News & Analysis as of

CARES Act Financial Distress

Levenfeld Pearlstein, LLC

Congress Considers Another Extension to the Subchapter V $7.5 Million Debt Limit

On February 19, 2020, Congress enacted the Small Business Reorganization Act (“SBRA”) to, among other things, streamline the chapter 11 bankruptcy process for a small business by creating subchapter V of the Bankruptcy Code....more

Bradley Arant Boult Cummings LLP

The Future of Default Servicing

As fears of a recession grow, it would be prudent for everyone—servicers and regulators alike—to think hard about default servicing improvements and reforms. More than two years after the COVID-19 pandemic took hold of the...more

Kaufman & Canoles

Bankruptcy Alert – When PPP Wasn’t Enough: Considerations for Lenders When PPP/EIDL Borrowers File for Bankruptcy

Kaufman & Canoles on

Travel back in time to the Spring of 2020: people are searching for toilet paper and spraying down their groceries with Lysol. In addition, lenders are tackling the new loan programs created under the CARES Act. Lenders are...more

Bradley Arant Boult Cummings LLP

Interplay of the Cares Act's Forbearance Framework and Regulation X's Loss Mitigation Rules

On March 13, 2020, President Donald Trump declared a national emergency in response to the novel coronavirus disease (COVID-19). Shortly thereafter, to assist consumers impacted by the COVID-19 pandemic, Congress passed the...more

Kelley Drye & Warren LLP

The CDC Will Extend its Eviction Moratorium through the End of June, Despite Mixed Reception in the Federal Courts

The COVID-19 pandemic has fueled fears about mounting evictions, prompting the federal government, as well as many states, cities, and counties, to minimize the impact of the crisis on tenants, including by placing moratoria...more

Rumberger | Kirk

Restaurant Revitalization Grant Offers Relief to Restaurants and Bars: Opens May 3

Rumberger | Kirk on

It is no secret that the restaurant industry has been one of the harder-hits of the COVID-19 pandemic. With government shutdowns, limits on hours, restricted operations, and social distancing requirements,...more

Lowndes

SBA Announces New Application Details and Guidelines for the $28.6-billion Restaurant Revitalization Fund

Lowndes on

On Saturday, April 17, 2021, the Small Business Administration (SBA) provided an update for the Restaurant Revitalization Fund (RRF) grant application....more

McCarter & English, LLP

SBA to Provide $28.6 Billion In Grants For Restaurants And Bars

The $1.9 trillion stimulus package, known as the American Rescue Package (the “Rescue Package”), enacted on March 11, 2021, established a $28.6 billion Restaurant Revitalization Fund (“Restaurant Fund”) for restaurants and...more

Lowndes

Restaurant Revitalization Fund Provides Hope to the Food and Beverage Industry—But Applicants Will Need to Act Fast

Lowndes on

When the American Rescue Plan Act of 2021 (H.R. 1319, the “ARP”) became public law on March 11, 2021, it was the first time since the COVID-19 pandemic began that relief for the restaurant industry was specifically addressed....more

Bricker Graydon LLP

Ohio federal judge rules against CDC’s eviction moratorium

Bricker Graydon LLP on

On March 10, 2021, Judge Philip Calabrese of the Northern District of Ohio ruled that Congress had not authorized the Centers for Disease Control and Prevention (CDC) to adopt a nationwide eviction moratorium for COVID-19....more

Dentons

Iowa Supreme Court Issues Supervisory Order Regarding CDC Eviction Order

Dentons on

As discussed in our January blog post, Congress extended the September 4 CDC Order, which temporarily halts certain residential nonpayment evictions, through March 31, 2021. As anticipated, on March 11 the Iowa Supreme Court...more

Levenfeld Pearlstein, LLC

Legislation Introduced To Extend CARES And CAA Bankruptcy Provisions

On February 25, 2021, Senators Durbin and Grassley introduced bipartisan legislation to extend the expiration dates of certain bankruptcy provisions of the CARES Act and the Consolidated Appropriations Act to March 27, 2022. ...more

Schwabe, Williamson & Wyatt PC

Oregon Commercial Rent Relief Program

From the inception of the COVID-19 pandemic, Oregon has sought to avoid a tsunami of evictions of both residential and commercial tenants. The tool employed most frequently is to suspend tenants’ obligation to pay rent. This...more

Rumberger | Kirk

Texas Federal Court Ruled Federal Government Has No Constitutional Power Over Foreclosures and Evictions

Rumberger | Kirk on

A federal court in Texas has ruled that the federal government has no constitutional power to prohibit real estate foreclosures and evictions pursuant to coronavirus legislation and regulation, calling into question whether...more

Mintz - Bankruptcy & Restructuring Viewpoints

Consolidated Appropriations Act of 2021 Amends Bankruptcy Code - Part 1: Amendments Clarifying Debtors’ Rights to Other Pandemic...

On December 27, 2020, in response to the economic distress caused by the COVID-19 pandemic and to supplement the CARES Act enacted in March 2020, the Consolidated Appropriations Act of 2021 (the “Act”) was enacted. In...more

Bradley Arant Boult Cummings LLP

The CARES Act at Six Months: What’s Ahead for the Mortgage Industry

The CARES Act provided historic, temporary relief to mortgage holders facing Covid-19-related financial troubles. R. Aaron Chastain, partner at Bradley Arant Boult Cummings LLP, looks at where mortgage lenders and servicers...more

K&L Gates LLP

COVID-19: Washington State Resource for Individuals Dealing with COVID Financial Impacts (Updated #2)

K&L Gates LLP on

This guidebook is designed to serve as an interactive reference for individuals in Washington state looking for information and resources available to help with the financial impacts of COVID-19. It is not legal advice and...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, October 2020 # 7

Hogan Lovells on

In Washington: Hopes for a quick resolution to the stimulus talks continue to fade though House Speaker Nancy Pelosi (D-CA) and Treasury Secretary Steven Mnuchin continue talking this week to try and bridge the gap between...more

Alston & Bird

CMS Announces New Repayment Terms for Medicare Accelerated and Advance Payment Program Loans

Alston & Bird on

Our Health Care Group details how changes by the Centers for Medicare & Medicaid Services to the AAP loan program delays repayment obligations for all health care providers and suppliers that received AAP loans during the...more

Alston & Bird

Update: The Federal Moratorium On Residential Evictions Faces A New Class Action

Alston & Bird on

A&B ABstract: The National Apartment Association, along with several landlords, has challenged the order of the Centers for Disease Control and Prevention (“CDC”) that imposed a nationwide moratorium on certain residential...more

Bilzin Sumberg

Legal Challenges Greet New Moratorium on Residential Evictions, Foreclosures

Bilzin Sumberg on

On September 4, the Centers for Disease Control (CDC) imposed a moratorium on residential foreclosures and evictions through the end of this year. The move quickly followed comments by the Trump administration that it would...more

Amundsen Davis LLC

CDC Issues National Moratorium On Residential Evictions: What It Means For Landlords And Tenants

Amundsen Davis LLC on

On September 4, 2020, the Centers for Disease Control and Prevention (CDC) issued an order (Order) that places a moratorium on residential evictions due to non-payment of rent through and including December 31, 2020. While...more

Womble Bond Dickinson

CDC Eviction Moratorium

Womble Bond Dickinson on

As we noted in our September 4, 2019 alert, in an effort to supplement the action by Federal, State, and local governments to combat the spread of COVID-19, the Centers for Disease Control and Prevention, located within the...more

Ward and Smith, P.A.

CDC Enacts New Residential Eviction Moratorium

Ward and Smith, P.A. on

The CDC's Order comes as other eviction moratoria and eviction protections provided at the federal, state, and local levels have expired or are set to expire.  For example, the eviction moratorium provided by the Coronavirus...more

Ballard Spahr LLP

Q&A: How the CDC’s Temporary Eviction Halt Affects Landlords

Ballard Spahr LLP on

Following an Executive Order by President Trump on August 8, 2020, the Centers for Disease Control (CDC) filed a notice of an agency order on September 1, 2020, in the Federal Register entitled Temporary Halt in Residential...more

55 Results
 / 
View per page
Page: of 3

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide