THE CORONAVIRUS AND ITS LIKELY IMPACT ON THE BANKRUPTCY WORLD: EIGHT PREDICTIONS FROM TWO RESTRUCTURING PROFESSIONALS A STATE BAR OF NEVADA VIRTUAL TOWN HALL PRESENTED BY THE BANKRUPTCY LAW SECTION Moderator: • James Patrick Shea, Chair, Bankruptcy Law Section Panelists: • Thomas J. Salerno, Stinson, LLP, Phoenix • G. Neil Elsey, Avion Holdings, Scottsdale • Connor Shea, Secretary, Bankruptcy Law Section
QUESTIONS To submit questions, click the Q&A button and type your question into the text box. Or, click the “raise hand” button. You will be unmuted and can speak verbally to the presenters. Phone-only users can raise their hand by entering *9.
" THE CORONAVIRUS AND IT'S LIKELY IMPACT ON THE BANKRUPTCY WORLD: 8 PREDICTIONS FROM TWO RESTRUCTURING PROFESSIONALS "? HTTPS://ABI-ORG.S3.AMAZONAWS.COM/NEWSROOM/ THE_CORONAVIRUS_AND_ITS_LIKELY_IMPACT_ON_THE_ BANKRUPTCY_WORLD.PDF March 11, 2020
PREDICTION ONE: INCREASED FILINGS ARE A‘ COMIN!
PREDICTION TWO: CREDIT WILL TIGHTEN!
PREDICTION THREE: "GOD IS TO BLAME!“ — FORCE MAJEURE DEFENSES WILL PROLIFERATE!
PREDICTION FOUR: BANKRUPTCY COURTS WILL GIVE DEBTORS MORE SLACK!
PREDICTION FIVE: "THIS AIN'T YOUR GRANDPARENTS' BANKRUPTCY COURT." Court administrative processes have materially changed!
PREDICTION SIX: "KEEP YOUR POWDER DRY, WARREN BUFFET!" The vulture investors are circling!
PREDICTION SEVEN: VALUES WILL PLUMMET! See Prediction Six, above!
PREDICTION EIGHT: BUILDING BENCH DEPTH! Law firms gearing up for wave of filings.
POINTS RE: NEVADA PRACTICE BY CONNOR SHEA
NEW PREDICTIONS: 1. Treasury Guidelines loosen up 2. Increase In bankruptcy boutiques 3. Sales of pants/dress shoes plummet!
QUESTIONS To submit questions, click the Q&A button and type your question into the text box. Or, click the “raise hand” button. You will be unmuted and can speak verbally to the presenters. Phone-only users can raise their hand by entering *9.
THANK YOU! DOWNLOAD MEETING RECORDING AT: www.nvbar.org > Member Services > State Bar Sections > Bankruptcy Law Section
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