The Paycheck Protection Program Flexibility Act

On June 4, 2020, Congress passed a bill called the PPP Flexibility Act of 2020, which amended the federal Paycheck Protection Program (“PPP”). The PPP was instituted in April to boost small businesses in the wake of the COVID-19 pandemic by offering forgiveness-eligible loans to businesses, contingent upon the satisfaction of n requirements. The PPP Flexibility Act was passed to make it easier for businesses to qualify for PPP loan forgiveness by providing additional benefits and/or exemptions...
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Effect of Bankruptcy on Student Loans

Since the changes to the Bankruptcy Code made under the Bankruptcy Abuse Prevention and Consumer Protections Act of 2005, it has generally been thought that discharging student loans in Bankruptcy is nearly impossible; however, in many circumstances that is not the case.   In order to discharge student loan debt under the Bankruptcy Code, a debtor must show that repayment of said loans would impose an “undue...
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