Bankruptcy Law News and Insights

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...

Read More

Hertz Bankruptcy Court Weighs In On Make-Whole Premiums, Solvent-Debtor Exception, And Pendency Interest

Published: Apr 05, 2022
|
Perhaps surprisingly given the rarity of such cases, a handful of high-profile court rulings recently have addressed whether a solvent chapter 11 debtor is obligated to pay postpetition, pre-effective date interest ("pendency interest") to unsecured creditors to render their claims "unimpaired" under a chapter 11 plan and, if so, at...

Read More

Bankruptcy And IRC Section 4980H

Published: Apr 01, 2022
|
The recent bankruptcy case of In re Creative Hairdressers, Inc. et al,  Case Nos. 20-14583 and 20-14584 (jointly administered) (Bankr. D. Md., March 3, 2022) involved the intersection of IRC section 4980H's employer shared responsibility payment and bankruptcy law. Bankruptcy and Section 4980H's Employer Shared Responsibility Payment This case addresses an interesting intersection...

Read More
Go to Top