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Debtor-Hospitals Can Be Denied Federal Coronavirus Aid

ABI

JANUARY 13, 2021

American Bankruptcy Institute Law Review Staff. . In March of 2020, Congress enacted the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) in response to the Covid-19 pandemic. [i] vi] PVH and CRH each answered “Yes” in their loan applications and were subsequently denied loans.

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Debtor Bankruptcy Loans Construction 40
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Bankruptcy Disqualifies Parties From Access to PPP Loans

ABI

JANUARY 13, 2021

American Bankruptcy Institute Law Review Staff. . In response to the economic fallout of the global COVID-19 pandemic, Congress passed the CARES Act, a part of which made government-guaranteed loans available to qualified small businesses through the Paycheck Protection Program (“PPP”). [i] 706(2)(A) and (C). [v]

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Bankruptcy Loans Debtor Government 40
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