A New Option from the Consumer Financial Protection Bureau. On March 27, 2020, in the early days of the Covid-19 pandemic, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. A major purpose of this wide-reaching law was…
Eviction
Understanding the Massachusetts Eviction Moratorium
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What You Need to Know and How to Stay in Your Home Amidst a global pandemic and a faltering economy, many Massachusetts renters faced eviction. Many were, and still are, out of work due to the Covid-19 outbreak. On…
Business Bankruptcy
Subchapter V: A Simpler Type of Business Bankruptcy
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In the days before the Covid-19 pandemic, a new chapter of bankruptcy was created to make small business bankruptcies faster and cheaper. This new “Subchapter V” could not have come at a better time. Subchapter V was recently made more…
Chapter 11
Bankruptcy and Taxi Medallions
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After years of steady growth, the value of taxi medallions in Greater Boston has begun to decline rapidly. Much of this is due to competition from ride share companies, such as Uber and Lyft. Many independent medallion owners funded their…
Business Bankruptcy, Chapter 11
Chapter 11 Bankruptcy May Be the Best Way to Handle Employment Tax Debts
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As most small business owners know, there are various business taxes a company is required to collect, account for, and pay over to the taxing authorities. In Massachusetts, businesses are required to withhold income for both state and federal income…
Business Bankruptcy, Taxes and Bankruptcy
Bankruptcy and Sales Tax Problems
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A sales tax debt is a tough debt to have. Because of penalties and personal liability, bankruptcy may sometimes be the only way to manage a tough sales tax problem. What is the sales tax and who is required to…