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46 Preti Flaherty Attorneys Selected by Peers for Inclusion in Best Lawyers in America 2022, Including 3 “Lawyers of the Year”
Forty-six Preti Flaherty attorneys have been named to Best Lawyers in America 2022, including four “Ones to Watch” and three “Lawyer of the Year” recipients. Inclusion in Best Lawyers in America is considered a...
Publication
New Eviction Restrictions for Portland, Maine
On November 3, 2020, voters in Portland approved an amendment to the Code of Ordinances which will implement rent control and tenant protections. The new Sec. 6-236 of the Code of Ordinances extends the...
Publication
Maine’s Exemption Laws Are Changing
In March of this year, Representative Denise Tepler (D. Topsham) introduced “An Act To Increase the Value of Property Exempt from Attachment and Execution,” LD 737, which sought to dramatically change Maine’s exemption scheme. ...
Publication
Changing Control in the Time of COVID: Navigating ‘Change of Ownership’ Prior to PPP Loan Satisfaction.
The Hypothetical Everyone loves a hypothetical, right? So let’s begin with one about Billy Builder: Billy Builder holds 55% of the equity in a construction business he founded way back when the fax machine...
Publication
What to do When a Lender Receives a Notice from the Municipality that Mortgaged Property is Going to be Condemned or is in Violation of the Building Code?
Occasionally, a lender will be served a notice from a municipality alerting the lender that a mortgaged property has had unpermitted construction projects, or otherwise violates the municipal building code. The Maine Uniform Building...
Publication
Bankruptcy Alert: Time's Running Out on Higher Debt Limits of the Small Business Reorganization Act
As we head in to year-end holidays and activities, the clock is ticking on the CARES Act provisions that could help businesses in financial distress and save creditors’ customers – the higher-debt limit that...
Publication
Deadline for PPP Loan Applications Extended to May 31, 2021
On March 30, 2021, President Biden signed H.R. 1799, known as the “PPP Extension Act of 2021,” extending the Paycheck Protection Program (PPP) application deadline by 60 days – from March 31, 2021 to...
Publication
What Financial Institutions Need to Know about Maine Trustee Process
Trustee process is a form of pre-judgment remedy to secure a plaintiff’s ability to collect on the eventual judgment, costs, and interest in litigation. (Me. R. Civ. P. 4B(a)). Under Maine law, through trustee...
Publication
Residential Evictions and the Pandemic – Landlords Beware
NOTE: This article addresses the Executive Orders, Pandemic Management Order, and CDC Order in effect on November 3, 2020. As the pandemic changes, these orders are all subject to change and this information may become...