SURVIVING FINANCIAL DISTRESS FROM COVID-19 IN THE RESTAURANT, BAR, AND SERVICE INDUSTRY
BN Lawyers
MARCH 23, 2020
You should consider the expenses for furloughed employees against the good-will that may accrue for keeping them on staff. Low Priority: Unsecured Lenders and other Creditors. Unsecured lenders should generally be willing to defer payments. Drawing on secured credit facilities is less of a winning proposition.
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