CARES Act Amends Bankruptcy Code To Allow More Small Businesses To Take Advantage Of New Streamlined Chapter 11 Process
CLIENT ALERT By: James LaMontagne April 19, 2020 Chapter 11 of the Bankruptcy Code allows struggling businesses to reorganize while retaining control of their assets and operations. It provides invaluable tools for a business to, among other things, restructure debt and do away with burdensome contracts. But the chapter 11 process is often slow and […]
Use of PPP Loan Proceeds and Forgiveness
CLIENT ALERT By: Colleen Lyons April 19, 2020 Businesses whose Paycheck Protection Program (“PPP”) loan applications were approved by the United States Small Business Administration (“SBA”) as part of the initial $349 billion appropriation under the CARES Act have or will soon receive PPP loan proceeds from their lenders. While the SBA has not yet […]
This is a Perfect Time to Review Estate Planning and to Know How the CARES Act Affects Retirement Plan Distributions
CLIENT ALERT By: Bradford E. Cook April 17, 2020 If you are like me, working from home has resulted in early garden clean-up, tidying up the garage and putting things in order, reading the rest of unfinished books, and having more time to confuse the pets by being around so much. For many of our […]
SBA Issues PPP Loan Guidance for Self-Employed Individuals
CLIENT ALERT By: Colleen Lyons April 16, 2020 On April 14, 2020, the U.S. Small Business Administration (“SBA”) issued an interim final rule (“IFR”) providing guidance for individuals with self-employment income who file a Form 1040, Schedule C and who are interested in applying for assistance under the Paycheck Protection Program. This new IFR supplements […]
New Emergency Order – New Hampshire Agencies Temporarily Extend Some Compliance Deadlines and Requirements, Starting with Environmental Programs
CLIENT ALERT By: Tom Burack, Lynn Preston and Robert Cheney April 10, 2020 April 15 Deadline for Filing Annual Air Emission Reports Extended to May 15! Temporary relief from some deadlines and requirements is on its way under various New Hampshire regulatory programs, starting with regulations administered by the New Hampshire Department of Environmental Services […]
When Business Resumes, What Responsibilities Will Companies Have to Prevent the Spread of COVID-19?
CLIENT ALERT By: J.P. Harris April 10, 2020 For the last several weeks, most businesses have closed voluntarily or were closed as a result of an executive order. Although social distancing is clearly working to slow the spread of the COVID-19 virus, everyone is anxious to get back to normal operations as quickly as possible. […]
Beware of the Courts Bearing Gifts: Is the Supreme Judicial Court’s Order Tolling Statutory Deadlines Constitutional?
CLIENT ALERT By: Michael Lambert and Michael Stanley April 10, 2020 On April 6, 2020, the Massachusetts Supreme Judicial Court’s (“SJC”) Order Regarding Court Operations Under the Exigent Circumstances Created by the COVID-19 (Coronavirus) Pandemic (the “Order”) became effective. The Order discussed access to courts, emergency matters, clerk’s office procedures, and trial deadlines. Importantly, the Order […]
The Importance of Being Proactive for Tenants, Landlords and Lenders
CLIENT ALERT By: Bruce Bagdasarian April 10, 2020 The Coronavirus pandemic has caused widespread hemorrhaging in the real estate industry. While the retail and hospitality sectors have taken the brunt of the crisis, all property types are being affected. And as tenants begin to suffer, so too will their landlords and their lenders. Tenants are […]
CMS Issues Waivers of Sanctions under the Stark Law During COVID-19 Emergency: Examples and Guidance
CLIENT ALERT By: Andrew B. Eills April 9, 2020 Last week, the Centers for Medicare and Medicaid Services (CMS) issued blanket waivers of sanctions under the federal physician self-referral law[1], also known as the “Stark law.” https://www.cms.gov/files/document/covid-19-blanket-waivers-section-1877g.pdf The purpose of these waivers is to support physicians and health care providers in responding to the COVID-19 […]
Cares Act Protections for Borrowers and Tenants
CLIENT ALERT By: Joel G. Kinney April 6, 2020 The Coronavirus Aid, Relief and Economic Security Act, or CARES Act, was signed into law on March 27, 2020 and includes three provisions addressing emergency relief for borrowers of Federally backed mortgages and any tenants in properties that are subject to those mortgages. These protections include: […]
