The uncertainty surrounding the COVID-19 pandemic has rocked the global economy, and companies of all types and sizes are feeling the impacts. In recent weeks, certain high-profile retailers filed for Chapter 11 bankruptcy protection. Some airlines are expected to enter bankruptcy as well, and even farmers are feeling the pinch. Overall, data suggest that bankruptcies … Continue Reading
As the COVID-19 pandemic continues, the hospitality industry is being hit particularly hard. Reservations and travel are down, while cancellations are up. The hotel sector in particular is facing momentous challenges, which is having a significant impact on the economy due to the fact that the hotel industry represents a significant segment of the US … Continue Reading
As the COVID-19 pandemic continues to unfold across the country, voluntary self-isolation efforts and a proliferation of state and local “shelter-in-place” orders have brought business activity to a screeching halt. As business leaders work feverishly to consider the options available to safeguard their companies, we recommend that they keep in mind the three C’s: Care, … Continue Reading