Thomas J. Salerno Quoted on Rise of Bankruptcies Amid COVID-19 in ABA Journal

08.07.2020

Bankruptcy and Creditors' Rights Partner Thomas J. Salerno spoke to the anticipated increase of bankruptcy matters in a post-coronavirus future in the American Bar Association's ABA Journal.

“The deluge hasn’t started. You see scattered showers right now,” Tom said. “Banks aren’t yet overly aggressive. They don’t want their building back. Despite a few nasty letters, they are in wait-and-see mode. I expect the real storm in mid-to-late August.”

Tom went on to speak to the variety of skillsets needed in bankruptcy matters, including litigation, corporate M&A, tax, labor and environmental skills.

Clients turn to Tom 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.