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.
- EventWomen of Color in the Law: Lifting as We Climb
- EventLet’s Talk About Tax—An Annual Sampler 2024
- EventHealth Law Webinar—Navigating Health Care Transactions: Beyond the Basics
- Legal UpdateThe Duty To Preserve and Navigating the Intricacies of Privilege, Waiver of Privilege and the Use of FRE 502(d) in E-Discovery