Monthly Archives: June 2020
What Should You Do If People and Businesses That Owe You Money Declare Bankruptcy Because of the COVID-19 Pandemic?
When unemployment claims rise dramatically, bankruptcy filings soon follow. You probably do not want to think about the possibility of your business filing for bankruptcy, and there is a chance that you will not have to. Most likely, though, the new wave of bankruptcy filings will be big enough that you will notice it… Read More »
Good Enough Quick Fixes to Keep Your Business Financially Solvent Until Next Month
The DC area has yet to see the downward trend in new COVID-19 cases that the governments of Maryland and DC need to see before they can lift the stay-at-home orders, but the live updates from the Washington Post make it clear that reopening the DMV region is on everyone’s minds. LaQuandra Nesbitt of… Read More »
The Paycheck Protection Program Is a Lifeline, but Not a Panacea
Right now in America, almost everyone is glued to a screen. Toddlers click on candy-colored YouTube videos while their telecommuting parents attempt to get some work done. College students watch their professors drone on in a small corner of the computer screen, which is mostly taken up by PowerPoint slides. In the evening, almost… Read More »
You Might Be Eligible for the Paycheck Protection Program, but Be Sure to Read the Fine Print
The news updates about the COVID-19 pandemic focus more and more on reopening, but right now most small business owners in the Washington DC area are waiting anxiously to see what happens next. Deciding when to reopen is a difficult task, indeed, unless you have superhuman ability to predict the future. Almost any course… Read More »