Hoylman calls for Child Victims Act extension

By Maria Rocha-Buschel

State Senator Brad Hoylman is pushing to extend the revival window for the Child Victims Act (CVA) by another year because the pause on non-essential court filings cuts short the full 12-month period for survivors to file suit.

“Pausing all non-essential court filings is a difficult but necessary step to protect the health and well-being of our judicial system,” Hoylman said. “When we finally passed the Child Victims Act, we attempted to guarantee a full 12-month period for survivors to file suit. Yet because COVID-19 has indefinitely paused our judicial system, the CVA’s revival window has effectively closed as of today.”

The Office of Court Administration (OCA) last month announced an indefinite pause on non-essential filings and Hoylman argued that as a result, the CVA’s revival window is now effectively closed. The year-long lookback window opened last August when the law went into effect and it is unknown if survivors will be able to file claims again before the window was supposed to close this coming August.

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Relief available for small businesses affected by COVID-19

By Maria Rocha-Buschel

The de Blasio administration and the Department of Small Business Services announced last Friday that loans are now available for small businesses that have been affected by COVID-19. The Small Business Continuity Fund offers financial assistance to small businesses in New York while they deal with challenges in response to coronavirus, and businesses can access the application online.

To meet the requirements for a loan, small businesses must be located within the five boroughs, demonstrate that the COVID-19 outbreak caused at least a 25% decrease in revenue, employ fewer than 100 employees across all locations, have no outstanding tax liens or legal judgments and demonstrate the ability to repay the loan.

In order to demonstrate a revenue decrease, businesses will be required to provide documentation such as point-of-sales reports, bank statements, quarterly sales tax filings, 2019 tax returns, or CPA-certified profit & loss statements. Businesses that are eligible can receive loans up to $75,000 to help retain employees and ensure business continuity.

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