Educational Insights

Subchapter V Chapter 11 Update: Debt Limit Extension

Subchapter V Chapter 11 Update: Debt Limit Extension

In late February of 2021, a bipartisan bill was introduced that would extend continued relief to businesses that have been impacted by the Covid-19 pandemic.  The bill is referred to as the Covid-19 Bankruptcy Relief Extension Act, is intended to continue certain...

The Student Loan Pause

The Student Loan Pause

Student loans and payments during the Covid-19 pandemic have taken some interesting turns from the beginning of the pandemic to currently. Currently, payments are suspended, without interest, on all federal student loans through September 2021. This is good news for...

More Bankruptcy Law Changes – The CAA

More Bankruptcy Law Changes – The CAA

New Bankruptcy Amendments – Changes to Chapter 11 Bankruptcy On December 27, 2020, the Consolidated Appropriation Act (“CAA”) was signed and became law.  We have previously described the impact of the CAA regarding the possibility of providing PPP loans to...

Bankruptcy and Family Law: When Can You Proceed?

Bankruptcy and Family Law: When Can You Proceed?

Domestic issues are often precursors to a bankruptcy filing for one or more of those involved. The intersection between family law and the automatic stay provisions of the Bankruptcy Code is often cloudy. The automatic stay may prevent certain matters from moving...

Subchapter V Bankruptcy – A Small Business Lifeline

Subchapter V Bankruptcy – A Small Business Lifeline

Although the law has only been in place for a relatively short amount of time, businesses in West Michigan and throughout the State have begun to utilize Subchapter V Bankruptcy (Chapter 11), as a means of obtaining relief from current difficult economic...