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State by State Reopening Update

Receivables Control

This list was created on May 11, 2020 and it is subject to change quickly as the health, economic, and political landscapes continue to change rapidly. Alabama: Effective May 11, limited operations of restaurants, hair and nail salons and gyms are allowed at reduced capacity. As of May 11, restaurants can open at half capacity.

Retail 67
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Bankruptcy Court Won’t Dabble in Case Concerning a Marijuana Business

PBWT

In November 2020, Arizonan voters supported a ballot initiative legalizing recreational use of marijuana. Like many other retail businesses, those dispensaries needed suppliers, who in turn needed manufacturers, who themselves needed to procure equipment. Pursuant to 11 U.S.C. § The bankruptcy trustee and the U.S.

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Small Businesses in ‘distress’ number triples

UK debt collections

of the total distressed firms whilst manufacturing is at 6.7%. Data on 01 January 2020. Manufacturing. Almost 60% of Businesses in these sectors are the hardest hit. Sectors that have been allowed to ‘reopen’ have been showing signs of improvement. Construction companies make up 7.9% Listed Business (PLC) Data.

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19 Blue Chip Stocks for Incredibly Reliable Dividends

Credit Corp

Also, the company generated $71 billion in sales in fiscal 2020. This operational strength was evident in 2020, when the coronavirus pandemic wreaked havoc on the U.S. In the 2020 fourth quarter, total revenue increased 7% as comparable sales grew 8.5% 2020 was another year of growth for PepsiCo. year-over-year.

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Burr’s Derek Meek and Mike Hall Named to Lawdragon’s Inaugural Leading Bankruptcy Lawyers List

Burr Forman

Birmingham Partners Derek Meek and Mike Hall have been recognized on the 2020 Lawdragon “ 500 Leading U.S. Derek also regularly advises clients in and around the automotive manufacturing space, including OEMs, tier-suppliers, financiers, and transportation providers. Bankruptcy and Restructuring Lawyers.

Lawyers 40
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New Court Ruling on Whether Avoidance Powers Require Benefit to Creditors

PBWT

See, e.g., 11 U.S.C. §§ June 11, 2021). Glove, Inc. (“Plaintiff”) is a manufacturer of gymnastic grips and wrist supports. The larger note is secured by Plaintiff’s property, but for unknown reasons, the security interest was not perfected until June 2020, 20 months after the buyout closed.

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Considerations When Closing a Small Business with PPP or EIDL Debt

Jimerson Firm

Certain entities facing ongoing financial hardship will chose to seek Chapter 11 or other bankruptcy protection, and while PPP loan and Coronavirus-related EIDL generally are forgivable, exactly how such loan default will be treated through reorganization is the subject of much current litigation and has yet to be fully determined.