The economic devastation caused by the coronavirus has prompted J. Crew, Neiman Marcus, J.C. Penney, Tuesday Morning, and Hertz to all file for Chapter 11 Bankruptcy.
Listen as Partner Richard Levy, Jr. explains what Chapter 11 means to a company: A Bloomberg Minute [audio clip].
Levy was interviewed by Tom Busby, a syndication reporter for Bloomberg Radio, doing reports for WBZ/Boston, KYW/Philadelphia, and other stations. The above recording began airing on WCBS Newsradio 880 and WINS1010 radio on Sunday, May 31, 2020.
Learn More About Levy
Richard Levy, Jr. is a member of Pryor Cashman's Bankruptcy, Reorganization + Creditors' Rights, Litigation, Banking + Finance, and Investment Management Groups. He is experienced in all phases of Chapter 11 and Chapter 7 bankruptcy cases, related litigation, and dissolutions under state law. Rich counsels and represents business and individual clients in reorganization and liquidation matters. His work regularly involves bankruptcy- and insolvency-related counseling, corporate, commercial and real estate transactions, and intellectual property licensing. Learn more here.
Originally published June 9, 2020.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
