RITE AID TO FILE CHAPTER 11 BANKRUPTCY: WHAT TO KNOW Rite Aid is in financial trouble, and with over 1000 federal, as well as a number of state-level lawsuits over allegations that the company contributed to the opioid crisis by oversupplying painkillers, etc., it is preparing to file a Chapter...
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...
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...