Last year I published an article about “COVID-19’s Impact on Chapter 11 Cases”, suggesting its impact for debtors, secured lenders, unsecured creditors, and equity interest holders may be to turn the Chapter 11 process into true reorganizations of companies, rather than mostly asset sales of the Debtor’s assets as has been the situation for many years.

This question — how the Coronavirus will impact Chapter 11 cases going forward — is still to be determined, but this author believes it may turn the Chapter 11 process into what it was originally intended to be, a reorganization.