14
New Bankruptcy Law Can Protect Small Businesses from Defaulting on Federal Loans
06/25/2020 04:00 PM Posted by: AIS
With the recent economic impact of COVID-19, small businesses have suffered tremendously. For those who wish to avoid default, experts suggest that small businesses consider bankruptcy protection. Under the Small Business Reorganization Act, enacted in February 2020, Chapter 11 bankruptcy offers a favorable option by lowering costs, simplifying procedures, and providing greater flexibility in plan confirmation requirements to help small businesses regain control of their operations.

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13
U.S. Initial Unemployment Claims Continue to Fall; Big Obstacles Still Lie Ahead
06/12/2020 04:00 PM Posted by: AIS
According to the Labor Department, the number of people seeking unemployment benefits declined to 1.5 million (week ended June 6). This marks the tenth consecutive week of declining claims.The number of Americans currently receiving unemployment benefits appears to have stabilized, totaling 20.9 million (week ended May 30). However, "continuing claims” remain at a historic level, 14.3 million above the previous record in 2009.

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6
May Marks Third Consecutive Month of Declining Bankruptcies
06/11/2020 04:00 PM Posted by: AIS
In the latest AIS Insight report, bankruptcies for the month of May totaled 39,961 representing a 41.94% decrease from the 68,829 filed in May 2019. Making it the third consecutive month of declining bankruptcy volumes, compared to the same time period in 2019. Although, chapter 11 bankruptcies increased by 42% in May to 758 filings.

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