By: Scott Borsack Now that you have submitted your application for a Paycheck Protection Program (“PPP”) loan and your financial institution has accepted the application, it’s time to start planning for spending the loan proceeds. In order for the “loan” to be forgiven, a borrower must spend the proceeds on eligible expenditures, which consist [...]
By: Craig J. Hubert, Esq., of Szaferman Lakind, and Mark Renzi of Renzi Legal Resources While you may have certain cases and witnesses requiring in-person testimony, COVID-19 challenges need not disturb the majority of fact depositions and the taking of de bene esse trial testimony. So long as attorneys and witnesses have internet access [...]
By: Robert Lakind, Esq. The CARES Act, which was passed On March 27, 2020, provides economic aid to airports by making $10 billion in grants available. Further, as explained below, unlike traditional AIP Grants, generally, for grants issued under the CARES Act, the FAA will cover 100% of the allowable cost of the project [...]
By: Michael Brottman On March 19, 2020, Governor Phil Murphy signed legislation expanding access to telehealth services in an effort to ease the strain on New Jersey’s healthcare providers who have become overburdened as a result of the COVID-19 pandemic. This will allow a greater number of NJ residents to be evaluated by a [...]
By: Janine Danks Fox | Parenting Coordinator/Mediator In the best of circumstances, co-parenting can be difficult. Without question, the COVID-19 pandemic has significantly increased the challenges of co-parenting. Now more than ever, it is critical that parents put their disputes aside with the mutual goal of ensuring that their children are protected from parental disputes. [...]
By: Arnold Lakind A number of publications on the web have examined the question of whether there is insurance coverage for loss of income and expenses paid as a consequence of the COVID-19 pandemic and Governor Murphy's Executive Orders. Congress has encouraged insurance companies to pay these claims even in the absence of specific [...]
By: Jeffrey Hall Late Tuesday, Tim Sullivan, CEO of the New Jersey Economic Development Authority (“EDA”), presided over a webinar which outlined several programs the EDA has cobbled together in response to the COVID-19 crisis and its impact on New Jersey small businesses and non-profits. For more information on the announcement of these programs, [...]
To help local nonprofits continue to serve our community, Szaferman Lakind has made a donation of $5,000 to the Princeton Area Community Foundation COVID-19 Relief and Recovery Fund. The Princeton Area Community Foundation works to directly impact the well-being of the local community by supporting the nonprofits that serve the Princeton area. These non-profits [...]
By: Robert Stevens The Corona Virus Aid, Relief, and Economic Securities Act, known as the CARES Act, has important provisions as they relate to the pay of employees. The Act modifies and works in conjunction with the Families First Coronavirus Response Act ("FFCRA"), which was signed by the President on March 24, 2020 and [...]
By: Brian Paul The CARES Act includes a provision allowing a borrower to defer mortgage payments for up to 180 days. Homeowners who have federally backed mortgages (Fannie Mae, Freddie Mac, FHA or USDA loans) and are experiencing financial hardship due to the coronavirus pandemic may request forbearance for up to 180 days. During [...]
