Pandemic-related closures may have forever changed the restaurant industry. Many bars and restaurants are beginning to open their doors once again. The mandated closures of the last few months are now slowly being lifted, as long as safety guidelines are met. Though in most states restaurants can re-open, some restaurants are financially unable to.
State governments are feeling the pressures of economic struggles too. Financial stress has closely followed the spread of coronavirus. Closed businesses and rising unemployment numbers are evidence of the strain caused by COVID-19. States are also experiencing similar burdens, with budgets being stretched and expected income at a halt. Unlike businesses and individuals though, states […]
How have bankruptcy procedures changed due to the COVID-19 pandemic? To protect all parties involved, Minnesota bankruptcy procedures have changed to respect social distancing and safer at home guidelines. These changes include deadline extensions, office closures, payment methods, and document requests, among others. The United States Bankruptcy Court, District of Minnesota has enacted the following […]
Business Bankruptcies are on the rise in Minnesota Small businesses have begun to seek financial relief as the pandemic continues. From the federal to state level, programs have been enacted to provide assistance. These programs aim to help small businesses struggling to pay operational expenses due to COVID-19. Several of the programs are offering this […]