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Businesses in chapter 11 bankruptcy cases were barred from receiving federal loans under the Paycheck Protection Program ("PPP")

It is possible that Blondie was speaking from the perspective of the IRS in its hit song "One Way or Another"...

Congress just made it easier and less expensive for small businesses to reorganize under Chapter 11.

On June 3, 2020, the Senate unanimously passed H.R. 7010, also known as the Paycheck Protection Program Flexibility Act of 2020 (the "Act"), which amends certain provisions of the Paycheck Protection Program ("PPP") established under the CARES Act.

Yesterday, the Federal Reserve issued a press release announcing that it will establish new programs to support the flow of credit to employers, consumers and businesses.

Significant benefits may be afforded cooperatives and condominiums through the Paycheck Protection Program contained in the CARES Act passed by Congress and signed into law on March 27th.

The Treasury Department released new guidance on April 23, 2020 regarding the Paycheck Protection Program (PPP) in an effort to curtail the fallout from news that publicly traded...

On April 2, House Speaker Nancy Pelosi (D-CA) announced that Majority Whip James Clyburn (D-SC) will chair a bipartisan House select committee overseeing the government's coronavirus expenditures.

The CARES Act appropriated $100 billion to establish a Provider Relief Fund to distribute payments to health care entities across the country that have been affected by COVID-19.

Partner and Executive Committee Member Todd Soloway authored an article for the Hotel Executive section of Hotel Business Review.

December 10, 2020 — The firm represented United Airlines as the borrower of a $7.491 billion secured loan under the U.S. Department of Treasury's airline loan program.

We can see many areas where the COVID-19 pandemic could adversely affect Real Estate Investment Trusts ("REITs")

On April 10, 2020, the Internal Revenue Service ("IRS") released frequently asked questions (FAQs) to address specific issues relating to the deferral of the employer portion of Social Security...

PPP Flexibility Act Clarification. Buzz readers likely recall that President Trump signed the Paycheck Protection Program (PPP) Flexibility Act into law last week.

Washington Governor Jay Inslee issued Proclamation 20-49, ordering a temporary suspension of all new garnishments of consumer debt judgments, as well as a suspension of enforcement of any garnishment order already issued.

On August 8, 2020, the president signed several executive memoranda and an order addressing the continued economic havoc of the COVID-19 pandemic, two of which are of direct interest to employers.

It has been said that when something seems too good to be true, it probably is.

As discussed in this PubCo post, in April, the Treasury Department issued a series of FAQs related to loans made under the Paycheck Protection Program provisions of the CARES Act, one of which was addressed to borrowers...