The coronavirus known as COVID-19 was unheard of in the U.S. a scant six or seven weeks ago. Today, it dominates the world press, politics and polite (and less-than-polite) conversation, and is rapidly altering the way we work, play and interact — even the way we greet one another.
The coronavirus’s impact on capital markets, supply-chain disruption, hospitality and transportation is already seismic and being compared with the “economic shockwave” akin to the 9/11 economic ramifications. Thomas J. Salerno of Stinson, LLP (Phoenix) and G. Neil Elsey of Avion Holdings, LLC (Scottsdale, Ariz.). proffer eight predictions as to how COVID-19 will alter the restructuring landscape in both the near term (and possibly longer).
American Bankruptcy Institute is pleased to provide this thought provoking article as part of their mission to be the insolvency experts.
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