UPDATE: Fifth Circuits Holds Bankruptcy Court Cannot Enjoin the SBA Regarding PPP Funding to Debtors
June 25, 2020
Jackson Kelly previously reported on a number of Bankruptcy Courts granting temporary restraining orders against the Small Business Administration (“SBA”) to allow bankruptcy debtors to apply for Paycheck Protection Program (“PPP”) funds and prohibiting the SBA and any lender from denying the application due solely to the applicant’s status as a bankruptcy debtor. (See May 7, 2020 Health Law…