Businesses in a wide range of industries may now be forced to consider bankruptcy given the unprecedented economic challenges caused by the COVID-19 pandemic. This advisory is designed to provide a high-level view of issues to be considered by human resources when considering filing for Chapter 11 bankruptcy. Please note that this advisory focuses specifically on a Chapter 11 bankruptcy (pursuant to which a business will be reorganized) rather than Chapter 7 bankruptcy (pursuant to which a business will be liquidated).
USA, Employment & Labor, Insolvency & Restructuring, Litigation, Mintz, Coronavirus, Equal Employment Opportunity Commission (USA), National Labor Relations Board (USA), Title 11 of the US Code