Partner Byron Moldo Discusses the Financial Fallout of the Pandemic in the LA Business Journal's Bankruptcy Roundtable
Byron Z. Moldo, a Partner in ECJ’s Bankruptcy, Receivership and Creditors’ Rights Department, was recently featured in the Los Angeles Business Journal’s bankruptcy expert roundtable discussion offering the local and regional business community some much-needed guidance as the COVID-19 crisis rages on.
In the roundtable, Byron discusses some of the challenges facing business owners trying to keep their businesses afloat. He also includes practical tips for businesses making the critical decision of whether or not to file bankruptcy, including recommendations for a company if it is planning or considering whether or not to file bankruptcy, some bankruptcy pitfalls that businesses should avoid, and options other than bankruptcy that businesses should consider when facing financial difficulties. One key point he emphasizes is that “if a business owner waits too long before retaining expert professionals, the success of a bankruptcy case my be directly impacted. . . Retaining professionals who specialize in bankruptcy is one way to minimize the risk that unknown issues or concerns will arise.”
Click here to read the full roundtable discussion, including more of Byron's insights.