.A look at relevant employment laws and litigation vulnerabilities that companies, including their owners, officers and directors, should consider before ceasing operations or filing for bankruptcy.
USA, New Jersey, Employee Benefits & Pensions, Employment & Labor, Insolvency & Restructuring, Litigation, Greenberg Traurig LLP, Employee Retirement Income Security Act 1974 (USA), Coronavirus, Equal Employment Opportunity Commission (USA)
Enacted March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) places short-term obligations and restrictions on lenders and servicers of federally backed loans. As part of these limitations due to Coronavirus Disease 2019 (COVID-19), lenders and servicers are temporarily subject to moratoriums on foreclosures, mandatory forbearance obligations, and revised credit reporting obligations.
USA, Banking, Company & Commercial, Insolvency & Restructuring, Greenberg Traurig LLP, Coronavirus, CARES Act 2020 (USA)