Epps & Coulson, LLP is pleased to announce that TAMAR TERZIAN has joined our Firm as a Partner. Mrs. Terzian’s practice centers around bankruptcy, tax and healthcare. She represents bankruptcy clients ranging from individuals to trustees and large and small businesses. Her extensive bankruptcy experience includes creditor and debtor work...
BUSINESS BANKRUPTCIES: IF YOU’RE FEELING THE PINCH, DON’T WAIT TO FILE On March 28, 2022, certain provisions in the CARES Act expire. Importantly for businesses on the brink, the amount of eligible debt permissible for a debtor to file under subchapter V decreases from $7,500,000 back to the original amount...
New Federal Rule on “Surprise Medical Bills” On July 1, 2021, the US Department of Health and Human Services (HHS,) Labor and Treasury and the office of Personnel Management, issued “Requirements related to Surprise Billing; Part 1,” an interim final rule restricting “Excessive” out of pocket cost to consumers. This...
BANKRUPTCY COURT – If Debtor is Solvent, Default Interest and ‘Make-Whole’ Contract Provisions are Enforced With the impending onslaught of bankruptcies, now is the time to consider the terms in your agreements with those who owe you money. A recent bankruptcy in Texas confirms that: Contract default judgment terms...
Bankruptcy: New U.S. Supreme Court Case on Automatic Stay Holding Property To Maintain Status Quo Does Not (Necessarily) Violate Automatic Stay: Bankruptcy courts in most jurisdictions have held over the years that merely keeping property of a debtor after the debtor filed a bankruptcy petition violated the automatic stay provisions...
NEW LANDLORD PROTECTIONS - COVID BANKRUPTCY FILINGS BY TENANTS The newly enacted Consolidated Appropriations Act, 2021 (“CAP”) makes several amendments to the Bankruptcy Code based upon the severe financial hardships suffered by both tenant debtors and landlords as a result of the COVID-19 pandemic. The amendments relate to the deferral...
Bankruptcies: Abatement of Rent During the Pandemic 2020 has not been kind to landlords, restaurants, and other segments of the retail industry. Commercial landlords need rents to pay the property taxes, insurance and mortgage, which may be guarantied by the owners of the corporate landlord. Commercial tenants need retail sales...
Bankruptcies are on the Rise Do Not Violate the Automatic Stay or Discharge Injunction The American Bankruptcy Institute issued a report on October 29th that indicated that as stimulus checks and other forms of temporary relief run out, experts are projecting an increase in personal bankruptcy filings, which have so...
What to do if someone who owes you money is on the verge of bankruptcy In view of the current economic situation caused by the coronavirus pandemic, creditors should develop a strategy for addressing how to maximize collections, including in anticipation of a debtor’s potential bankruptcy. Action now is...