Bankruptcy is meant to offer breathing space to struggling companies, but it may not be enough given the unpredictable nature of the pandemic.
The bankruptcy system has always been difficult to navigate, especially for minorities and other vulnerable groups. The pandemic is making it a lot harder.
This reorganization may provide roadmaps for other nonprofits to follow if they face abuse allegations in the #MeToo era.
A bankruptcy filing always means there's not enough money to go around, but the process ensures both debtors and creditors are protected.
While critics accuse companies facing lots of lawsuits of using bankruptcy as a sort of 'get of jail free card,' the reality of the legal procedure is more complicated.
These reorganizations may provide roadmaps for other nonprofits to follow if they face abuse allegations in the #MeToo era.
A study of the three casinos Donald Trump owned in Atlantic City shows they performed far worse than their rivals, losing more jobs and revenue.