Government Notches 4 Victories, Debtors Win Once, in Fights over PPP ‘Loans’
Government often wins by arguing that the Small Business Act prohibits injunctions forcing the SBA to consider granting ‘PPP’ loans without regard to whether the applicant is a chapter 11 debtor.
Court:
Fifth Circuit Bars Debtors from Receiving ‘PPP’ Loans Under the CARES Act
In a rapid-fire appeal, the Fifth Circuit ruled that the Small Business Act bars bankruptcy courts from enjoining the SBA.
Court: