Insolvency and the pandemic
Business Daily
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Pandemic Loans - What's the Impact?
There's been a lot of criticism in the us. About the pay check protection programme. There are reports that the money went to big businesses which didn't need financial help. And there are concerns that some of the money artificially propped up failing businesses. I've been speaking to mark pero about that. He's an expert in bankruptcy proceedings and works for a company called b riley financial, the best in dallas. What we're seeing right now is companies who were having problems a leading into the pandemic, that used that money to stave off bankruptcy,. But they still really haven't figured out how to operate their businesses properly. Now the're having troubles because the money from
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