The COVID-19 pandemic continues to impact every one
of us in a variety of ways. The unpredictability of the pandemic has led to
widespread uncertainty in the markets, unprecedented business disruption,
economic chaos, and difficulty in confidently planning for the future.
Therefore, it is now more important than ever for
business owners to make an immediate assessment of their financial and
operational status and challenges, and their assets and liabilities, so that
they can best prepare to survive COVID-19.
Businesses should be taking proactive steps, now, to
determine whether, and to what extent, they will need to obtain short-term
financing, negotiate with their creditors to restructure their financial
obligations, address operational concerns to improve liquidity and cash flow,
prepare to seek bankruptcy protection to reorganize their business, and/or wind
down their business affairs in an orderly manner.
business restructuring and reorganization group is highly qualified to help
businesses, in any industry, navigate through these various options and
opportunities. Our attorneys have decades of knowledge and experience assisting
financially and operationally troubled borrowers, business owners, property
owners, and tenants to creatively and effectively negotiate and resolve their
challenges, either through out-of-court workouts, litigation or bankruptcy.
We also have extensive experience representing
landlords, creditors and vendors in protecting their rights and interests when
confronted with a defaulting borrower, business or tenant, both in and out of