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Category Archives: General
CDC issues sweeping temporary eviction ban
The CDC and the Trump Administration issued an order that would make it illegal to evict an individual who expects to make less than $99,000 or a joint-filing couple that expects to make less than $198,000 in 2020. The order … Continue reading
MGM Resorts to Lay Off 18,000 Furloughed U.S. Employees
Casino operator of MGM Resorts International informed its staff in August that is would lay off 18,000 furloughed employees in the U.S. as the coronavirus-induced travel reductions hurt its operations. MGM employed almost 52,000 fulltime and 18,000 part-time workers in … Continue reading
Wendy’s and Pizza Hut Raise Concerns Over NPC Bankruptcy Sale
Wendy’s Co. and Pizza Hut LLC are raising concerns over their largest franchisee’s efforts to sell its assets in bankruptcy court. NPC International operates 392 Wendy’s and 1,200 Pizza Huts across the country filed Chapter 11 bankruptcy on July 1, … Continue reading
Federal benefit recipients with children have more time to the $500 Stimulus Payment
The IRS has reopened the registration period for individuals who receive Social Security, Supplemental Security Income, Railroad Retirement or veteran’s benefits, but didn’t receive $500 per child earlier this year when they received their own stimulus payment. Federal benefit recipients … Continue reading
Dave and Buster’s Warns of Bankruptcy
The prognosis for Dave and Buster’s Entertainment looks increasingly dire as the coronavirus economy takes a massive bite out of revenue and the company looks to layoff hundreds of workers. The company warned that it may need to file for … Continue reading
Ex-Owner in $146 Million Elder Care Default is Charged in Ponzi Case
A Chicago-area rabbi, who formerly owned a nursing home chain at the heart of the biggest default in the history of a federal mortgage-guarantee program, has been indicted on federal charges of stealing millions of dollars from investors. The $146 … Continue reading
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