Business Viewpoint: Bankruptcy’s Effect on PPP Loan Eligibility Unclear

Businesses seeking economic relief due to the COVID-19 pandemic have unanswered questions regarding the effects of bankruptcy on their Paycheck Protection Program (PPP) loan eligibility. Mark A. Craige, a member of the firm’s Bankruptcy & Creditor’s Rights Practice Group, discusses why businesses should apply for PPP loans before filing for reorganization under Chapter 11. More.