This article appeared in The Bankruptcy Strategist, featuring the strategies and techniques devised by the country’s top bankruptcy lawyers and reports on innovative procedural techniques, legislative developments and recent judicial rulings — plus what they mean for you and your clients.
Many communities have been experiencing a growing restaurant scene over the last few years. In fact, recent years have been considered the “golden age” for restaurants. For now, that restaurant scene is virtually non-existent, and it looks nothing like it did six months ago because of the COVID-19 novel coronavirus. Restaurants have lost nearly three times more jobs than any other industry since the beginning of the COVID-19 pandemic. While some restaurants are trying to keep their employees employed and their doors open with take-out only concepts, many have closed their doors, for now.
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