Reckoning day: Lawyers ready for tidal wave of bankrupt businesses

With coronavirus relief funding and other protections coming to an end, commercial bankruptcy filings are expected to soar. Some attorneys are about to get really busy.

Courtesy. Ryan Reinert is a bankruptcy attorney at Shutts & Bowen in Tampa.
Courtesy. Ryan Reinert is a bankruptcy attorney at Shutts & Bowen in Tampa.
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The federal government’s $2 trillion coronavirus relief bill kept many people and businesses afloat over the spring and summer. But with key components — such as the Paycheck Protection Program, increased unemployment assistance and a moratorium on evictions expiring or set to expire soon, a tidal wave of foreclosures and bankruptcies looms. 

 

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