New COVID-19 Bill Provides Additional Bankruptcy Relief

On Sunday, December 27, 2020, President Trump signed into law the Consolidated Appropriations Act, which provides $900 billion in a second wave of economic stimulus relief for industries and individuals faced with challenges from the COVID-19 coronavirus. This legislation supplements the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) and further amends several provisions of title 11 of the United States Code (the “Bankruptcy Code”) by providing financially distressed small...
By: Morrison & Foerster LLP

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