To observe recommended social distancing measures in response to the current public health crisis, MCLE programs will be presented via webcast through April 2021. Circumstances permitting, in-person programming will resume in summer 2021.
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"1st Look" at the Impact of COVID-19 on Business Bankruptcy Practice

When the Dominoes Fall: Primer on the role of business bankruptcy in the COVID-19 recovery

  • Product Number: 2200351P01
  • CLE Credits, earn up to:
    1.5 substantive credits, 0 ethics credits CLE Credit Note
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  • Product Description

    Product Description

    With much of the world in quarantine, the financial strain brought on by the COVID-19 pandemic has rapidly eroded the solvency of thousands of businesses, big and small, across numerous industries. Former U.S. Treasury Secretary Lawrence Summers recently quipped, "economic time has stopped, but financial time has not been stopped." Revenues are down, liquidity is drying up, and bills are coming due. The dominoes are falling.

    Right now, we are in the interregnum between the outbreak of coronavirus and the "return to normal." Although the economy is on pause, the federal government has pumped trillions of dollars into the financial system, ensuring that capital will be available to assist companies once the quarantines lift. As individual businesses rebuild, many will turn to Chapter 11 of the U.S. bankruptcy code to restructure their debts. This program provides a primer on the role business bankruptcy is likely to play in the COVID-19 recovery.

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    Agenda & Materials

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  • Faculty



    Kate E. Nicholson, Esq., Nicholson, PC, Cambridge
    Cynthia Romano, CohnReznick Advisory Services, New York