This chapter explores the significance of corporate bankruptcy law for businesses facing economic and financial distress, highlighting the distinction between economic and financial distress and how bankruptcy provides a process to maximize recoveries for creditors and efficiently reallocate capital.
Cannabis companies can find themselves in financial distress but are generally locked out of the federal bankruptcy courts. What are their options? Perkins Coie Associate Tommy Tobin sits down with Billy Organek, program fellow at Harvard Law School’s Bankruptcy Project, to discuss the importance of bankruptcy law and options companies can seek outside of the federal bankruptcy process.