Surviving the Pandemic: Stress and Distress in the Hospitality Industry
By Richard J. Bernard, Partner & Thomas C. Scannell, Senior Counsel, Foley & Lardner LLP
The coronavirus outbreak has impacted the hospitality industry disproportionally more than other industries. For many companies, revenues have fallen off the cliff. Further, the uncertainty and likely overhang of disruption caused by pandemic in the hospitality industry will continue for the...
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Thomas C. Scannell is a senior counsel with Foley & Lardner LLP in Dallas. A member of the firm’s Financial Restructuring and Reorganization Practice, he primarily focuses on the restructuring of companies in and out of bankruptcy, debtors' and creditors' rights, and debtor-in-possession financers. Scannell also counsels clients on out-of-court workouts, turnarounds, and the acquisition and sale of distressed assets.
Richard J. Bernard is a partner with Foley & Lardner LLP in New York. A member of the firm’s Bankruptcy & Business Reorganizations Practice, he concentrates his practice on corporate and financial restructuring, business solutions, bankruptcy litigation, secured transactions, corporate governance, mergers/acquisitions, and debtors’/creditors’ rights. His experience spans numerous industries, including energy, mining, aviation, retail, manufacturing, telecommunications, financial services, heavy industry, real estate, and hospitality.
