Joe Pack of Pack Law. Courtesy photo Loan It to Own It: Quick Chapter 11 Helps LED-Wristband Maker Get Back on Track
Quick reorganization traditionally used for large companies can now help small to midsize businesses in the pandemic.
February 16, 2021 at 12:55 PM
5 minute read
With live, public concerts and events taking a hit in the pandemic and uncertainty as to when they will resume in pre-pandemic numbers, the recent Chapter 11 filing by lighted wristband maker Hurdl represents the tip of the iceberg in the sector's grim future. However, the approach to handling its Chapter 11 filing—a fast-tracked, prepackaged case to effectuate a quick reorganization exclusively used for large companies—provides a silver lining in the form of a powerful blueprint that can be replicated to put small to midsize businesses on a direct path to success.
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