Diorio Law

DiOrio Featured in Lawyers Weekly Article on Bankruptcy Trends during COVID

Joe DiOrio was recently interviewed as part of an August Rhode Island Lawyers Weekly article entitled “Businesses face crossroad as PPP funds, moratoriums end” in which Rhode Island bankruptcy and restructuring attorneys weighed in on COVID-related business trends.

“I don’t have a crystal ball, but I do foresee that there will be an increase in small- to mid-sized business bankruptcies and potentially receiverships, ” said Joe DiOrio.

He also commented on the  new  Subchapter V of Chaper 11 of the Bankruptcy Code: ” There are two advantages under Subchapter V: less cost and the ability to impose a plan over the objection of a creditor, assuming certain criteria are met. ”

See the full article in Rhode Island Lawyers Weekly.

To learn more, contact Joe DiOrio.