Knowing many companies are concerned about the impact the coronavirus shutdown will have on Valley businesses, Phoenix Business Journal turned to Lamar Hawkins for advice for commercial landlords and tenants.
Lamar, who chairs the Arizona Board of Legal Specialization’s Bankruptcy Law Advisory, Commission, counseled tenants to prepare for the worst and consider filing for bankruptcy early to avoid being part of the overwhelming number of companies that will file in the coming weeks and months. He also recommended landlords be flexible with tenants because it may be difficult to replace them.
One of the leading voices in Arizona regarding bankruptcy law, Lamar focuses on all phases of commercial and consumer debt workout and bankruptcy services including Chapter 11 reorganization, Chapter 7 liquidation, financial workout negotiation, creditors’ rights, and bankruptcy-related tax issues.