News & Insights

Stay up-to-date about the latest developments in bankruptcy, commercial litigation and business transaction law, as well as news involving The Dragich Law Firm.

Signs of Distress: Key Legal and Operational Issues for Auto Suppliers During the COVID-19 Economic Downturn

In late March, most automotive suppliers, in Michigan, across the country, and around the world, halted operations as automotive manufacturers closed plants in response to the COVID-19 pandemic. Auto  

David Dragich Article on Alternatives to Chapter 11 Featured on

The COVID-19 pandemic has wrought havoc on the economy, and the worst is yet to come. There has been a marked increase in Chapter 11 bankruptcy filings across a number of sectors, with retail and  

Restructuring Options for Michigan Oil and Gas Companies

Somewhat lost amid the flood of news about the COVID-19 health crisis, and even discussions of the economic downturn more generally, is the fact that oil prices have recently plummeted below $20 per  

Webinar Replay of “COVID-19: Preparing Your Business for the Downturn” Featuring David Dragich and Gene Kohut

On March 25, David Dragich of The Dragich Law Firm and Gene Kohut of Conway MacKenzie, part of Riveron, hosted a webinar in which they discussed the immediate steps businesses should take to prepare  

Complimentary Webinar: COVID-19—Preparing Your Business for the Downturn

The COVID-19 crisis is wreaking havoc on the economy. It's no longer a question of if there will be a global recession, but rather how deep and lasting it will be. Businesses, large and small, must  

Businesses Need to Prepare for the COVID-19 Downturn

At the time of this writing, there have been more than 200,000 confirmed cases of COVID-19 around the world. Governments are implementing lockdown procedures. Businesses are reeling. A global  

Does the Coronavirus Excuse a Breach of Contract?

When developing contract documents that all seem relatively standard, businesses may be inclined to pay little attention to those sections that are “just boilerplate.” Many assume that  

Can a State Court-Appointed Receiver Act Across Different Jurisdictions?

A state court receivership can be a viable and effective alternative to a federal bankruptcy proceeding which often costs more, takes longer, and involves more oversight than a receivership. However,  

Retail Bankruptcy Issues in 2020: What You Need to Know

It’s a new year, the time of fresh starts and big dreams, but the “retailpocalypse” doesn’t seem to have taken notice. Earlier this week, Pier 1 Imports announced plans to close up to 450  

The ABCs of an Assignment for the Benefit of Creditors

Companies experiencing financial distress have a number of options available to them. If a business has the potential to continue as a going-concern despite a heavy debt load, reorganizing or