The COVID-19 pandemic has forced many hospitality professionals and their clients to confront bankruptcy, insolvency, and loan workout issues for the first time since the Great Recession. Chapter 11 presents a host of unique...more
9/15/2020
/ Automatic Stay ,
Bankruptcy Code ,
Chapter 11 ,
Chapter 7 ,
Collateral ,
Coronavirus/COVID-19 ,
Financial Guarantee Requirements ,
Franchise Agreements ,
Hospitality Industry ,
Insolvency ,
Limited Liability Company (LLC) ,
Partnerships ,
Reorganizations ,
Single-Asset Debtor
The global COVID-19 pandemic has devastated the hospitality industry. Hotel occupancy rates have fallen greatly in many markets, with employee layoffs and property closures affecting even the largest and otherwise best...more
9/1/2020
/ Chapter 11 ,
Coronavirus/COVID-19 ,
Debt ,
Financing ,
Forbearance Agreements ,
Franchise Agreements ,
Hospitality Industry ,
Hotels ,
Liquidity ,
Property Valuation ,
Reorganizations ,
Single-Asset Debtor