Recent Publications - Bankruptcy


Paycheck Protection Program Helps with Operating Expenses
March 30, 2020 | Corporate

The CARES Act, signed into law on March 27, 2020, contains a component that will quickly provide businesses with loans to compensate for lost revenues due to COVID-19.

The Paycheck Protection Program is making $349 billion available to small businesses that were operating as of February 15, 2020, and that have been impacted by coronavirus.

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Stimulus Package Includes Bankruptcy Updates
March 30, 2020 | Bankruptcy

The Coronavirus Aid, Relief, and Economic Security Act(CARES Act), signed by President Trump on March 27, 2020, contains key changes to the Bankruptcy Code. The CARES Act and the previously enacted Small Business Reorganization Act (SBRA) will impact consumers and small businesses that have filed, or may be faced with filing, for bankruptcy relief in

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NYS Offers Forbearance to Borrowers, NYC Allows Penalty Waivers
March 25, 2020 | Banking

On March 21, 2020, Governor Cuomo issued Executive Order 202.9, which is in effect through April 20, 2020. The order provides financial relief to consumers and businesses with outstanding bank loans.

The order modifies subdivision two of Section 29 of the Banking Law to provide that it is an “unsafe and unsound” business practice if

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Tips for Businesses to Navigate the New Normal
March 16, 2020 | Bankruptcy | Corporate

In this time of extreme uncertainty, an unfortunate reality is that many businesses are wondering whether they will be able to survive an indefinite economic downturn. Virtually every industry is facing the prospect of weeks or even months of drastically reduced sales.

Businesses need to take steps immediately to weather a prolonged new normal in

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Gordon and Spero Author Article for Pratt’s Journal of Bankruptcy Law
February 18, 2020 | Bankruptcy

Stuart Gordon and Matthew Spero have authored an article, “U.S. Supreme Court Ruling on FDCPA Limitations Period Leaves Issues Unresolved,” for the February 2020 issue of Pratt’s Journal of Bankruptcy Law.

Click here to read the article.

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Gordon and Spero Author Article for Pratt’s Journal of Bankruptcy Law
January 16, 2020 | Bankruptcy

Stuart Gordon and Matthew Spero have authored an article, “Eighth Circuit Rejects Successor Liability For Asset Purchaser At Forclosure Sale,” for the January 2020 issue of Pratt’s Journal of Bankruptcy Law.

Click here to read the article.

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Court Rejects “Certainty of Hopelessness” Standard for Discharging Student Debt
January 8, 2020 | Bankruptcy | Banking

Hon. Cecelia G. Morris, Chief Judge of United States Bankruptcy Court for the Southern District of New York, put down a momentous decision on January 7, 2020, granting summary judgment in favor of a debtor in an adversary proceeding seeking to have $221,385.49 in student loan debt declared dischargeable in bankruptcy. See, Rosenberg v. N.Y.

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Spero and Farino author Nassau Lawyer article
December 12, 2019 | Bankruptcy

Matthew Spero and Jeannine Farino authored, “Bankruptcy Update, United States Supreme Court,” for the December 2019 issue of the Nassau Lawyer.

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Gordon and Izzo author article for Pratt’s Journal of Bankruptcy Law
October 4, 2019 | Bankruptcy | General Liability

Stuart Gordon and Frank Izzo have authored an article, “Transgender Woman’s Employment Discrimination Judgment Was Nondischargeable, New York Bankruptcy Court Decides,” for Pratt’s Journal of Bankruptcy Law.

Click here to read the article.

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Cannabis: A Business Opportunity for Those with an Appetite for Risk
September 26, 2019 | Compliance, Investigations & White Collar | Corporate | Health Services | Cannabis

In the past 10 years, the legalization of marijuana and other cannabis-related products have expanded tremendously throughout the United States. Currently, medical marijuana is legal in 33 states and the District of Columbia, while 11 states and the District of Columbia have legalized recreational marijuana use for adults 21 and over.

Additionally, cannabidiol (CBD) got

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