New Mexico Court Holds that Bankrupt Entities are Eligible for the Paycheck Protection Program

Joining three other bankruptcy courts, Judge Thuma of the District of New Mexico recently held that the rules issued by the Small Business Administration (“SBA“) that restrict bankrupt entities from participating in the Paycheck Protection Program (“PPP“) violated the Coronavirus Aid, Relief, and Economic Security Act, H.R. 748, P.L. 115-136 (the “CARES Act”), as well […]

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by H. Joseph Acosta, Esq.

Fourth Circuit Upholds Bank’s Disclaimer of Liability

Banks regularly enter into commercial relationships with their customers such as opening new depository accounts. These relationships are often contractual in nature and seem relatively straightforward until an unexpected incident occurs that causes the relationship to unravel. What then are the duties owed by each party to each another? The default rule seems to be […]

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by H. Joseph Acosta, Esq.