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Paycheck Protection Loan Forgiveness

Are Paycheck Protection Loans Forgiven? The SBA clarified in the April 15th, 2020 Final Interim Rule that paycheck protection loans may be forgiven up to the full principal amount of the loan and accrued interest. Borrowers would not be responsible for any loan payment so long as they meet the...

The Difference Between Independent Contractors and Agents

What's the Difference Between an Independent Contractor and an Agent? From an agency law perspective, independent contractors and agents are different in very meaningful ways. When we look at independent contractors and agents; they are to be treated differently as far as the law is concerned. The distinction between the...

Car Loans in Bankruptcy

Car Loans in Bankruptcy Car loans are normally secured debts - if the loans are not paid back, the lender usually has the right to repossess the vehicle because the vehicle itself was pledged as collateral to secure the loan. Secured debts are handled a bit differently if you file...

Attachment of Security Interests

The Attachment of Security Interests If someone is seeking to obtain a security interest, they hope to enforce their interest against some type of property (collateral) if their debt is not paid. In order for them to enforce the security interest, it must first attach to some collateral. Attachment is...

Chapter 7 Bankruptcy

Chapter 7 Bankruptcy Bankruptcy protection in the United States involves several “types” of bankruptcies. Each type of bankruptcy is governed by different Chapters of the Bankruptcy Code. Maybe you’ve heard of Chapter 7, Chapter 11 or Chapter 13 Bankruptcy? Those phrases are used as short form but are also technically...

The Sears Bankruptcy

The Sears Bankruptcy Sears, a well known chain of department stores, was founded in the early 1890’s. The retailer was a pioneer in the modern trend of retailers who sell such a wide range of products that people can quite possibly find anything they want. Today, we all know Amazon...