
Professor Brook Gotberg and Vanderbilt Law Professor Paige Marta Skiba recently wrote an article for The Conversation, “What do struggling small businesses need most? Time – and bankruptcy can provide it.” They address the challenges small businesses are facing during the pandemic and suggest one way that they can survive: “What these businesses need most right now is time – breathing space that temporarily freezes expenses while letting them continue to operate and figure out a plan to keep going. In many cases, that means declaring bankruptcy.”