Business Recovery Plan
Providing Temporary Relief for Businesses Affected by COVID-19
Presiding Justice Alice B. Gibney has announced the start of a business protection program, the Business Recovery Plan, in response to disruptions caused by COVID-19. The court will provide supervised protections for Rhode Island businesses so they can remain operational, access new working capital, and pay debts.
The court will use a non-liquidating receivership model, which will keep the business and its assets intact. The court will appoint a receiver to oversee the preparation of an operating plan for businesses in the program. Once new working capital, such as disaster relief or small business assistance, is accessed by the business, it will be able to maintain operations, address its debts, and begin to generate revenues again.
The COVID-19 pandemic is disrupting, and in some cases, forcing businesses to close which negatively impacts the state’s economy. Businesses that were not in default on its debts prior to the pandemic are eligible to file a petition with the Superior Court and will be assigned to the business calendar.
Administrative Order 2020-04, COVID-19 Business Recovery Plan
Order, COVID-19 Business Recovery Plan – Program Coordinator
For more information and to determine your eligibility, please read our Frequently Asked Questions in English or Spanish
or contact your attorney.
Press releaseannouncing the Business Recovery Plan.
Other helpful COVID-19 business resources from the State of Rhode Island:
Small Business Hotline: (401) 521-HELP or e-mail info@commerceri.com
Rhode Island Department of Labor and Training
for unemployment insurance and employer information
United States Small Business Administration
Disaster Loan Assistance Frequently Asked Questions
Apply for Disaster Loan Assistance