Avoid a Tsunami of Business Bankruptcies

by D. Lamar Hawkins and J. Phillip Glasscock

Recent bankruptcy announcements from Neiman Marcus, Garden Fresh Restaurants and J.C. Penney are the beginning of a cresting tidal wave. The retail and restaurant industries have been devastated by the COVID-19 pandemic and related quarantine orders, with many other businesses on the brink of bankruptcy. However, bankruptcy isn’t always necessary, even when a business is in … [More]