The 1920s opened rather inauspiciously. In the spring of 1921, Warren G. Harding assumed office as president of the nation. In Portland, bankers considered Harding a sound choice. They realized, however, that there was little evidence that a “return to normalcy” was imminently due. The economic disruptions of World War I were not to be [...]
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Portland Metro RMA Chapter Members, Sponsors, and Friends: On behalf of the Board of Directors of the Portland Metro Chapter of the RMA, I wanted to express our gratitude for your involvement with the chapter this year. While we have certainly missed the in-person networking that has become a foundation of our chapter, we are [...]
In a whirlwind legislative session that lasted three days, the Oregon Legislature enacted a bill on June 26, 2020 designed to give relief to homeowners and landlords hard hit by the Covid-19 crisis. The bill, HB 4204, has two primary components. First, it establishes a temporary moratorium on judicial and non-judicial foreclosure of any type [...]
Increase in SBRA debt limit. Congress enacted the Small Business Reorganization Act (SBRA) in 2019 with an effective date of February 20, 2020. The SBRA was designed to provide a more efficient and streamlined reorganization process for small business entities for which the expense of a full chapter 11 case and the requirements for plan [...]