Robert Bernstein Comments on the Cost of a Quick Bankruptcy in NACM Article

Bernstein-Burkley Co-Managing Partner, Robert S. Bernstein, was featured in a National Association of Credit Management (NACM) article discussing how moving through the bankruptcy process too quickly can lead to a company returning to Chapter 11.

From the article:

“Companies and courts try to move cases along and get them out of Chapter 11 quickly,” Bernstein said. “That often results in either getting money from people who are not in for the long term because of their goals, or because of the interest rate expense, or kicking issues down the road which, if not resolved, can cause the second filing.”

To read the full article, click here, or view as PDF.

 

 

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