Debtors Still Left in Doubt as to Availability of PPP Loans
By EsqSocial Corporation 06/01/21
The Comprehensive Appropriations Act, 2021 (the “CAA”), signed on Dec. 27, 2020, provides for a new round of Paycheck Protection Program (“PPP”) loans. Unfortunately for debtors in bankruptcy, the CAA is entirely unclear as to whether companies currently under bankruptcy protection may obtain PPP loans under this second round....
By: Nelson Mullins Riley & Scarborough LLP