The first blog in a four part series about filing for a Chapter 7 or 13 bankruptcy. By Sara E. Cook Often when a large corporation files for bankruptcy, you will hear that it is the right business decision, it gives them a chance to right size, change direction, get rid of unprofitable businesses and […]
Small Business Reorganization Act of 2019 and CARES Act Benefits for Bankruptcy Filers
During economic hardships, small businesses may need to utilize the oft option of filing for bankruptcy protection to reorganize their debt. Bankruptcy often is considered a last resort option. Yet, it provides a powerful mechanism for individuals and small businesses to reorganize and manage their debt. The Small Business Reorganization Act of 2019 (“SBRA”) added […]
Employers Should Have a COVID-19-Return-to-Work Plan Before Reopening
As more states loosen the COVID-19 Shelter in Place laws and people begin to return to previously sheltered business, it is essential that businesses have a plan for how that return to work will look and, equally important, convey relevant portions of the plan to its employees.
COVID 19 Pandemic-Notice To Insurers-Who To Notify And When
The landscape of insurance coverage in this era of the COVID-19 Pandemic is likely to change as insurance lawsuits are being filed to determine scope of insurance coverage. Meanwhile, in direct response to COVID-19, several states are attempting to modify Commercial General Liability (CGL) Insurance policies through legislation to provide coverage, particularly business interruption insurance, […]
COVID –19 Relief Programs For Small Businesses
Different programs are available to assist small businesses during this COVID-19 disaster which has swept the country. Small businesses employ over 50% of our employed workers, and are straddled with great challenges in trying to navigate this crisis. Various sources are being developed to help small businesses, which may make the difference between survival and […]
Illinois COVID-19 Executive Order 17 Extends Immunity To Healthcare Professions
Illinois issued an executive order to protect healthcare workers against liability for negligent treatment of COVID-19 patients.
Insurance Coverage And The COVID 19 Pandemic
As more than a billion people are under some sort of quarantine law and numerous US states and foreign countries have “shelter in place” laws now shuttering many businesses, COVID 19 has caused a financial crisis for many businesses.
Illinois Employers Shelter In Place Order – Corona Virus (COVID-19) Outbreaks
Less than three weeks ago, I wrote a blog regarding why employers needed to be prepared for the reality that the Corona COVID – 19 virus could shut down business. At that time, there had only been two confirmed Illinois cases – three weeks later, Illinois has over 1,000 known cases of COVID 19s, the […]
Illinois Employers Should Be Prepared For Corona Virus (COVID-19) Outbreaks
Illinois has had only two confirmed cases of the Corona COVID-19 virus and both patients recovered. According to the Illinois Dept. of Health, there are no known, infectious Illinois residents at this time. Nevertheless, employers need to plan.