Lawful Thoughts®
Focused on Legal Issues Affecting Businesses
of All Shapes and Sizes
Avoiding Bankruptcy Stay Violations: An Update
Introduction In 2021, the U.S. Supreme Court ruled that a creditor did not violate the automatic stay in bankruptcy when it refused to surrender vehicles after the owners filed Chapter 13 bankruptcy c...
Continue ReadingThe Deadline is Here: Is Your Business Required to Register with RetirePath?
February 15, 2024 is the deadline for eligible employers to register with RetirePath Virginia, a state-sponsored retirement savings program for private-sector employees. If your business has fewer tha...
Continue ReadingNew Reporting Requirements May Affect Your Business: An Overview of the Corporate Transparency Act
Beginning on January 1, 2024, most businesses in the United States are subject to an important new federal reporting requirement. The Corporate Transparency Act (“CTA”) requires companies to report in...
Continue ReadingFederal Policy Statement Regarding Commercial Real Estate Loans
Policy provides guidance on the agencies’ supervisory expectations with respect to financial institutions’ handling of CRE loan accommodation & workout matters.
Continue ReadingVirginia Employers Beware: New Employment Laws in Effect as of July 1, 2023
There were a handful of important updates to employment law in the Commonwealth effective July 1 made in the 2023 Virginia legislative session.
Continue ReadingNew UCC Amendments Address Certain Digital Assets
The growth in use of digital assets, such as cryptocurrencies and non-fungible tokensgrowth requires changes to the law.
Continue ReadingCelebrating Black History Month with Legal Firsts in Virginia
To celebrate Black History Month, Spotts Fain will be highlighting a few of the many black attorneys who had a significant impact on equal access to justice in Virginia over the years. This year we ar...
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