Creditors' Rights, Bankruptcy and Insolvency

New Virginia Laws Of Which Creditors Should Be Aware

Posted on by Neil E. McCullagh in Creditors' Rights, Bankruptcy and Insolvency

Earlier this year, we highlighted Virginia’s recent changes to the required notice for a foreclosure on owner-occupied residential real estate. That article can be found here. In this article, we high...
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Recent Developments Affecting Lenders

Posted on by Neil E. McCullagh, Karl A. Moses, Jr. in Creditors' Rights, Bankruptcy and Insolvency

This month we (a) detail upcoming changes to the required notice for a foreclosure on owner-occupied residential real estate, (b) discuss the U.S. Supreme Court’s recent decision that a creditor did n...
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The Small Business Reorganization Act and Subchapter V Bankruptcy

Posted on by Neil E. McCullagh, Christopher A. Hurley in Creditors' Rights, Bankruptcy and Insolvency

The Small Business Reorganization Act of 2019 (the “SBRA”) became effective on February 19, 2020, and is aimed at giving small business debtors a simpler and less costly avenue to successful reorganiz...
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Recent Developments Affecting Lenders

Posted on by Neil E. McCullagh, Kasey L. Hoare in Creditors' Rights, Bankruptcy and Insolvency

This month we (a) highlight an emerging split among the courts regarding the eligibility of companies in bankruptcy to receive loans under the Paycheck Protection Program, (b) review some recent bankr...
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Interagency Statement on Loan Modifications for Customers Impacted by COVID-19

Posted on by Karl A. Moses, Jr. in Creditors' Rights, Bankruptcy and Insolvency, Finance

An interagency statement was issued regarding loan modifications and reporting by financial institutions working with customers affected by COVID-19.
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COVID-19 and the "Material Adverse Change" Clause

Posted on by Neil E. McCullagh in Corporate and Business, Creditors' Rights, Bankruptcy and Insolvency

Due to the COVID-19 pandemic, our firm has received a number of inquiries about “force majeure” and “material adverse change” contract clauses.
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Analyzing Authority Under a Power of Attorney

Posted on by Matthew Yanovitch in Creditors' Rights, Bankruptcy and Insolvency, Estate Planning and Administration

Financial institutions are routinely presented with powers of attorney and asked to transact business with the agent presenting the document.
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