Want to get this daily news briefing by email? Here’s the sign-up.
WHAT WE’RE WATCHING
THE NEXT CHAPTER - Evan Miller, a director at Bayard in Wilmington, Delaware, who specializes in corporate bankruptcy, said the early days of the pandemic resulted in “hands-down the busiest stretch” his career. But, as Law.com’s Ellen Bardash reports, that may have just been a warm-up: with the country opening up and an end to COVID-19 in sight, Miller predicts another uptick of Chapter 11 filings is likely in the upcoming months. The X factor in all this, according to Miller, is whether more pandemic aid will be coming from the government as we head further into the year. “That’s an unknown, and it’s probably the biggest variable in all of this,” he said. “Certainly, if companies have the option to utilize relatively ‘cheap’ funding from the government, then that will help prolong their ability to avoid having to rely upon bankruptcy. Will that happen again? Is there anything else to come, as far as that goes? That’s a trickle-down effect, from both the company’s standpoint as well as the lenders’ that would be lending to those companies, as well.”
This content has been archived.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 Subscriber?
Not a Bloomberg Law Subscriber?
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]