Broward lawyer Michael Lessne believes a recent case foreshadows a coming wave of litigation. He represented the trustee, Maria Yip, in a complicated bankruptcy case involving a Fort Lauderdale restaurant. And he expects similar disputes to erupt from the South Florida economy in the coming months.
Due to the crippling effect that the coronavirus and the stay-at-home orders had on the South Florida economy, foreclosures and evictions are expected to flood the court system after the moratorium expiration, severely crippling bank financial performance due to bad loans, and having a domino effect on larger clients who may have difficulty accessing financial capital.
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