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Specialty's Café & Bakery, Inc., In re--Brady v. United States, SBA

Specialty's Café & Bakery, Inc., In re--Brady v. United States, SBA

Ruling
Proceeds of Paycheck Protection Program loan that was rescinded by debtor were subject to aresulting trust and not property of the estate. (Bankr. N.D. Cal.)
Issue(s)
Property of the Estate; Estate Acquires Same Interest Held by Debtor.

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Commercial opinion summary, case decided on February 02, 2022 , LexisNexis #0322-064