According to the South Florida Business Journal, local bankruptcy attorneys agree that an avalanche of bankruptcy filings will occur as a result of the novel coronavirus pandemic. Because of the recently passed CARES Act, which pledges millions in relief to small businesses through SBA loans, the claims will be stalled for two to three months.
Michelle Hendler, a Creditors’ Rights & Bankruptcy partner in the firm’s Miami office, describes how the Small Business Reorganization Act has changed the definition of a small business and could ultimately give businesses a better chance at surviving bankruptcy and retaining control of operations.
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About Michelle Hendler
Michelle G. Hendler is a Partner in the Miami office, where she is a member of the Creditors’ Rights Practice Group. In working to resolve disputes in and outside of the courtroom, Michelle focuses her practice on real estate and creditor’s rights matters. She represents lenders, real estate investors, and special servicers in commercial foreclosures, loan enforcement actions, guaranty claims, and note sales, and she represents court-appointed receivers.