Chapter 11 Debtors With Confirmed Plans Are Now Eligible For PPP Loans
By EsqSocial Corporation 30/04/21
The Small Business Administration (SBA) published new guidance declaring Chapter 11 debtors with confirmed plans as eligible for Paycheck Protection Program (PPP) loans. The new guidance creates an exception to the SBA’s blanket rule that any entity “presently involved” in bankruptcy is not eligible for PPP funds......
By: McCarter & English, LLP