Microbusinesses Only: New PPP Rules For 2021

By Nisha Patel

~5 minute read History Between Microbusiness and the PPP Last spring, the government established the Paycheck Protection Program (“PPP”) as one of the main aid programs for small businesses during the coronavirus pandemic.  In the beginning, PPP loans were available to businesses with fewer than 500 employees. The money could be used for payroll, health…

Is Small Business Bankruptcy Right For You?

By Nisha Patel

Worst of all, your cash reserves and any Paycheck Protection Program money you may have received are long gone. Your creditors are hounding your cell phone and your mailbox is full of bills. And with all of the talk about the “new normal,” perhaps you no longer see any light at the end of the tunnel for your business and are ready to throw in the towel. If so, perhaps a Chapter 7 bankruptcy is right for you.