Moratorium on Collecting Employee Payroll Taxes – To Collect or Not to Collect Now, That is the Question The President directed the Secretary of the Treasury to use his authority to postpone the period of collection on applicable wages beginning on January 1, 2021 and ending on April...
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...
COVID-19: OSHA Offers Guidance To Employers and Employees in New FAQs On July 2, 2020, OSHA published Frequently Asked Questions[1] on COVID-19 topics. OSHA updated previous guidance and incorporated guidance from other federal agencies. The FAQs provide links to employment-related resources involving workplace safety and health topics, including COVID-19 issues. ...
COVID-19: Force Majeure Clauses in Contracts – Court Decision These are trying times. Did your business get shuttered by governmental mandated closure orders due to COVID-19? Are your business vendors and contract parties still looking to your business to timely pay and perform as normal? Contracts often include a force...
PPP Loan Forgiveness Application For Loan Forgiveness The Paycheck Protection Program Flexibility Act of 2020 (“PPF”), augmenting the Paycheck Protection Program Coronavirus Aid, Relief and Economic Security (CARES) Act (“PPP”) provides businesses more time and flexibility on the PPP loan repayment terms. The U.S. Treasury, through the...
Insurance Lost Business Claims COVID-19 led to an unprecedented closure of businesses. Many businesses shuttered under government COVID-19 Executive Orders filed claims with their insurers for the business interruption. While some businesses had business interruption insurance and made claims under those policies, others did not have specific business interruption insurance,...
Relaxed and More Flexibility Great news! Loans under the Paycheck Protection Program under the Coronavirus Aid, Relief and Economic Security (CARES) Act (“PPP”), and most importantly, the forgiveness requirements provisions have been somewhat relaxed as of this morning by passage of amendments to the PPP Act (“PPPFA”). The changes will...
KEY PROVISIONS OF ASSEMBLY BILL 828 (AB 828): On April 14, 2020, Assemblyman Phil Ting (San Francisco) introduced legislation for a temporary moratorium on foreclosures and evictions due to the economic impact of COVID-19. In an unlawful detainer action, if the tenant’s inability to pay rent is due to increased...
As of Monday, April 6, 2020, all California courts are prevented from processing evictions and judicial foreclosure actions (with some limited exceptions). The emergency rules are designed to protect tenants and borrowers, govern all California State Courts and apply to both residential and commercial tenants and borrowers. Below are synopsis...