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Understanding CARES Amendments and the Small Business Bankruptcy Act of 2019
05/19/2020 04:00 PM Posted by: AIS InfoSource Poster Avatar
With the economic crisis created by COVID-19, Congress has passed the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act”). Along with wide sweeping financial aid, the CARES Act amends the newly created Small Business Reorganization Act of 2019, subchapter 8 of Chapter 11, substantially increasing the financial scope of the streamlined procedures of subchapter 8 and the amendments to Chapter 13.

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12
April Job Losses Produce Largest Monthly Decline Since 1939
05/12/2020 04:00 PM Posted by: AIS InfoSource Poster Avatar
April’s employment report, as released by the U.S. Department of Labor on May 8th, proved that COVID-19 has caused a serious setback to the U.S. economy. The April unemployment rate rose to a record 14.7% totaling to 20.14 million jobs lost.

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3
Bracing for Surge In Small Business Bankruptcies
05/08/2020 04:00 PM Posted by: AIS InfoSource Poster Avatar
The bankruptcy industry is preparing for a spike in small business bankruptcies triggered by the coronavirus pandemic and slow economic growth over the past decade. According to a poll by the U.S. Chamber of Commerce, more than 40 percent of the nation’s 30 million small businesses could close within the upcoming months.

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