The building and construction industry in New Jersey has experienced significant project delays as a result of the COVID-19 pandemic, and many developers are discovering they need to change the way they run their businesses. Some are beginning to feel the financial pinch while others are seeing delays with their vendors. In a time when the future is so unknown, it helps to be aware of all of your options.
The panel's combined legal experience in the area of reorganization and financial restructuring of businesses has helped many companies navigate economic downturns and stay afloat, and in some cases, reorganize. The presenters have also been analyzing the impacts that existing, new and proposed laws will have on the building and construction industry during this uncertain and unprecedented time.
This seminar will cover:
- Steps for Business Pandemic Resiliency Planning
- Putting actions in place with proper internal and external team
- Cost cutting and raising capital
- Potential of company failure
- Workout options with creditors short of bankruptcy
- Chapter 11, Chapter 7, and Subchapter V bankruptcy
- Dissolution Options
- Creditor Rights: Update on Mechanics Lien law/strategy
- CARES Act and other relief that is available to companies right now
Moderator:
Harry J. Giacometti, Shareholder and Department Chair, Bankruptcy, Financial Restructuring & Risk Management Practice
Panelists:
William J. Burnett, Shareholder, Bankruptcy, Financial Restructuring & Risk Management Practice
Douglas S. Stanger, Shareholder, Bankruptcy, Financial Restructuring & Risk Management Practice
Damien N. Tancredi, Shareholder, Bankruptcy, Financial Restructuring & Risk Management Practice
Date & Time:
Wednesday June 10, 2020
10:00 AM - 11:00 AM
Cost:
This event is FREE for NJBA members!
Non-member fee: $25
Pre-registration is required. All registered participants will receive an email prior to the seminar with access information. All participants must register separately using the link above.
