Widespread financial distress brought on by the COVID-19 crisis has pushed some organizations to the breaking point. Insolvency lawyers David Bish and Kyle Kashuba discuss how this current financial crisis is different from the 2008 recession, what principal challenges companies are facing, and what management can do to ease the pressure. As businesses scramble for liquidity, David and Kyle share their unique insights into the lenders’ perspective, the sectors which have been hardest hit, and how organizations will be able to survive—and even find opportunity—in the current climate.
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https://www.torys.com/insights/publications/torys-business-brief/2020/06/the-art-of-fixing-broken-businesses