Business

Court Throws Out Residency Requirement for Short-Term Rentals

Many property owners in New Orleans are familiar with the City’s rule that in order to operate a short-term rental (“STR”) in a residential neighborhood, the property owner must first demonstrate to the City that they reside on the premises. This rule was created to limit the spread of STR’s in those residential neighborhoods. The …

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Meghan Carter Joins SNW in New Orleans

NEW ORLEANS, LA – Meghan Carter, an experienced complex litigator and business problem solver who has handled myriad state and federal disputes after spending two years in a federal clerkship, has joined Sternberg, Naccari & White, LLC in New Orleans. Meghan will bolster the Firm’s practice in business and complex litigation and expand the Firm’s practice …

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SNW Partner Ryan Richmond Appointed to Co-Chair Planning Committee for Bankruptcy Subchapter V Trustees’ Conference

The National Association of Bankruptcy Trustees (the “NABT”) has appointed SNW Partner Ryan J. Richmond as the Co-Chair of its Subchapter V Conference Planning Subcommittee. The NABT is hosting its annual conference in Chicago, IL August 25-27, 2021. This year’s conference will feature a first-of-its-kind track dedicated exclusively to issues arising under subchapter V of …

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Seven Things You Need to Know About the New Stimulus

On December 27, 2020, the President signed a new stimulus package into law. In addition to a $600 payment to eligible individuals, the new stimulus package includes numerous relief programs and tax incentives for businesses. Notably, the stimulus package has modified and made additions to the Paycheck Protection Program. Here are seven highlights: Forgivable Expenses. …

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Congress Passes Second COVID-19 Legislation Including PPP Boost

https://www.youtube.com/watch?v=PywUIC6l8qk               Congress appears to have an agreement concerning a second Coronavirus stimulus package totaling nearly $1 trillion. SNW will host an “emergency” webchat Wednesday, December 23, 2020 at 10:30 a.m. CST. The chat will be via Zoom and Facebook Live. Please RSVP to info@snw.law or monitor our Facebook page. An early analysis of the …

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SNW Partner Ryan J. Richmond obtains confirmation of Louisiana’s First Subchapter V (Small Business) Bankruptcy Plan

Sternberg, Nacarri & White, LLC is pleased to announce that Partner Ryan J. Richmond has achieved a significant milestone in Louisiana bankruptcy plans: he has successfully obtained confirmation of Louisiana’s first Small Business Bankruptcy Plan of Reorganization under the new Subchapter V. Richmond’s Client, A. P. B. Trucking, LLC d/b/a Batiste’s Trucking (APB)’s plan of reorganization received …

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Senate Passes the Paycheck Protection Flexibility Act; President Signs into Law on June 5, 2020

On Wednesday, June 3, 2020, the Senate passed the Paycheck Protection Program Flexibility Act of 2020 (the ”Act”), which the President signed into law on June 5, 2020. This Act significantly changes the Paycheck Protection Program. Note, we expect additional regulations to modify or clarify aspects of this Act, as was the case with the PPP. …

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SBA Releases PPP Forgiveness Application, Providing Guidance

The Small Business Administration has unveiled the Paycheck Protection Program Loan Forgiveness Application. The application offers the first set of significant guidance regarding loan forgiveness under the program including expected documentation, changes to certain definitions, and processes for numerous calculations involved in the determination. Access to such information allows for a tremendous opportunity for proper …

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Watch our Wednesday Webchat on Small Business Reorganization and Bankruptcy

New SNW.LAW Partner Ryan Richmond led a brief discussion on small business reorganization during our Wednesday Webchat this week. Historically, small businesses have struggled to reorganize effectively and efficiently in a chapter 11 bankruptcy. Both debtors and creditors have wasted time and money in a process designed for multimillion dollar companies. Last year, Congress enacted the Small …

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