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To embed, copy and paste the code into your website or blog: On December 27, 2020, the Consolidated Appropriation Act (“CAA”) was signed into law. The CAA amends the Bankruptcy Code in several significant respects. Most of the amendments expire in either one or two years unless they are later extended. Ten changes to the Bankruptcy Code are summarized below.  Any financially distressed company and its creditor constituents – including borrowers, lenders, landlords, tenants, trade vendors, utility companies, and customs brokers – will be interested in one or more of these changes. Potentially Making PPP Loans Available to Debtors The Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) created the Paycheck Protection Program (the “PPP”), administered by the Small Business Administration (“SBA”), and created a controversy about the availability of such loans to companies in bankruptcy. The SBA consistently opposed PPP loans for debtors, and the ca

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