Bankruptcy Phones Ring Off the Hook; Firms Prep for Deluge (1)

The coronavirus is threatening to destroy businesses large and small -- and that’s got bankruptcy lawyers’ phones ringing off the hook.

The economic shock of the social isolation measures being taken across the U.S. to mitigate the pandemic threatens to put millions of Americans out of work and leaves companies across a range of industries wondering how they’ll make payroll.

Even as bankruptcy lawyers themselves adjust to the new routine of working from home, many are seeing a spike in business they haven’t experienced since the September 2001 terrorist attacks and the 2008 global financial crisis.

“I think that at ...