Share

Thomas Salerno Quoted on the Next Wave of Bankruptcies in The Economist

In the News
05.20.2020

Partner Thomas Salerno provided insight into the challenges businesses face as a result of the COVID-19 pandemic and the rise of bankruptcy filings in a recent article, "Chapter 11’s new chapter: America Inc. prepares for a wave of bankruptcies," in The Economist.

Thomas commented on the increase of investments in distressed-debt funds, aimed at assisting companies that are otherwise healthy, but struggling through the pandemic. He notes that many hedge funds and other lenders are opting for debt-for-equity exchanges in order to be in a better position once the economy recovers.

Clients turn to Thomas for his national and international experience helping private and publicly-traded companies in a broad range of industries continue operations as they negotiate restructuring plans. He has advised lenders, distressed companies, committees and asset acquirers in bankruptcies and out-of-court settlements. He also serves on Stinson's Coronavirus Task Force, where he advises on bankruptcy and restructuring matters related to COVID-19.

Attorney

Media Contact

Gretchen DeSutter
Communications Manager
612.335.1718

gretchen.desutter@stinson.com

Subscribe to Stinson's
News & Insights
Jump to Page

We use cookies on our website to improve functionality and performance, analyze website traffic and enable social media features. By continuing to use our website, you agree to our use of cookies. For more information, please see our Cookie Policy.