As a business debt lawyer in New York City, Jocelyn Nager has seen an increase in not only the amount of money her clients are owed since the pandemic began, but also the sometimes-ruinous consequences that stem from not being able to collect it.
“They have become debtors themselves in many instances,” says Nager, president of Frank, Frank, Goldstein & Nager. “Suppliers are being hit very, very hard right now.”
As COVID-19 continues to cripple the economy, Nager foresees more dire straits on the horizon.
