Surviving the Retail Meltdown
In the current economic slowdown, many national and regional retail chains have resorted to the bankruptcy courts. Recent examples within the past several months include Circuit City, Ritz Camera Centers, S&K Famous Brands, Mervyn's, Linens 'n Things, Goody's Family Clothing, National Dry Cleaners, Shoe Pavilion, Sharper Image and Whitehall Jewelers. In the current cycle, very few retailers have successfully reorganized in Chapter 11; liquidations seem to have become the norm. This presentation will survey the current landscape of retail Chapter 11 cases and discuss strategies for landlords, vendors, banks and others to protect their rights and maximize outcomes in a difficult environment. We will also review and discuss the ongoing debate over the impact of the 2005 Bankruptcy Code amendments on the ability of retailers to reorganize, and possible legislative responses.
- Presenting
- Frank Perch, Of Counsel, Hunter Maclean Exley & Dunn, P.C.
- Channel
- Bankruptcy and Restructuring Law
- Date
- Mar 26 2009
- Duration
- 2737
- Tags
- Bankruptcy Law Summit
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