Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Wendie Childress. (Courtesy photo: David Lubarsky).

In early June, we looked at the impact of COVID-19 and collapsed oil prices on Texas businesses. At that time, forecasts indicated continued losses in the energy, health care, legal and other sectors, more layoffs and an uptick in commercial litigation inside and outside of the bankruptcy courts.

As we close out the third quarter and the economy cautiously reopens, many of these predictions have played out. Businesses continue to struggle with an uncertain future and the need to maximize assets. Bankruptcies and lawsuits are on the rise, while our courts struggle to fully reopen and provide a timely path to resolution. However, there also are signs of stabilization and recovery, and in some instances, losses are fewer than anticipated. Whether and how our precarious recovery continues remains to be seen. In this climate, more than ever, litigation finance is a tool that can ease the financial burdens faced by Texas companies.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

Reorganizations Under Chapter 11 of the Bankruptcy CodeBook

Reorganizations Under Chapter 11 of the Bankruptcy Code is the most complete and up-to-date one-volume treatment of this important business-planning tool.

Get More Information

America's Claims Executive Virtual Leadership Forum & Expo 2021Event

ACE Virtual Leadership Forum & Expo is the annual conference for Senior Claims Executives in Insurance organizations.

Get More Information

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.