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PPP Loans and Small Business Debtors In Bankruptcy

At present, there remains no avenue for Chapter 11 debtors to receive PPP Loans during the course of the bankruptcy case. The limitation on PPP availability notwithstanding, other legislative changes have greatly enhanced the eligibility for and efficacy of bankruptcy relief for many small businesses.

10 minute read May 01, 2021 at 12:07 AM
By
Alison D. Bauer
PPP Loans and Small Business Debtors In Bankruptcy

A number of legislative modifications were made to the Bankruptcy Code to reduce the economic impact of the COVID-19 pandemic on distressed debtors, particularly small business and individual debtors.

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