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SBA announces the return of the 504 loan refinance program


In late May of this year the Small Business Administration (“SBA”) has re-established the debt refinancing program consistent with the more well- known SBA 504 loan programs.  The 504 loan program was historically only available to purchasers of commercial property.  The debt refinancing program, while available several years ago, was temporary.  The program, which expired

Update On Regulations Defining And Delimiting The Overtime Exemptions For Executive, Administrative And Professional Employees


On May 18, 2016 the Department of Labor announced that it will publish a Final Rule updating the exemption of executive, administrative and professional employees from the minimum wage and overtime pay protections of the Fair Labor Standards Act.  The Final Rule updates the salary level required for exemptions to ensure that the Fair Labor

Tips on Filling Out Your Financial Statement Correctly in Divorce Matters


In all divorce cases it is required that the parties each complete a Financial Statement.  The Financial Statements are exchanged between the parties and filed with the Court.  Financial Statements are signed under the pains and penalties of perjury, therefore itis imperative that the information contained on your financial statement be accurate and contain all

BBB mourns the passing of our colleague Attorney Douglas C. Purdy


In Memoriam It is with great sadness that our firm mourns the passing of our colleague and friend Attorney Douglas C. Purdy February 10, 1943 – May 25, 2016 Doug practiced law in Quincy for over 30 years with Serafini, Purdy, DiNardo & Wells and for the last eight years with Baker, Braverman & Barbadoro,

Tips For Landlord Regarding Lien Waivers


Commercial landlords are routinely requested to enter into waivers with tenant lenders and equipment lessors regarding the secured interest that the landlord acquires in the tenant’s personal property either statutorily, in a lease provision, or in bankruptcy. Since landlords succeed when their tenants are successful, landlords usually sign lien waivers without much thought or concern.