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Category Archives: General
Judge Approves Plan to Sell Briggs & Stratton
Briggs & Stratton’s unsecured creditors will receive 7 to 10 cents on the dollar depending on when the company completes its bankruptcy court-approved sale to KPS Capital Partners. The final amount will depend on how quickly Briggs can complete its … Continue reading
U.S. Details Up to $14 Billion in New Aid for Farmers
The U.S. Agriculture Department released the details of a second round of COVID-19 aid for farmers, which will pay up to $14 billion to growers of corn, soybeans, wheat, livestock and tobacco as well as dairy. The aid follows the … Continue reading
Settlement Cancels $330 Million is Private Loans to ITT Students
An agreement involving a federal regulator and attorney generals from 47 states came to the agreement that covered debts of tens of thousands of former students of ITT Technical Institute. Those covered incurred the debt through ITT’s Peak loan program … Continue reading
Guidance Issued to Implement Presidential Memorandum Deferring Employee Social Security Tax Withholding
The Department of Treasury and the Internal Revenue Service issued guidance on implementing the Presidential Memorandum allowing employers to defer withholding and payment of the employee’s portion of the Social Security taxes if the employee’s wages were below a certain … Continue reading
Feds Make Another Arrest Amid Allegations of More Than $1 Billion in Bad PPP Loans
The feds made another arrest in connection with Paycheck Protection Program loan fraud. Attorney Jae H Choi of Fort Lee, N.J. has been accused of obtaining close to $9 million in PPP loans under fraudulent circumstances. Choi has been charged … Continue reading
Tax Deadline for Extension Filers is Almost Here
The October 15 filing deadline is quickly approaching. If you filed an extension for your federal or state taxes don’t forget to get your returns on file before Thursday, October 15. Are you ready to file now? We can help … Continue reading
Federal Grand Jury Indicts Large Kansas City Landlord
A Federal Grand Jury in St Louis indicted one of Kansas City’s biggest apartment landlords after a year of investigations that uncovered terrible living conditions across multiple Kansas City area apartments. Michael Fein, owner and vice president of TEH Management … Continue reading
Saks Fifth Avenue Faces Eviction in Miami over $1.9 Million in Past Due Rent
A Miami-area shopping mall is attempting to evict Saks Fifth Avenue, saying the retailer hasn’t paid rent since March and owes approximately $1.9 million in unpaid rent. Saks told its landlord, Bal Harbour Shops LLC, that it couldn’t make lease … Continue reading
Operator of Trump International Hotel in Vancouver files for Bankruptcy
TA Hotel Management LTD, a unit of the Malaysi-based TA Global Bhd, who operates the Trump International Hotel in Vancouver has filed for bankruptcy. The Holborn Group, a Vancouver-based developer, licensed the Trump name in 2013 for the 69-story luxury … Continue reading
Coca-Cola Cuts Thousands of Jobs as Coronavirus Hits Sales
Coca-Cola Co. joined a long list of big U.U. companies in laying off thousands of workers due to the coronavirus crisis. The company is offering voluntary deals across its businesses and promising to halve its number of operating units. They … Continue reading