Miami partner Lee Mackson discusses bankruptcy slowdown in an article titled “Bankruptcy Slowdown Promotes Lawyers to Pivot to Transactions and Litigation,” published by the Daily Business Review.
Attorneys feel as government money runs out and eviction moratoriums end, Q4 and early 2022 will host a bankruptcy boom. According to the article, total bankruptcy filings and consumer bankruptcy filings were down 27% for the first half of the year compared to the same period last year.
Due to the bankruptcy slowdown, Lee and his colleagues have pivoted to commercial litigation and real estate litigation. Lee states that “the beauty of working in a large firm is you can pivot to general commercial litigation. We’ve been successful at it.” Lee believes commercial filings will significantly increase by Q1 2022. He believes “ancillary businesses that service large conference hotels and the business travel industry will suffer and many may not recover.”
Click here to read more.
About Lee D. Mackson
Lee D. Mackson is a partner in the Miami office of Shutts & Bowen LLP and Chair of the Creditors’ Rights/Bankruptcy Practice Group. With more than 36 years of experience, Lee advises clients in ways to resolve a variety of complex business disputes in court, arbitration and negotiation, including workouts, commercial foreclosures and trials. Lee primarily represents financial institutions in real estate and banking litigation, among other industries. He represents numerous multi-state lenders and special servicers and has handled multi-million dollar commercial foreclosures. These cases often involve receiverships and rent sequestrations. Lee has also appeared before the United States Supreme Court.