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by _red 2280 days ago
Yes, brother works as corporate lawyer. Their office is overflowing with bankruptcy cases...including the very law firm he works for.

Something thats flown under the radar of this is the new “Families First Coronavirus Response Act” which provides 12 weeks of “paid leave for those affected by Covid 19”.

Most (90%) companies will be bankrupt by week 3 or 4, therefore most are now contemplating just declaring bankruptcy now to avoid any further bleed.

It’s easy to write laws such as this, but where does the money for this 12-weeks come from?

1 comments

> Their office is overflowing with bankruptcy cases...including the very law firm he works for.

I don't understand this. Why would they file for bankruptcy if their office is overflowing with cases?

because (a) what happens after this single rush of cases, and (b) are the clients they are doing work for going to stiff them