COVID-19 and the Service Industry—BarFly (Hopcat) Files for Chapter 11

Potentially more than any other sector, the food and beverage industry has been devastated by the social, physical, and economic side effects of the spread of COVID-19.  For roughly three months, restaurants and bars, which are dependent upon in-person service, were effectively precluded from servicing their clientele, resulting in massive declines in revenue and, for […]

Bankruptcy: Relief for the ‘Honest but Unfortunate Debtor’

J Crew. The XFL. Neiman Marcus, Hertz, and Dave & Busters are reportedly next. What do all these companies have in common? They were (or may be) forced to seek relief under the United States Bankruptcy Code because of the economic crisis caused by the spread of COVID-19.  And experts predict that this trend will […]