June 12, 2021
  • June 12, 2021

Monthly Archives: March 2021

Employees who refuse to return to work will not reduce the remission of PPP loans | Stoel Rives srl

by on March 23, 2021 0
Like states across the country start easing restrictions on business activities, employers are prepared to rehire workers who have been made redundant or put on leave. But some employers who have received a Paycheck Protection Program (“P3”) loan, which we have discussed here, here, and here, worry that some employees will refuse to return... Read More

BoE warns bank loan reserves may stifle corporate finance

by on March 23, 2021 0
The Bank of England has warned UK lenders against posting huge charges on soured loans, fearing it will limit their ability to support struggling businesses. Representatives from the BoE’s Prudential Regulation Authority spoke to senior bank executives over the past week to advise them not to ‘kitchen sink’ in the first quarter of the... Read More

Do I have to repay my 401 (k) loan?

by on March 23, 2021 0
Illustration by Martin Gee Text size If you have a 401 (k) loan but your employer hasn’t reopened, you’re probably still obligated to repay the loan, says Virgil Rutili, a certified financial planner in Chicago. “I guess if the employer doesn’t reopen, it doesn’t change the fact that you still have the loan,” said... Read More

As looming personal debt crisis emboldens collectors, Philly small claims court needs a bigger role

by on March 23, 2021 0
Philadelphians are racking up huge debt. An October survey by the Pew Philadelphia Research and Policy Initiative found that almost 1 in 3 is behind on their credit card bill. And the Census Bureau recently discovered that until the end of February, 35% of Philadelphia households metropolitan area struggled to afford usual household expenses.... Read More

How to claim an interest deduction on a student loan

by on March 23, 2021 0
Student loan debt in the United States topped $ 1.5 trillion in 2018 and won’t be slowing anytime soon. And what keeps people in dire straits with their student debt, besides the ever increasing cost of a college education, is interest. This student loan interest can be significant during tax season. Depending on a... Read More