As a result of manner our elected officers have responded/reacted to COVID-19, many companies are closed. So, how can they pay their hire, insurance coverage and utilities in the event that they don’t have any revenue? The reply is pretty easy. I name it the “Enterprise Value Forgiveness Act.”
If a enterprise can present that it can’t earn revenue as a result of measures taken by their state or native officers in response to COVID-19, they are going to be eligible for a common price waiver, issued by their state or native authorities, which can exempt them from having to pay any payments till the imposed situations change. The federal authorities will rubber stamp its approval, and it’s executed. Based mostly on this waiver no landlord, utility or insurance coverage firm can legally throw them out, lower off their service, or cancel their protection. The whole lot would go right into a state of suspended animation.
If that occurred, issues would possibly change slightly rapidly, which could reveal that a couple of thousand lives actually aren’t as essential as the final financial system.
Arthur Saginian
Santa Clarita
