Blog Posts from Business Recovery

Recent SBA PPP Loan Forgiveness FAQ’s Concerning Business Owner Compensation

Recent SBA PPP Loan Forgiveness FAQ’s Concerning Business Owner Compensation

Aug 17, 2020
On August 4, 2020, the U.S. Small Business Administration (SBA) issued new Frequently Asked Questions (FAQs) to address and clarify certain aspects of the PPP Loan Forgiveness process.
Chapter 11 Subchapter V: What Creditors Should Expect

Chapter 11 Subchapter V: What Creditors Should Expect

Aug 10, 2020
This article briefly discusses the early stages of a Subchapter V case—the Notice, the Status Conference, and the Plan—and a brief status-report of Subchapter V cases in Vermont.
The New Streamlined Bankruptcy Solution For Small And Medium Sized Businesses

The New Streamlined Bankruptcy Solution For Small And Medium Sized Businesses

Jul 02, 2020
The Small Business Reorganization Act (“SBRA”), effective February 2020, added a new subchapter to the United States Bankruptcy Code that provides a streamlined process for small businesses to reorganize under Chapter 11 by eliminating many of the traditional Chapter 11 requirements.