What Happened in 2020? The New Paradigm for Asset-Based Lenders in a Chapter 11 Case
March 10, 2021
To say a lot happened in 2020 doesn’t begin to capture what the year brought. In the economy, this included a significant increase in Chapter 11 filings for larger businesses from filings in 2019, particularly in retail. And for asset-based lenders it included a significant shift in their role in the larger bankruptcies. Asset based lenders faced real challenges how to best protect their position and enhance the likelihood of a successful outcome. Confronted with a landscape that requires a new map to navigate, this article looks at what happened, how it happened and, most importantly, what should (or can) the asset-based lender do about it? Read it all here.