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Courts Grapple With Bankrupt Companies’ Loan Access – Bloomberg Law

Courts Grapple With Bankrupt Companies’ Loan Access – Bloomberg Law

Andrew Helman was quoted this week in an article from Bloomberg Law: “Courts Grapple With Bankrupt Companies’ Loan Access.”

Whether or not bankruptcy courts will require the SBA to consider a company’s loan application has been pegged to how the judge reads section 525(a) of the bankruptcy code. That provision bans governments from denying a license, permit, charter, franchise, or other similar grant because the applicant is or was a debtor in bankruptcy.

“You can’t except bankruptcy debtors from accessing programs that are unique to the government, like the PPP,” said Andrew Helman of Murray Plumb & Murray. Helman represents bankrupt hospitals in Maine and Vermont that sued the SBA to require consideration of their PPP applications.

The full article can be read online at bloomberglaw.com.