BEGIN:VCALENDAR VERSION:2.0 PRODID:-//ChamberMaster//Event Calendar 2.0//EN METHOD:PUBLISH X-PUBLISHED-TTL:P3D REFRESH-INTERVAL:P3D CALSCALE:GREGORIAN BEGIN:VEVENT DTSTART:20200514T160000Z DTEND:20200514T170000Z X-MICROSOFT-CDO-ALLDAYEVENT:FALSE SUMMARY:Small Business Owners - Don't Freak Out DESCRIPTION:Small Business Owners: Don't Freak Out\n\n As the Covid pandemic continues to upend our lives\, small business owners restaurants\, retail stores\, small manufacturers and the like are wondering how they are going to salvage their businesses when society is ready to reopen. As a bankruptcy lawyer\, I have already received several calls. My first response: Don't Panic\; Don't Freak Out.\n\nWhen you are ready to re-open\, if you are way behind in paying your debts\, you can seek bankruptcy relief under the Small Business Reorganization Act. Important points about the ACT:\n\n Allows business to reopen and continue operations.\n Applies to small businesses with debts of less than $7.5 million.\n Allows business to reorganize\, reduce\, re-amortize or eliminate debt.\n Extends tax debt repayment over a 5-year period.\n Allows business to get out of unaffordable contracts and leases.\n\nIf you want to learn more about a Small Business Reorganization\, please join us for a Tri-Town Chamber video conference on May 14 at 12:00 noon to learn about how the Small Business Reorganization Act might be able to help. \n\n \n\nKeep fighting!\n\n \n\nDavid B. Madoff\n\nMADOFF & KHOURY LLP\n\nFoxboro\, MA \n\n508-543-0040\n\nmadoff@mandkllp.com\n\nwww.madoffkhoury.com X-ALT-DESC;FMTTYPE=text/html:Small Business Owners: \; Don&rsquo\;t Freak Out
\n \; \; \; \; \; \; \; \; \; \; \; As the Covid pandemic continues to upend our lives\, small business owners &ndash\; restaurants\, retail stores\, small manufacturers and the like &ndash\; are wondering how they are going to salvage their businesses when society is ready to reopen. \; As a bankruptcy lawyer\, I have already received several calls. \; My first response: \; Don&rsquo\;t Panic\; Don&rsquo\;t Freak Out.
\nWhen you are ready to re-open\, if you are way behind in paying your debts\, you can seek bankruptcy relief under the Small Business Reorganization Act. \; Important points about the ACT:\n
    \n
  1. Allows business to reopen and continue operations.
    2. \n
  2. Applies to small businesses with debts of less than $7.5 million.
    3. \n
  3. Allows business to reorganize\, reduce\, re-amortize or eliminate debt.
    4. \n
  4. Extends tax debt repayment over a 5-year period.
    5. \n
  5. Allows business to get out of unaffordable contracts and leases.
    6. \n
\nIf you want to learn more about a Small Business Reorganization\, please join us for a Tri-Town Chamber video conference on May 14 at 12:00 noon to learn about how the Small Business Reorganization Act might be able to help. \;
\n \;
\nKeep fighting!
\n \;
\nDavid B. Madoff
\nMADOFF &\; KHOURY LLP
\nFoxboro\, MA
\n508-543-0040
\nmadoff@mandkllp.com
\nwww.madoffkhoury.com LOCATION:Virtual UID:e.1730.6503 SEQUENCE:3 DTSTAMP:20260410T035319Z URL:https://www.tri-townchamber.org/events/details/small-business-owners-don-t-freak-out-6503 END:VEVENT END:VCALENDAR