Second Circuit Split Resolved: No PPP Loans For Debtors In Bankruptcy
Published:
Apr 13, 2022
In March, the U.S. Court of Appeals for the Second Circuit joined a growing majority of courts with Springfield Hospital, Inc. v. Administrator for the U.S. SBA, holding that no matter how forgiving its terms, a CARES Act's Paycheck Protection Program ("PPP") loan is not protected under section 525(a) of the...
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