As the COVID-19 pandemic and economic crisis force businesses to shutter for months, more creditors are suddenly finding their contracts have changed as debtors restructure their debt or file for bankruptcy. Jennifer F. Wertz, a partner in Jackson Walker’s Bankruptcy, Restructuring, & Recovery practice, discusses what creditors should consider right now before a bankruptcy case is filed, whether they have a contractual arrangement as a landlord or counterparty or if they are a vendor, supplier, or unsecured creditor.
View this Fast Takes episode covering what businesses should consider before restructuring or filing for bankruptcy »
The music is by Eve Searls.
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