06/09/2020
As businesses slowly begin to open back up, we at Havens & Associates, LLC truly hope that every business is on solid financial ground or quickly able to regain their footing. Unfortunately, that is not likely for all businesses especially the small businesses. When the creditors and landlords are able to assert their legal and contractual rights, things may get dire. Fortunately, for the small businesses, the SMALL BUSINESS REORGANIZATION ACT OF 2019 went into effect on February 19, 2020. This law provides many of the protections of Chapter 11, but is much less expensive and more stream lined. If anyone is facing financial challenges right now or knows anyone who is (personally or professionally), they can contact me at (301) 947-3330 for a free initial consultation to discuss their options.
