The House has passed a bill that will now go to the President to sign into law that raises the eligible debt ceiling for Subchapter V of Chapter 11 to $7,500,000. Small businesses with up to $7,500,000 in noncontingent,...more
Recent decisions and court commentary suggest that a creditors’ committee appointed in a Chapter 11 case should take immediate action to ensure that its rights to pursue derivative standing are preserved, particularly when...more
The recently-passed Consolidated Appropriations Act, 2021 (the “CAA”) augments the CARES Act by expanding the existing Paycheck Protection Program (“PPP”) and adding additional stimulus programs in an attempt to lay some...more
1/8/2021
/ Bankruptcy Code ,
CARES Act ,
Consolidated Appropriations Act (CAA) ,
Debtors ,
Economic Stimulus ,
Eligibility ,
Exemptions ,
New Legislation ,
Paycheck Protection Program (PPP) ,
Safe Harbors ,
SBA