Photo of Dawn M. Peacock

Dawn M. Peacock is an associate attorney in Dykema’s Chicago office where she focuses her practice in business litigation. Ms. Peacock’s practice focuses on a variety of complex civil matters.

Ms. Peacock graduated from Chicago-Kent College of law in May 2019. While in law school, Ms. Peacock wrote and served as Notes & Comments Editor for the Chicago-Kent Law Review, competed as a member of Chicago-Kent’s National Trial Advocacy Team and served as the 2019 Student Bar Association Class President. She also assisted professors as a teaching assistant in Criminal Law, Property Law and Corporations. During her time, Ms. Peacock earned CALI Awards for Excellence in both Legal Writing III and Corporations. Ms. Peacock was selected and inducted into the Bar & Gavel Society for her achievement and contribution to Chicago-Kent.

On December 27, 2020, the Consolidated Appropriation Act of 2021 (the “CAA“) was enacted to provide additional coronavirus stimulus relief for businesses challenged by the ongoing Covid-19 Pandemic. In doing so, the CAA includes several targeted, but temporary, changes to the Bankruptcy Code (the “Code”) which will have implications for lenders, landlords, vendors and other creditors. Absent further legislation, these changes will sunset on December 27, 2022, but will continue thereafter to affect cases filed prior to that date.

  1. PPP Loans Still Aren’t For Everyone: CAA Attempts to Clarify Debtors’ Eligibility

The CARES Act, passed at the outset of the Covid-19 pandemic, did not make clear whether bankrupt debtors were eligible for the Paycheck Protection Program (“PPP“) loans it provided. The Small Business Administration (“SBA”), the agency charged with implementing the PPP loan program, previously promulgated regulations disqualifying all bankrupt debtors from the program, and it sought to enforce that regulation in the Bankruptcy Courts. Litigation ensued over debtor eligibility for PPP loans, but no clear consensus emerged.
Continue Reading Bankruptcy’s New Normal – The Consolidated Appropriations Act Distances from the Bankruptcy Code to Provide Further Covid Relief