Bankruptcy Related Changes Under the CARES Act and the Consolidated Appropriations Act of 2021

By: Daniel F. Brown, Esq. The Consolidated Appropriations Act of 2021 The Consolidated Appropriations Act of 2021 (the “Appropriations Act”) was passed by Congress and became law on December 27th, 2020, and addressed a number of specific bankruptcy issues which had not been addressed as a part of either the original Coronavirus Aid, Relief, and Economic Security Act (the “CARES

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Subchapter V Bankruptcy – A potential lifeline for struggling small businesses

By:  Gary P. Bluestein The financial consequences of COVID-19 have been particularly difficult for a large number of American small businesses and with lockdowns accelerating in many states, many of those businesses will be forced to consider a bankruptcy filing. Ironically, legislation enacted by Congress just prior to the COVID-19 pandemic, may have created a much-needed lifeline for many of

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Debt, Bankruptcy and COVID-19

By: Ruth R. Wiseman, Esq. and Melissa A. Brennan On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES”) Act. The act has created numerous initiatives to help individuals and businesses navigate financial problems resulting from the Covid-19 Pandemic. The details related to many of those programs have been highlighted in numerous blogs and

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Can you discharge your tax debt through Bankruptcy?

By: Gary P. Bluestein, Esq. The general view of most accountants and attorneys we talk to is that tax debt is not dischargeable in Bankruptcy. When we tell them that a tax debt may indeed be dischargeable, people are typically very surprised. While there are many factors that determine whether a tax debt is dischargeable in a bankruptcy filing (primarily

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