Blog
A Bankruptcy Response to COVID-19: The Small Business Reorganization Act
By Erich Paetsch, Attorney in the Creditors' Rights & Bankruptcy and Litigation Practice Groups In response to the COVID-19 pandemic that is drastically impacting the United States we know, many lenders significantly increased loan loss reserves.[1] Recognizing that...
Who CARES: Insolvency and the Payroll Protection Program
This article was originally published in the Oregon State Bar Debtor Creditor Newsletter in the Spring of 2020. By Erich Paetsch, Attorney in the Creditors' Rights & Bankruptcy and Litigation Practice Groups The Coronavirus, Aid, Relief, and Economic Security Act...
CFPB Provides Guidance to Lenders Regarding PPP Loans
By Shannon Raye Martinez, Attorney in the Creditor's Rights & Bankruptcy and Litigation Practice Groups On May 6, 2020, the Consumer Financial Protection Bureau (CFPB) published a policy statement answering three questions relating to the Paycheck Protection Program...
The CARES Act: Special COVID-19 Relief for Individual Retirement Accounts
By Jeffrey G. Moore, Attorney in the Estate Planning & Probate Practice Group These are curious times. The COVID-19 has adversely affected almost everyone in one way or another. Those who have been financially affected and who own an Individual Retirement Account...
Evaluating and Documenting the Need for PPP Loans; Safe Harbor Extended to May 14th, 2020
By Caleb Williams, Attorney in the Business & Taxation Law Practice Group On May 5, 2020, the Department of Treasury updated the PPP Frequently Asked Questions to announce it was extending the safe-harbor deadline for repayment of unneeded PPP loan proceeds to May 14,...
Oregon DCBS Guidance to Collection Agencies and Debt Buyers Regarding COVID-19
By Litigation Practice Group On April 30, 2020, Oregon’s Department of Consumer and Business Services (“DCBS”) published Bulletin No. DFR 2020-2014 (the “Bulletin”) to provide guidance to Oregon-regulated collection agencies and debt purchasers to actively help...
Business Interruption Coverage in the Age of COVID-19
By Douglas Alexander, Attorney in the Business & Taxation Law Practice Group, and David Briggs, Attorney in the Employment Law and Litigation Practice Groups It seems like each day there is a new twist is issues related to damages being suffered by service...
Oregon’s DCBS Extends Suspensions of Insurance Cancellations and Non-Renewals
By Litigation Practice Group Earlier this month, we wrote about Oregon’s Department of Consumer and Business Services (“DCBS”)’s order (“Order”) suspending all cancellations and non-renewals in place as the date of the Order. The Order applies to all types of...
New Funding is Now Available for PPP Loans
By Caleb Williams, Attorney in the Business & Taxation Law Practice Group Congress has approved additional funding for the Paycheck Protection loan program for small businesses. The action allocates an additional $310 billion to the program. The CARES Act, which...
Oregon’s Corporate Activity Tax (CAT) – Quarterly Payment Due April 30, 2020
By Business & Taxation Law Practice Group The first quarterly payment for Oregon’s new Corporate Activity Tax (CAT) is due by April 30, 2020. If you anticipate that your business may have a CAT liability of more than $5,000 for the calendar year, your business...