08.01.2020

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General News

John Penn was quoted in “Law Firms Are Staffing Up on Bankruptcy Lawyers in Anticipation of a Post-COVID-19 Boom,” an article in the ABA Journal, regarding the expected increase in bankruptcy and restructuring in a post COVID-19 world.

“I’m sitting on the beach watching the water recede to the horizon,” he says. “I don’t know how fast it will come or how far inland it will go, but the tsunami is on its way.”

“We never cut our bankruptcy practice after the last recession. We have always understood there are economic swings, so we’ve maintained our expertise levels to be ready. This is not our first rodeo,” says John, who is based in Dallas. He also says his firm is strongly positioned to aid clients in the commercial mortgage-backed securities arena along with hospitals and retailers.