This article analyzes PWM Property Management LLC's bankruptcy filing in the U.S. Bankruptcy Court for the District of Delaware to explain the impact of the use of corporate governance.
COVID-19 meant employee furloughs, business closures, affected commercial real estate market. Social distancing, quarantining, remote work, layoffs, shifted, reduced need for corporate space, caused questions if now is good time to invest, move, downsize/upsize space for it.
I. Introduction - The economic upheaval caused by the outbreak of COVID-19 was unprecedented in the United States and abroad. Employees were furloughed, businesses were mo.
COVID-19 meant employee furloughs, business closures, affected commercial real estate market. Social distancing, quarantining, remote work, layoffs, shifted, reduced need for corporate space, caused questions if now is good time to invest, move, downsize/upsize space for it.
In re PWM Property Management LLC, the Delaware bankruptcy court denied a motion by creditors and interest holders to file a proposed plan of reorganization as an exhibit to their opposition to the debtors’ motion to extend the exclusivity period.