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The Whistleblower’s Show Can Go On: Georgia Supreme Court Allows Complaint to Proceed Despite Inconsistent Bankruptcy Filing

Your former employee sues you, but your employee-plaintiff filed for bankruptcy. You diligently research the bankruptcy filings and discover the employee did not disclose the lawsuit against you in those filings, which are sworn to under oath. You might have a winner to get out of the case, right? Well, it is not quite that simple, according to a recent ruling in Georgia.

USA, Georgia, Insolvency & Restructuring, Litigation, Bradley Arant Boult Cummings LLP
PPP Funds Expanded and SBA Provides Continued Guidance on PPP Loans

On April 24, 2020, the Paycheck Protection Program and Health Care Enhancement Act was signed into law and provided an additional $310 billion for the Paycheck Protection Program (PPP). The Small Business Administration (SBA) resumed accepting PPP loan applications on April 27, 2020. In light of the quick exhaustion of initial PPP loan funds, eligible businesses should apply for PPP loans soon to increase the likelihood of receiving available funds.

The SBA has also provided additional guidance for entities applying for loans.

USA, Banking, Company & Commercial, Insolvency & Restructuring, Bradley Arant Boult Cummings LLP, Private equity, Hedge funds, Paycheck Protection Program, Small Business Administration (USA)