Akerly Law

Do not hesitate to reach out to Akerly Law if you need an enforceable non-compete agreement drafted for your business or if you need an active non-compete agreement reviewed for enforceability. You might be surprised with the results of a review by ...

Over the last few months, numerous policies have been enacted or extended to provide targeted COVID relief for businesses and individuals. We wanted to highlight the mortgage/foreclosure moratorium and the extensions of the small business bankruptcy ...

With a year of COVID behind us, a lot of us are still feeling the stress. Triggers for stress include unstable life and work situations, social isolation, anxiety about health and financial issues, and not seeing a clear end in sight. Here are some...

The purpose of a small business bankruptcy is to allow a small business to reorganize its business and debts in a timely, cost-effective manner, and hopefully allow them to remain in business for the benefit of the small business owners, employees, s...

A Form1099–C is issued to comply with IRS reporting requirements....

This past year has been difficult for many businesses who have barely managed to stay afloat during these turbulent times, and who are looking at more uncertainty ahead as prior relief packages are set to expire. While an additional relief package i...

On January 1, 2021, the Corporate Transparency Act (CTA) became law. Some important facts about the CTA include:...

Akerly Law, led by its appellate specialist Carrie R. McNair, recently represented a creditor with a complicated appellate bankruptcy issue that was one of first impression for the Sixth Circuit Court of Appeals. At issue, was the ownership of a leg...

In Fulton, the City of Chicago's practice was to impound vehicles identified as having overdue parking tickets. Many Chicago residents would subsequently file bankruptcy under Chapter 13 and request that the City immediately return their vehicles or ...

The Fifth Circuit Federal Court of Appeals has held, in a Chapter 13 case, that when two claims are secured by the same personal collateral, i.e., cross-collateralized, the debtor's Chapter 13 plan cannot provide for the surrender of the collateral f...