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The Bankruptcy StrategistFeaturesBankruptcyDispute ResolutionLitigation

Bankruptcy Courts Embracing Virtual ADR

By Jeffrey T. Zaino 
December 01, 2020

The COVID-19 pandemic has had a devastating impact on businesses across the country. Big names from a variety of industries — including Hertz, GNC, Whiting Petroleum, Gold's Gym, J.C. Penney, Neiman Marcus, Lord & Taylor, 24 Hour Fitness, Brooks Brothers, Lucky Brand, California Pizza Kitchen, Men's Warehouse, Chuck E. Cheese, and PQ New York — made headlines with Chapter 11 bankruptcy filings in the wake of the lockdown.

During the first half of 2020, Chapter 11 bankruptcy filings increased by 26% over the year-prior period, according to Epiq, and a full economic and social recovery remains a long way off.

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