But with so…

Update: Tax Filing Deadlines Moved to July 15 Amidst COVID-19 Pandemic

Written By Peter B. von Stein

The IRS announced on Saturday, March 21, that it would move the U.S. income tax filing deadline for all taxpayers and businesses from April 15th to July 15, 2020.  More expansive than prior relief measures, the feder…

COVID-19 Relief Package to Include Small Business Loans

Written By Joanne H. Badr

On March 25, 2020, the U.S. Senate unanimously voted to advance legislation titled Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") to respond to individuals, families, and businesses affected by the co…