Category: Bankruptcy

Don’t Be Caught Unaware: The Role of Forensic Accountants in Bankruptcies

Chapter 11 bankruptcy is a complicated process and having as much information as possible is necessary to ensure a smooth journey. As bankruptcy activity may pick up in the second half of 2021, companies and their lenders may need the services of a forensic accountant to objectively evaluate any potential issues within a company’s financial records.

Chapter 11 Debtors with Confirmed Plans Now Eligible for PPP Loans

Thanks to new guidance from the Small Business Administration, some Chapter 11 debtors may be able to obtain Paycheck Protection Program funding after being locked out for the majority of the program’s run. However, there is a catch. To qualify, debtors must have a confirmed plan and get applications in before May 31.