CBH Client First in Michigan to Receive Small Business Bankruptcy Confirmation
On September 28, 2020, CBH’s, client Purple East Plus, Inc. (“Purple East”) became the first small business in the State of Michigan to have a plan of reorganization confirmed under the newly enacted Small Business Reorganization Act (“SBRA”), 11 U.S.C. § 1181 et seq. The SBRA was signed into law on August 23, 2019 and […]
COVID-19 and the Service Industry—BarFly (Hopcat) Files for Chapter 11
Potentially more than any other sector, the food and beverage industry has been devastated by the social, physical, and economic side effects of the spread of COVID-19. For roughly three months, restaurants and bars, which are dependent upon in-person service, were effectively precluded from servicing their clientele, resulting in massive declines in revenue and, for […]
IN THESE TRYING TIMES, KNOW THAT HELP IS OUT THERE AND YOU HAVE OPTIONS
Undoubtedly, this is a challenging time. Not only are you worried about your family’s health, but the impact of COVID-19 has also likely left you concerned about your financial situation. The closure of all restaurants and bars has created significant job and income losses for employees. Employers are likewise hurting, as the CDC and Governor’s […]