On December 27, 2020, the most recent stimulus bill was passed into law. In addition to providing $900 billion in stimulus, the Consolidated Appropriations Act of 2021 also includes several temporary amendments to the bankruptcy code, which are designed to encourage companies and landlords to work with their customers and tenants in financial distress as a result of the COVID-19 pandemic.
Buchalter attorneys Valerie Bantner Peo and Denise Field discuss the changes to the law companies and landlords should consider when entering into a payment deferral agreement with a customer or tenant.
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