Farivar Law Firm, APC

Unfortunately, many small businesses have been affected by COVID-19. The new rules and amendments to the current bankruptcy code - Small Business Reorganization Act (SBRA) and the Coronavirus Air, Relief and Economic Security Act (CARES Act) - allow businesses to survive, retain key employees and restructure operations. Some of the important changes to chapter 11 filings for eligible sub-chapter V individuals or a businesses are as follows: The unsecured debt limit h...as increased from $2,725,625 to $7.5 million (the original limit will return after one year); No creditors’ committee would be appointed in a case unless ordered by the court; No United States Trustee fees; Th debtor can file a plan which would not require voting by creditors; A debtor’s plan can modify a mortgage against a principal residence, provided that the mortgage loan was not used primarily to acquire the residence; and A debtor must file its plan (no disclosure statement is required) within 90 days of the bankruptcy filing (subject to extension under limited circumstances). At Farivar Law, we have over 12 years of experience practicing before the Bankruptcy Courts in the central, eastern, northern, and southern districts of California in chapters 7, 9, 11, and 13. We can help you determine which restructuring option and/or bankruptcy protection is best suited for you or your business given your financial situation. Feel free to reach us at [email protected] / 818-796-2060 or visit us at farivarlaw.com.* * The material and information provided herein are for general information only and should not, in any respect, be relied on as professional advice, as every case needs additional consideration. Farivar Law & Tax Firm, APC and its employees cannot and does not make any claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained therein or linked to from such content, nor do they take responsibility for any aspect of such content.

New guidelines from IRS in light of COVID - 19 for our Facebook friends: Feel free to reach us at [email protected] or 818-796-2060 with questions / concerns.

To the extent employees need time off to, among other things, care for family members with COVID-19 or children whose schools or places of care have been closed, covered employers must follow the Family and Medical Leave Act (FMLA) as well as state and local equivalents, as well as all relevant paid family leave laws. The Families First CoronaVirus Response Act was just signed into law on March 19, 2020 providing additional protections for employees, requiring employers to fully comply with certain complicated rules in this regard. At Farivar Law, we are well equipped to answer all employer's concerns regarding employees, the new FMLA rules as well as state and local equivalents as a result of COVID-19. Feel free to reach us at [email protected] or 818-796-2060.

Congrats and special thanks to our team for successfully defending and dismissing a Class Action Lawsuit in Complex Division of the Los Angeles Superior CourtCongrats and special thanks to our team for successfully defending and dismissing a Class Action Lawsuit in Complex Division of the Los Angeles Superior Court

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Thank you to everyone who has taken the time to like, share, and comment on our page, we appreciate it! In need of legal advice? Call us for an appointment today! (818) 796 - 2060. We will be glad to help you and satisfy your legal needs.

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Thank you everyone who has taken the time to like and comment on our page, it is greatly appreciated. Please continue to Like, Comment, and Share our page to help us help our community! If you have any questions please email us or call us, we would love to answer your questions and help you in any matter! -Farivar Law Team

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Book an appointment with us today! Email us at [email protected]