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On October 27, 2020, Riker Danzig partners Michael R. O’Donnell, Nicholas Racioppi, Jr., Joseph L. Schwartz, and Michael P. O’Mullan presented a webinar entitled "Loan Workout in the Age of COVID-19." The speakers discussed how COVID -19 is impacting loan workouts and the banking industry.
Topics included were:
- Status of COVID-19 restrictions on collection efforts and courts
- Pre-suit remedies, including loan modifications and forbearance agreements
- Foreclosure and related actions, including interim relief and duties with respect to vacant property
- Dealing with leases
- Developments in bankruptcy in the COVID-19 era.
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