COVID-19 has put a significant strain on many businesses. In addition to our other recent related materials, we wanted to share some information on options for businesses struggling as a result of the current economic climate. The materials included here (prepared by Neil Kothari, with the assistance of Ian Ness and Karim Lalani) help outline insolvency proceedings and creditor rights during these challenging times:
— Disclaimer: These materials are not intended as legal advice. It is also impossible to cover all relevant details, and available rights and remedies will depend on the unique facts of each situation. For specific advice, please speak with your qualified legal counsel before making any decisions or taking any action. Additionally, the situation is extremely fluid and is changing on a daily basis. As things evolve, your best course of action could also evolve so please follow up-to-date and reliable sources for your information.