The economic turmoil brought by the COVID-19 pandemic has given rise to a wave of distressed companies. Because of today’s chaotic economic landscape, these distressed companies need to be more well-versed in dealing with their debts and obligations. With the unprecedented challenges of managing distressed debts in the backdrop, both lenders and creditors will need to explore available options such as restructurings and workouts with increased prudence. A thorough understanding of how to implement restructurings and workouts can help businesses amplify their chances of a successful loan renegotiation. Businesses should also continuously reassess their financial status and keep their communication with their lenders open. In this CLE Webcast, bankruptcy and restructuring experts Kirk B. Burkley (Bernstein-Burkley, P.C.) and Mark Podgainy (Getzler Henrich & Associates LLC) will provide a practical guide on how companies can navigate the various issues surrounding distressed debt, restructurings, and workouts. Speakers will also present tactics that can be utilized to manage and avoid risks in the workout process. Key topics include: Distressed Debts and COVID-19 Recent Updates and Developments Restructurings and Workouts: Challenges and Opportunities Risk Management Best Practices Field of Study: Business Law