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Many small and family-owned businesses were forced to close during much of the COVID-19 pandemic, while others were able to shift to remote operations. Regardless of whether your doors were able to remain open, you may be feeling overwhelmed by the financial stress of the stalled economy, even if you were eligible for the CARES Act and PPP loans. Although we are anticipating a loosening of restrictions on business in NJ over the coming weeks and months, it helps for business owners and employers to be aware of their business’s leverage, legal options, and the contours of the financial restructuring process.
Our speakers’ combined legal experience in the area of reorganization and financial restructuring of businesses has helped many companies navigate economic downturns, as well as manage credit risks. Our team has also been analyzing the impacts that existing, new, and proposed laws will have on a variety of business types during this uncertain and unprecedented time.
This webinar will cover:
- Steps for business pandemic resiliency planning
- Putting actions in place with proper internal and external teams
- Cost cutting and raising capital
- Workout options with creditors short of bankruptcy
- Bankruptcy Chapter 11, Chapter 7, and Subchapter V bankruptcy
- Dissolution Options
- Creditors rights discussion - What to do if a borrower, tenant or customer is in bankruptcy
- Impact of CARES Act and other relief including the Paycheck Protection Program
Panelists:
William J. Burnett, Shareholder, Bankruptcy, Financial Restructuring & Risk Management Practice
Harry J. Giacometti, Shareholder and Department Chair, Bankruptcy, Financial Restructuring & Risk Management Practice
Douglas S. Stanger, Shareholder, Bankruptcy, Financial Restructuring & Risk Management Practice
Damien N. Tancredi, Shareholder, Bankruptcy, Financial Restructuring & Risk Management Practice
Date & Time:
Tuesday, June 9, 2020
11:00 AM - 12:00 PM
Cost:
Chamber Members - Free
Guests - $10
