Photo: Fizkes/Shutterstock Virtual ADR Becomes a Practical Option for Corporate Bankruptcies
Fortunately for companies that file for Chapter 11, bankruptcy courts are embracing virtual alternative dispute resolution processes to handle cases during this extraordinary period. Engaging in online mediation, and arbitration, can expedite Chapter 11 cases toward an equitable conclusion, while ensuring social-distancing.
October 20, 2020 at 10:05 AM
6 minute read
The COVID-19 pandemic has had a devastating impact on businesses across the country. Big names from a variety of industries—including Hertz, GNC, Whiting Petroleum, Gold's Gym, J.C. Penney, Neiman Marcus, Lord & Taylor, 24 Hour Fitness, Brooks Brothers, Lucky Brand, California Pizza Kitchen, Men's Warehouse, Chuck E. Cheese, and PQ New York—made headlines with Chapter 11 bankruptcy filings in the wake of the lockdown.
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