American Airlines Plans to Lay off another 19,000 Employees

American Airlines Plans to Lay off another 19,000 Employees

By Christy Gren - Aug 26, 2020

American Airlines is set to cut more than 40,000 jobs, including 19,000 through furloughs and layoffs in October, if an aid package from the federal government does not come throug

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US Chapter 11 Bankruptcies See a Surge during Corona Crisis

US Chapter 11 Bankruptcies See a Surge during Corona Crisis

By Anna Domanska - Jun 12, 2020

The COVID-19 pandemic has disrupted many businesses leaving them in financial shambles and forcing others to opt for bankruptcy protection – under Chapter 11 or Chapter 7. Al

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CARES Act Eases Interest Costs Up To 50% Of Adjusted Taxable Income

CARES Act Eases Interest Costs Up To 50% Of Adjusted Taxable Income

By Anna Domanska - May 11, 2020

The Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) has come up with several relief measures to aid businesses to get through the coronavirus pandemic.

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