LARGE RELIEF FOR SMALL BUSINESSES


The Small Business Reorganization Act of 2019 affords increased access to Chapter 11 Reorganization for small businesses and some individuals As businesses and individuals struggle to grasp the consequences of the current COVID-19 Pandemic, many businesses are struggling to determine how they will emerge from this pandemic going forward. How will businesses, who may or may not have been financially secure prior to the pandemic, create a financial plan and navigate the uncertainly following the COVID-19 outbreak? Fortunately, a new subchapter of the Bankruptcy Code was recently implemented that might assist those businesses in building such a plan and emerging from the insolvency concerns caused by this pandemic. On February 19, 2020, the Small Business Reorganization Act of 2019 (“SBRA”)[1] became effective, and modified several provisions of Chapter 11 of the Bankruptcy Code. These modifications strive to make Chapter 11 more efficient, affordable, and accessible for small businesses throughout the […]

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ECONOMY INTERRUPTED: WILL BUSINESS INSURANCE POLICIES COVER COVID-19 LOSSES


The coronavirus (COVID-19) pandemic has created an unprecedented amount of uncertainty in every business sector and industry around the world. Chances are that your business has contracts that have been or may be affected by the pandemic. Many questions from our clients concern whether the COVID-19 pandemic constitutes a force majeure event and excuses performance under a contract. What is force majeure? Force Majeure – An Act of God. Force majeure, French for greater force, describes any event that is unexpected by all parties, not caused by any party, and affects the relationship between them, limits the ability of either to perform a duty, or requires one to intrude on a privilege of the other. Bouvier Law Dictionary Tennessee courts have defined an “Act of God” as follows: Any misadventure or casualty is said to be caused by “Act of God” when it happens by the direct, immediate and exclusive […]

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Thompson Burton Attorneys Recognized by Peers for Exceptional Contributions to the Practice of Law


With their recent expansion from Franklin to Nashville, 2019 was already looking good for Thompson Burton. Factor in the talented attorneys this firm has to offer, and a good year quickly became a great one. Thompson Burton would like to congratulate seven attorneys on being named to the 25th Edition of The Best Lawyers in America®. These attorneys include Walt Burton, JK Simms, Phillip Young, Ronn Steen, John Hollins Jr., Bryan Echols, and AJ Reed. This recognition is given solely on the basis of peer reviews, so to be chosen is quite an honor. In addition, Thompson Burton is privileged to have five attorneys on the 2019 Tennessee Super Lawyers list and three attorneys on the 2019 Tennessee Rising Stars list. Super Lawyers, a Thomson Reuters business, is a rating service that uses a patented multiphase process that includes a statewide survey of lawyers, an independent research evaluation of candidates, […]

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TB Profile: Meet Chris Rubino


In this edition of the TB Profile, we introduce you to Chris Rubino, who joined Thompson Burton in 2015 and specializes in commercial real estate. When did you know you wanted to be a lawyer? It was around the end of high school or the beginning of college. I became interested in civics, politics, world events and how lawyers were always involved in the process. I was business and economics major in college, which allowed me to understand how business and economics affected everything around me. That combination led me to focus on creditor rights in law school. How did you choose commercial real estate? I started my career in New York doing mostly corporate reorganization and bankruptcy, which was very interesting. When I moved to Nashville, I transitioned to commercial real estate representing banks, developers and high-net-worth individuals investing in real estate. My prior reorg and bankruptcy work gives […]

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TB Construction Crew Makes An Impact


The TB Construction Crew did an amazing job Sunday despite the rain. It was a great volunteer opportunity. We arrived at 7 am and worked until about 11:30am before it rained us out. However, during that short time, we installed roof trusses and braced them with hurricane ties, finished the housewrap and installed windows. Not bad for a half day’s work. We met with Jazmyn, a wonderful young woman who is excited to finally own a home for her and her son. Thanks to everyone those for a great team effort! See all the photos

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