Stretched and burdened by the Covid-19 pandemic, a number of trend retailers have turned to Chapter 11 chapter to handle their monetary woes. In Part 1, I mentioned firm gross sales underneath section 363 of the Bankruptcy Code, a mall landlord stepping in to rescue distressed tenants, and “Chapter 22″ filings. Immediately, I’ll deal with three current tendencies in Chapter 11 trend retailer liquidations and reorganizations.
Prior to now 12 months, some well-known clothes retailers used Chapter 11 to shutter all of their bodily areas, however bought their mental property, permitting model names to outlive on-line. Different trend corporations have managed…
