Quino Martinez Comments on Retailers, Landlords and Lawsuits Amid COVID-19
- June 2, 2020
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Shareholder Joaquin "Quino" Martinez was quoted in an article in Orlando Business Journal discussing the reasons that landlords are taking legal action against retail businesses who have missed rental payments as a result of the COVID-19 pandemic. He explained that a landlord must consider how a tenant's financial situation may impact its own mortgage.
"As economic losses continue to mount, we will likely see more landlords taking legal action against tenants and, in some cases, this is going to lead to Chapter 7 and 11 bankruptcies," Martinez said.
Read the article: Lawsuits Pile Up for I-Drive Businesses (Subscription required)