The Paycheck Protection Program (“PPP”) fell short in keeping small businesses afloat during the pandemic.1 Congress made it a central provision to the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act in a move to emphasize both the vulnerability and the importance of small business. Congress had a plan: provide small businesses with a source…
Tag: Debt
The Sound of Music: One Music Giant’s Fall into Bankruptcy
Tomorrowland, Electric Zoo, Sensation, Stereosonic, Nature One. These famous music festival brands as well as the online electronic music store Beatport are just a handful of assets owned by the electronic dance music (“EDM”) giant SFX Entertainment, Inc. (“SFX”). On February 1, 2016, SFX filed for Chapter 11 bankruptcy after reaching an agreement with its…
Alternate Methods of Paying for College Tuition and Dealing with Our Nation’s Debt
The college graduation class of 2014 graduated with the highest average debt of any college class in the history of our country.1 College student’s student loan debt now amounts to $1.2 trillion dollars, and economists and business leaders are beginning to worry that student loan debt, which amounts to 6% of the total national debt,…