While many financial restructurings or bankruptcies have some amount of routine and similar issues, there are always issues that are unique to the specific industry involved. Many of the debt restructurings or court disputes are impacted by concerns that are important within that industry. With our many years of experience across multiple types of cases, the attorneys and paralegals at DLG strive to proactively consider the risks and politics involved on an industry by industry basis, as these can greatly affect results and decisions. We encourage our clients to educate us about their industry specifics, because only with our clients’ unique knowledge of their own industries can we help them reach fully informed decisions.
Whether you’re selling new and used cars and trucks, boats or manufactured homes, there are some common issues that arise when a dealership encounters financial distress.
Even the Horse Capital of the World is not resistant to the economic downturn faced in the past few years. While the equine industry has always been a business filled with risks, those risks have mounted.
While many financial restructurings or bankruptcies have some routine and similar issues, there are likewise issues which are unique to the specific industry involved. The agricultural sector is no different.
While historically the healthcare industry has been resistant to financial crises, the impact of the current economic recession has critical implications for all involved in the healthcare industry including hospitals, clinics, nonprofits, physicians, and patients. With the economic downturn comes a shift in patient mentality as patients forgo or delay elective procedures.
Manufacturing companies continue to face several financial challenges, including competition, the rising cost of raw materials, and slower growth rates of orders and labor demand. Against this background, many manufacturers have lowered production levels or shifted production overseas.
Kentucky is located in the heart of the Central Appalachian coal country. Being located in one of the nation’s top producing coal states, the coal industry is well known as one of the Commonwealth’s top industries.
Kentucky has a significant presence in the oil and gas industry. The right to remove oil and gas from the earth’s surface is granted under an oil and gas lease. At one time, natural gas was deemed to be an undesirable by-product of oil extraction. It is now a valuable resource that is easily transported via interstate pipelines. It is currently a cost effective energy alternative.
Residential and commercial real estate have been some of the hardest hit areas of our economy in the last three to four years. Builders have had difficulty obtaining loan extensions or modifications to have more time for sales to occur and financing for new construction seems like a myth from the past.
Like most other industries, the restaurant industry has felt the impact of the current economic recession. As many customers have experienced a decline in disposable income or a heightened concern for living on a budget, people who used to go out to eat a few times per week have scaled back to save money, and venture to the grocery store more often to purchase food to prepare meals at home.
If anything is certain in the recent economic environment, it is that the retail industry feels the pain of a slow economy as much as, if not more than, any industry. High unemployment and low consumer confidence mean low revenues and tighter margins for retailers.
Unpredictable fuel prices have taken a toll on virtually every aspect of the American economy. Perhaps one of the most widely-affected industries is the over-the-road trucking industry, which has been faced with increased operational costs due to growing fuel prices, as well as decreased revenue associated with a lower demand for goods that are typically shipped from manufacturer to merchant.