Davis Polk partner Damian Schaible was quoted in an article from Law360 discussing how the coronavirus (COVID-19) will affect the U.S. economy, particularly the restructuring sector. Schaible noted that in restructuring, he expects challenges will come mainly from a reluctance to fund bankruptcy plans from existing creditors, which might result in more Chapter 7 liquidations than Chapter 11 reorganizations. 

“‘Safe’ Sectors Like Schools, Real Estate May Feel COVID Pain” (March 20, 2020) (subscription required)

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