Now that we are on the road to recovery from the pandemic, what trends are you seeing around restructuring and bankruptcy filings?
Rallis: With the end of lockdowns and the reopening of the economy, state and local governments will soon end, or have already ended, their eviction and foreclosure moratoriums, which will allow evictions and foreclosures to restart after being on pause for more than a year. It is expected that landlords and lenders will already be ready to move on day one after the expiration of the moratoriums, potentially causing bankruptcy filings to spike as distressed companies threatened by an eviction or foreclosure can procure a temporary reprieve by filing bankruptcy and obtaining the benefits of the automatic s…
Read the full article at: https://labusinessjournal.com/news/2021/jul/26/bankruptcy-restructuring-roundtable-discussion/