Posts Tagged ‘carolyn hochstadter dicker’
The Catch 22 in Crowdfunding Campaigns
A recent study shows that crowdfunding psychology requires a unique fundraising strategy. An abundance of early donations is viewed as originating from friends and family who have not scrutinized the deal, while the opposite is inferred from a lean start. Balancing this perception from day 1 is key to a successful campaign.
Read MorePPP Recipients can Self-Certify for Small Loan Forgiveness
Thankfully, the SBA has issued new guidelines for PPP loan forgiveness with the following changes. Recipients of $50,000 or less can self-certify that the money was used for covered expenses, the new application is one page short, and the requirement to maintain employee and salary numbers has been eliminated. This is a great step toward accomplishment of…
Read MoreThe Right to Repair Movement embraces Mobile Health
On a consumer plug today, I am excited by the “right to repair” trend that has surfaced in a proposed bill to block manufacturer imposed limits on medical device repair. While advocates worry about the environment, an important fall-out is consumer inability to take ownership of product maintenance. Of course safety is key, and I…
Read MoreSubchapter V allows Cramdown of Collateral Value
In Pearl Resources, another case of first impression under Subchapter V, a Texas court confirmed a cramdown plan with a reduced collateral value. Parsing a mix of traditional and new chapter 11 provisions, the court permitted a $7.4M replacement lien for the original $35M lien, deeming it sufficient to cover the $1.2M claim, and thus freeing up…
Read MoreSubchapter V has become a cost-effective bankruptcy lifeline for a business reboot
A group of mid-western businesses comment on their unique ability to reorganize under Subchapter V of the Bankruptcy Code in accordance with its intended goal to allow small business owners to retain control of a reorganizing company. Drafters of the new law effected much needed tweaks to the chapter 11 process, an endeavor that has proved to…
Read MoreUber and Lyft are Counting on Referendum to Override recent Appeals Court Ruling
As the Uber-Lyft talent saga continues, it is a fascinating legal phenomenon that a grass-roots referendum can override the decision of the highest court of the state. This is a true reflection of democracy, although tempered or arguably tainted by corporate lobbying. Wishing everyone a great weekend!
Read MoreAn Individual Chapter 11 Plan must be funded by more than Business Income
In re Patel, a recent CA bankruptcy decision, held that chapter 11’s requirement for individual debtors to pay unsecured creditors from “disposable income,” encompasses income from all sources. Note that this would equally apply in Subchapter V. The Patel Chapter 11 plan listed only motel income which was insufficient to fund a payout to unsecured creditors. While…
Read MoreUS Credit Scores have gone up due to pandemic aid
In the latest report, consumers have prioritized paying their credit cards using the CARES Act’s unemployment benefits and mortgage moratoria to fuel a rise in credit scores. This has left some lenders confounded and looking for other ways to measure credit-worthiness. Consumers should be aware that banks may be using bank transaction history to make…
Read MoreDigressing to the 1st Amendment to honor Justice Ginsberg
Taking a break from bankruptcy and business, I thought I would share this piece about the importance of donor anonymity supported by the late Justice Ginsberg. There are so many fascinating facets to the law and its essence to the fabric of our society and economic ecosystem. Wishing everyone a great weekend!
Read MoreCOVID-19 spurs patent litigation among telehealth providers
Alert! All entrepreneurs and intrapraneurs in the healthcare space! COVID-19 has accelerated the advent of telehealth, and providers are vying for the #1 spot. A recent lawsuit filed by Teladoc highlights the importance of promptly securing patents and other forms of digital IP as barriers to entry from day 1.
Read More