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.
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