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PPP loan borrowers of Prestamos CDFI, LLC with unfunded PPP loans should be aware that only borrowers residing or injured in the same states as the named plaintiffs in the pending class action lawsuits against Prestamos may be able to participate as class members. In March of 2022, Nolan Heller Kauffman published an article titled, […]
Nolan Heller Kauffman is proud to share that the 2022 New York Super Lawyers Upstate Edition has recognized three of our outstanding attorneys. Justin A. Heller – Business Litigation & Creditor/Debtor Rights. Madeline H. Kibrick Kauffman – Business/Corporate Law & Creditor/Debtor Rights. Francis J. Brennan – Business Litigation & Bankruptcy Law. Only the Top 5% […]
On October 1, 2018, Medical Liability Mutual Insurance Company (“MLMIC”) was converted from a mutual insurance company to a stock company and sold to Berkshire Hathaway for $2.502 billion in cash consideration. MLMIC’s Plan of Conversion provided that the proceeds of sale would be distributed to policyholders in exchange for the extinguishment of their membership […]
On October 1, 2018, Medical Liability Mutual Insurance Company (“MLMIC”) was converted from a mutual insurance company to a stock company and sold to Berkshire Hathaway for $2.502 billion in cash consideration. Following MLMIC’s sale, litigation ensued throughout New York State between healthcare providers and their employers or former employers over which of them was […]
Last May, the Paycheck Protection Program (“PPP”) closed to new PPP loan applications, and the next phase of the PPP – loan forgiveness – began picking up steam. PPP loan borrowers have ten months from the end of their loans’ “covered period” (or period to use the loan proceeds for authorized purposes) to apply for […]
As was discussed in a separate article, a Paycheck Protection Program (“PPP”) lender’s decision denying loan forgiveness cannot be appealed to the United States Small Business Administration’s (“SBA”) Office of Hearings and Appeals (“OHA”). However, that does not mean a borrower cannot contest the lender’s decision to deny the forgiveness application. First, a borrower can […]
On January 27, 2022, the United States Small Business Administration (“SBA”) published new guidance regarding lender decisions partially denying forgiveness applications and created a process by which the borrower can request that the SBA review the lender’s decision. The Old Rule This is a significant development because, before this new guidance, a borrower could only […]
Challenges with the Paycheck Protection Program It does not take much effort online to see there is a massive, lingering problem with the Paycheck Protection Program – PPP lenders across the country refused to fund thousands of borrowers’ PPP loans even though the loans were SBA approved and the borrowers had signed and submitted all […]
On October 1, 2018, Medical Liability Mutual Insurance Company (“MLMIC”) was converted from a mutual insurance company to a stock company and sold to Berkshire Hathaway for $2.502 billion in cash consideration. Following MLMIC’s sale, litigation ensued throughout New York State between healthcare providers and their employers or former employers over which of them was […]
Francis J. Brennan, Esq., a partner at Nolan Heller Kauffman LLP, will be a member of a panel discussing Subchapter V of Chapter 11 of the Bankruptcy Code for the Upstate New York Chapter of the Turnaround Management Association (TMA) on February 17, 2022. Event Details Is Your Client or Borrower Eligible for the Benefits […]
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