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Bankruptcy Relief Extension Act Extends Various CARES Act Amendments into the Bankruptcy Code

Bankruptcy Relief Extension Act Extends Various CARES Act Amendments into the Bankruptcy Code

Final March, in reaction to your pandemic, the Coronavirus Aid, Relief, and Economic safety Act (CARES Act) made changes that are several the Bankruptcy Code, including those modifications talked about much more detail right here. Since it became clear that people will be working with for considerably longer than previously expected, Congress passed the Consolidated Appropriations Act (CAA), which made extra modifications to your Bankruptcy Code, including those explored in detail in this short article.

Below is a listing of different CARES Act and CAA amendments into the Bankruptcy Code and their respective sunset dates as modified because of the Extension Act.

Elizabeth Brusa is a co-employee into the Banking and Financial solutions Practice Group whom is targeted on economic solutions litigation, bankruptcy conformity and litigation, judgment and arbitration honor enforcement, and tiny buck and lending that is unsecured.