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Posts Tagged ‘E. Carolyn’

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.

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The 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…

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An 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…

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US 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…

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Digressing 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!  

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COVID-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.  

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A defaulted chapter 13 plan can be extended under the CARES Act

Good news!  A New Orleans judge has found the CARES Act to permit a 7 year extension of a chapter 13 plan whose payments were in default prior to enactment of the Act, holding that the currency of payments is irrelevant. In fact, most chapter 13 plans are in a state of default and ultimately…

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Stakeholders anxiously await clarification of PPP loan forgiveness process

Borrowers and lenders are being advised to sit tight, while Congress reworks the kinks toward debt forgiveness for PPP loans.  As outlined by the NYT, progress is being made toward overcoming the various hurdles so that all stakeholders will be able to achieve the initiative’s well-intended respite and fresh start.

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