By Jeff Field | Published September 16, 2024 | Posted in Bankruptcy | Tagged Tags: bankruptcy protection, Cannabis Industry, Legal Counsel | Leave a comment
Proposal Seeks to Give Cannabis-Related Businesses Access to Bankruptcy Protection
The cannabis industry has experienced explosive growth in recent years as more states legalize both medical and recreational marijuana. In Georgia, some medical use is allowed and several of the state’s largest cities, including Atlanta, have passed decriminalization measures. However, this burgeoning sector faces unique challenges, including limited access to traditional banking services and the Read More
Read MoreChapter 13 Debt Limit Scheduled to Return to Lower Level if Congress Does Not Act
Responding to the COVID-19 pandemic, Congress in 2022 passed the Bankruptcy Threshold Adjustment and Technical Corrections Act (BTATCA). This legislation greatly expanded the scope of relief granted to debtors under the Small Business Reorganization Act (SBRA) and Chapter 13 of the Bankruptcy Code. Specifically, the law raised debt limits for filers, expanding eligibility for bankruptcy Read More
Read MoreBankruptcy Can Provide Immediate Help for Struggling Debtors During the COVID-19 Crisis
Millions of Americans have been left unemployed as companies close their doors or reduce operations due to the coronavirus pandemic. While protecting public health and saving lives remain the utmost priorities, this is cold comfort for people struggling to meet their living expenses without an income. However, there are legal remedies that you can turn Read More
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