Lawful Thoughts®

Focused on Legal Issues Affecting Businesses
of All Shapes and Sizes

PPP Loans: Frenetic Fixes and Forgiveness

Posted on by Kurt Magette in Corporate and Business

The rules related to Payroll Protection Program (“PPP”) loans are confusing. This article provides a summary and, hopefully, some clarity.
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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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Grocery Wars Are Back!

Posted on in RVA Grocery and Delivery Wars

The Richmond Region Grocery Wars continue. Here's the latest update.
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Virginia Employers Subject to Multiple New State Statutes

Posted on by David F. Dabbs in Employment Law

This article summarizes multiple new state laws effective July 1, 2020 and thereafter in the Commonwealth of Virginia.
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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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Summary of the Paycheck Protection Program Created in the CARES Act

Posted on in Corporate and Business

The Paycheck Protection Program was created as part of the CARES Act to relieve small businesses impacted by the Coronavirus pandemic.
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Impacts of the Federal Legislative Relief Packages on Small Businesses

Posted on in Corporate and Business

The CARES Act is a stimulus package, which provides over $349 billion for the Small Business Administrationto guarantee loans to small businesses
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