The Bankruptcy Tsunami Is Coming – Maybe? What You Need to Know and Other Covid-19 Induced Legal Issues
The Federal Bar Association Phoenix & Tucson Chapters
Isaac Gabriel moderated this interactive panel discussion on distressed asset litigation and potential bankruptcy filings, including COVID-19 specific issues to distressed assets and loans. Topics included:
- Force majeure clauses, defenses of commercial frustration and impossibility, material adverse change defaults and recent case law interpreting;
- Bankruptcy consideration relating to deferring rent during a Chapter 11 case, modifications to confirmed plans of reorganization, Chapter 22 cases and certain Sub-Chapter V issues.