Portland Metro RMA Chapter Members, Sponsors, and Friends: On behalf of the Board of Directors of the Portland Metro Chapter of the RMA, I wanted to express our gratitude for your involvement with the chapter this year. While we have certainly missed the in-person networking that has become a foundation of our chapter, we are [...]
In a whirlwind legislative session that lasted three days, the Oregon Legislature enacted a bill on June 26, 2020 designed to give relief to homeowners and landlords hard hit by the Covid-19 crisis. The bill, HB 4204, has two primary components. First, it establishes a temporary moratorium on judicial and non-judicial foreclosure of any type [...]
Increase in SBRA debt limit. Congress enacted the Small Business Reorganization Act (SBRA) in 2019 with an effective date of February 20, 2020. The SBRA was designed to provide a more efficient and streamlined reorganization process for small business entities for which the expense of a full chapter 11 case and the requirements for plan [...]
Small businesses now have an ability to get a chapter 11 plan confirmed without any creditor voting in favor of its plan and with no ability for creditors to file competing plans under a new law effective February 19, 2020. The Small Business Reorganization Act of 2019 (“SBRA”) enables small businesses to essentially discharge their [...]
Borrowers sometimes say, “I get an audit [efn_note] Audit – Google search: “A systematic examination of books, accounts, documents, and vouchers of an organization to ascertain how far the financial statements present a true and fair view of the concern.” Note: many small businesses do not get an Audit of their books by a CPA, [...]
