A recent analysis from Bloomberg (see below) identifies what counsel to small businesses already knows regarding MCAs; the funding concept can be a trap for the unwary and put a company in a death spiral. Often the only option is a Subchapter V case:…
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Published on October 31, 2022 – USCOURTS.GOV Personal and business bankruptcy filings fell 11.7 percent for the 12-month period ending Sept. 30, 2022. Filings continued a fall that coincided with the start of the coronavirus (COVID-19) pandemic. Ac…
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Under the heading of “one hand giveth and one hand taketh away”, attorneys have mused about the possibility that creditors could garnish payments to individuals and corporations that receive benefits under the CARES Act. This concern is p…
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Total U.S. commercial bankruptcy filings increased 10 percent in July 2016 over July of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 2,922 in July 2016, up from the July 2015 total of 2,661. July is the ninth…
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