Helping Families For Over 30 Years
Forgiveness of the PPP and the SBA Disaster Loan Assistance – What the Banks did not tell you. Now that small businesses and individuals are applying for PPP forgiveness, it is becoming clear that PPP loans will probably not be forgiven if a borrower also received an SBA Economic Injury Disaster Loan (EIDL). Therefore, if […]
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The federal stimulus package, which is also called the CARES Act, directs the IRS to send you a stimulus check. Under the CARES Act, your stimulus check is specifically exempt from being counted as income in your Bankruptcy case. However, once you file a Bankruptcy case, the expectation of your stimulus check and the actual […]
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Here are some suggestions to keep your business alive over the next few months until COVID lets up. Review your Income and Expenses Delay or eliminate expenses where possible. Reduce your overhead. Reach out to all accounts payable and ask them to make smaller, but continuous payments to you, so that everyone continues to have […]
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The new Federal “Cares Act” will allow Chapter 13 debtors to modify their existing Plans to 84 months instead of 60 months. Existing Debtors must prove a “material financial hardship” as a result of the COVID-19 pandemic. Extending the Plan payments will help debtors who will need to make up non-payment to the Chapter 13 […]
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By: Allen A. Kolber, Esq. Last week the Federal Bankruptcy Judge in White Plains, NY issued a warning that many people are filing emergency Bankruptcy cases to stop foreclosure sales. The Bankruptcy Court warned that these individuals were abusing the system by paying only a partial filing fee, failing to file the required documents and […]
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Allen A. Kolber, Esq.(845) 547-0682134 Route 59
Suffern, New York 10901
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