On January 11, 2017, the United Stated Bankruptcy Court for the Eastern District of Pennsylvania entered an order confirming the Chapter 11 Plan of Reorganization of the Firm’s client, ColdEdge Technologies, Inc., after a lengthy bankruptcy proceeding. ColdEdge was formed in 2008 and provides cryogenic equipment for use in the research laboratory setting. Shortly […]
Involuntary bankruptcy is generally invoked against a failing business to ensure fairness and transparency, with the idea that a neutral trustee, or the Bankruptcy Code’s disclosure requirements, will result in fair and equal treatment of creditors.
Starting a new business can be both exciting and daunting. Here are five common legal pitfalls that all start-ups should seek to avoid.
Good news for small businesses. On November 20, 2020, the Northampton County COVID-19 Relief Small Business Grant Program re-opened and is currently accepting applications. Northampton County Council has approved this Grant Program, in partnership with the Greater Lehigh Valley Chamber of Commerce, that will distribute $1.3 million dollars of CARES Act Funds to Northampton County […]
Most of FLB’s business clients borrow money from commercial lenders, such as banks and credit unions. If any of your loans are priced on the basis of LIBOR (London Interbank Offered Rate), you have probably heard that this is going to change. The “sun will set” on LIBOR at the end of 2021, and lenders […]