In recent days, restaurants and shopping malls have been forced to close or limit their operations, and in many locales other non-essential businesses are facing curfew restrictions or have been shuttered as well. Manufacturing operations and construction projects are suffering from supply chain interruptions, while financial relationships are being increasingly challenged and stretched to their limits. Landlords and tenants, lenders and borrowers, and parties to business relationships are urgently evaluating strategies and searching for answers in order to proactively protect their respective economic interests.
While none of us have dealt with the far-reaching implications of a global pandemic previously, our attorneys are well-versed in the various financial issues that arise as a result of an economic catastrophe. Throughout its 100+ year history, our firm has successfully guided clients through a multitude of economic "firsts," including the record-breaking high interest rates of the early 1980s, the stock market crash of 1987, the tech sector crash of 2000, and the recession of 2008 and 2009.
Our Bankruptcy & Financial Restructuring Practice Group, under the leadership of David L. Bruck, is actively evaluating cogent and efficient strategies to best address all relevant issues, and stands ready to assist clients and business associates in charting an efficient and sound course of action to address mounting challenges. Mr. Bruck can be reached at 732.476-2440 or dbruck@greenbaumlaw.com with questions or to discuss your specific concerns.