As Chapter 11 debtors have grappled with the SBA’s surprising anti-debtor stance, a promising strategy has emerged. This strategy does not make sense for every Chapter 11 debtor, but for those Chapter 11 debtors that need additional liquidity and otherwise qualify for a PPP loan, quick action may be necessary.
As COVID-19 continues to devastate the U.S. and local economies, the service industry in particular has experienced substantial declines in both business and profits. However, the new Subchapter V of Chapter 11 of the Bankruptcy Code and the CARES Act have provided service industry debtors with new and potentially life-saving tools to solve their unique debt issues moving forward.
- EventLet’s Talk About Tax — An Annual Sampler 2025
- EventAre Your I-9s Fine? How To Prepare for an I-9 Audit and Protect Your Organization Through Compliance Best Practices
- Event100 Days In: Implications of U.S. Tariffs, Trade and Foreign Policy on U.S. Business
- Legal UpdateMPCA Issues Draft Rules and Hearing Notice for Reporting Products with Intentionally Added PFAS