Restructuring Debts and Bankruptcy Protection Due to COVID-19

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Although the full-extent of the business disruption of the global coronavirus pandemic is not yet known, the unprecedented recent events are certain to have a far-reaching impact upon debtors, creditors, employers, employees, landlords, tenants, companies and individuals. It may be necessary for those impacted by current events to proactively consider businesses strategies that may be implemented to curb its effects, including, but not limited to:

Although we have experience representing virtually all parties to distressed transactions, the Restructuring, Insolvency and Bankruptcy Group at Burke, Warren, MacKay & Serritella, P.C. specializes in debtor representations in Chapter 7 and Chapter 11 bankruptcy cases as well as other out-of-court insolvency proceedings. While the goal is always to endeavor to maintain the going-concern value of our clients without resorting to a bankruptcy filing or other insolvency proceeding, extreme measures are sometimes required, and in any event, being aware of the contours of the Bankruptcy Code and other restructuring/reorganization/liquidation options can provide significant leverage in creditor negotiations.

Our attorneys are available to consult on proactive measures that may be required to preserve and protect your business interests.

330 North Wabash Avenue, Suite 2100
Chicago, Illinois 60611-3607
T: 312.840.7000
F: 312.840.7900