PPP loans kept many small businesses afloat this summer. Without more funds, experts say a wave of bankruptcies is coming.

Thursday, September 10, 2020

Brian Shaw was quoted in a Chicago Tribune article discussing an anticipated wave of bankruptcies among small businesses when Paycheck Protection Program (PPP) loans run out, absent additional funding. “You’re going to see a wave of closures after Labor Day. Businesses just are not going to be able to continue,” he said. The article addresses the variety of reasons why businesses might decide to file for bankruptcy, and the effect a PPP loan could have on bankruptcy proceedings.

 

Click here to read the article.

People

Related Practice Areas

Keep up-to-date with the latest news from Cozen O'Connor

Enter your City or Zip.

Probably shouldn't change this:
Sign up to receive alerts, publications, and event / webinar invites.

By submitting your contact information, you are giving Cozen O'Connor consent to contact you via email.