Philly judge creates program to help small businesses reopen and negotiate with creditors

“A business owner would file a petition for an injunction. That injunction would stay any debt collections, or rent and mortgage payments while we sort out the issues,” he said. “We’re still dealing with set-up questions. Will we involve law schools? Will the parties be represented? It involves the appointment of a monitor, to contact the creditors and then mediate between business owners and collectors.”

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