ARCHIVED BLOG POSTS
2020
The Paycheck Protection Program (“PPP”) is geared to small business. The Small Business Administration (“SBA”) uses a very specific and complicated definition to determine which businesses can generally qualify for SBA loans. Generally, qualifying business must be a “small business concern” to ob...
04/16/2020
Over the past week, I’ve been asked whether there is anything in the CARES Act that can facilitate entrance, DIP, or exit financing for a chapter 11 debtor? The short answer is likely not the longer answer is maybe.The Act delegates rule making authority to Treasury and the SBA. Given the short t...
04/07/2020
For the past several weeks I have been closely following the legislation and rule making concerning the CARES Act, payroll protection loans, and related provisions. One of the most confusing is how attribution/affiliation rules apply to companies that want to take out payroll protection loans. ...
04/03/2020
The Internal Revenue Service today urged taxpayers to be on the lookout for a surge of calls and email phishing attempts about the Coronavirus, or COVID-19. These contacts can lead to tax-related fraud and identity theft."We urge people to take extra care during this period. The IRS isn't going t...
04/03/2020
