Lender CARES: Evaluating Options for Sole Proprietors, Independent Contractors and Gig Workers

By Erich Paetsch, Creditor’s Rights & Bankruptcy and Litigation Attorney When the Coronavirus, Aid, Relief and Economic Security (CARES) Act became law on March 27, 2020, government support programs were made available to independent contractors and other small businesses decimated by COVID-19 and the public health response. In a rapidly changing environment, many of these small

COVID-19’s Impact on Credit Reporting

By Litigation Practice Group On April 1, 2020, and as part of the federal government’s response to the COVID-19 pandemic, the Consumer Financial Protection Bureau (“CFPB”) issued a policy statement (“Statement”) to guide lenders and credit reporting agencies as to their reporting obligations under the recently-passed Coronavirus Aid, Relief and Economic Security Act (“CARES Act”). In the Statement,

Paycheck Protection Program Guidance Now Released

By Caleb Williams, Business & Taxation Attorney, and Erich Paetsch, Creditor’s Rights & Bankruptcy and Litigation Attorney The US Treasury in coordination with the US Small Business Administration just released its initial guidance for borrowers and lenders on the Paycheck Protection Program loans authorized by the CARES Act. The guidance includes important information for small

Small Business Assistance Under the CARES Act

The Coronavirus Aid, Relief, and Economic Security Act, or “CARES Act” was signed into law on March 27, 2020, in response to the Coronavirus (COVID 19) pandemic. The CARES Act provides financial assistance to small businesses impacted by COVID 19. To assist our clients in understanding what benefits may be available through this legislation, we