Bankruptcy Code Provisions Expanded Under CARES Act

On March 27, 2020, the Coronavirus Aid, Relief and Economic Security (CARES) Act was signed by President Trump after obtaining bipartisan support in both the House and Senate. The CARES Act is a $2.2 trillion economic relief package that provides emergency assistance and health care response for individuals, families and businesses affected by the COVID-19 pandemic. The CARES Act also made changes to the United States Bankruptcy Code. More.