Harvard Bankruptcy Blog Features Stinson Attorneys on CARES Act and DIP Loans
Stinson partners Tom Salerno, Gerald Weidner, Chris Simpson and Susan Warshaw Ebner recently published an article on Harvard Law School’s Bankruptcy Roundtable examining how the Coronavirus Aid, Relief and Economic Security (CARES) Act could be a potential source of debtor-in-possession (DIP) financing. The authors discuss some of the major CARES Act provisions that could come into play in the bankruptcy arena, including small business provisions such as Emergency Economic Injury Disaster Loans and the Paycheck Protection Program.
“As we embark on this journey into the great unknown together, as restructuring professionals we must continue to explore avenues of opportunity that open for our clients (existing and future). As they say, when one door closes, another opens,” the authors write.
View the full article on the blog and stay tuned for Part II: Larger Business Provisions and Specified Industry Loan Program provisions.