Can loans available under the CARES Act help a business debtor in bankruptcy?
Over the past week, I’ve been asked whether there is anything in the CARES Act that can facilitate entrance, DIP,...
Purdue Pharma Brings a Single Adversary Proceeding to Enjoin Thousands of Lawsuits
Sep 19, 2019
As expected, Purdue Pharma has commenced proceedings in the Bankruptcy Court to obtain injunctive relief, seeking to put a stop...
Purdue Pharma Bankruptcy Update
Sep 17, 2019
Purdue Pharma’s chapter 11 bankruptcy filing in the Southern District of New York (White Plains) on Sunday evening came as...
Purdue Pharma L.P. files Chapter 11 for Protection from 2600 State and Federal Lawsuits
Sep 16, 2019
On Sunday night Purdue Pharma L.P. filed Chapter 11 seeking protection from more than 2,600 state and federal lawsuits. Purdue...
U.S. Treasury Cannot Exercise Right of Offset After Bankruptcy Has Been Filed
Apr 13, 2019
On March 31, 2019, in Wood v. Dept. of Housing & Urban Development (In re Wood), 18-5006 (Bankr. S.D. W.Va....
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RECENT GS LAW NEWS
- SBA Issues Additional Guidance on PPP Loan: Damn You Shake Shack and Why Does the SBA Hate Debtors in Possession?
- Can a company with more than 500 employees get a PPP loan? Sometimes YES!
- Can loans available under the CARES Act help a business debtor in bankruptcy?
- IRS issues warning about Coronavirus-related scams; watch out for schemes tied to economic impact payments
- Businesses may need to “social distance” too: affiliate rules and payroll protection loans.