During this difficult time, our thoughts are for the health and safety of our employees, their families, friends, and our clients. Not only has the coronavirus impacted our health and safety, it has also adversely impacted our economy. Particularly hard hit are the hospitality and retail sectors which are facing the worst crisis since the September 11, 2001 terrorist attacks. Restaurants, hotels, and other retail establishments in the New York/New Jersey metro area are closed until the pandemic is under control, and while many will be able to reopen, many will have difficulty in recovering.
RLT understands that the “new normal” for businesses moving forward will be anything but normal. Even with the promise of help from the federal and state governments, restaurants, bars, hotels, and other retail establishments will face many obstacles in recovering. We are here to help businesses whose economic outlook is uncertain as well as those facing a more serious risk of permanent closure.
With one of New Jersey’s most sophisticated debt restructuring/insolvency legal practices, our attorneys have significant experience in assisting mid and small-sized businesses navigate their way through difficult economic times. Our attorneys have represented parties on all sides of debt restructuring matters in numerous industries, including hospitality and retail. We have successfully assisted clients in restructuring secured and unsecured debt, both in and out of court. We work closely with clients to understand their business in order for us to be able to help business owners maintain business viability. This includes restructuring debt, handling landlord-tenant matters, dealing with utility issues, and litigating business disputes.
Finally, please be aware that Allied Beverage Group, LLC, the New Jersey Restaurant Educational Foundation (NJREF) and New Jersey Restaurant & Hospitality Association (NJRHA) have partnered to create The Beverage and Food Employee Crisis Support Fund (BFECS) to help displaced hospitality workers. Industry leaders and the general public are encouraged to donate on the fund’s website: www.njrha.org or at https://www.gofundme.com/f/beverage-and-food-employee-crisis-support-fund.
If you have any questions regarding this matter, please do not hesitate to contact any of our attorneys at (973) 597-9100.
