New COVID-19 Relief Law Includes Limited Bankruptcy Protections Regarding PPP Loans | Perkins Coie
The latest COVID-19 relief legislation has brought additional help and clarity to a select group of debtors and left many other questions unanswered. The requirements of the next cycle of the Payroll Protection Program (P3) and related changes to the bankruptcy code are only a small part of the massive appropriations bill signed by President Trump on December 27, 2020. Several Key sections of bankruptcy relief exclude all Chapter 11. Debtors who are not considered small business debtors under these provisions.