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Coronavirus Impact

For nearly a decade, the U.S. economy has been positive with sustained growth, loan defaults were minimized, and special assets groups have shrunk. However, this has all changed with the COVID-19 outbreak. Hear from our speakers about what to expect when you were not expecting COVID-19, especially as economists anticipate large numbers of loans will go into default in the coming weeks and months.

Although the federal government has attempted to minimize such defaults through the CARES Act, loan defaults will become much more common, as the restrictions on businesses continue through April, May and beyond. Given this expectation of where the economy is going, it is imperative that both borrowers and lenders are aware of how to best deal with the reality of a struggling economy. Part of this consideration must account for lessons we learned from the 2008 recession, both good and bad.
As part of a series of webinars to be presented by Barnes & Thornburg’s Finance, Insolvency and Restructuring attorneys, this session is designed primarily for executives, managers, non-legal personnel, inside counsel, and other professionals.

Topics as we count down the top 10 will include:

  • Negotiating with borrowers and lenders
  • Amendments and modifications
  • Forbearances
  • Pre-bankruptcy workouts
  • Foreclosures and other remedies
  • Bankruptcy considerations

Questions? Contact Courtney Brown at cbrown@btlaw.com or 317-231-7312. 

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