Author: Thomas S. Onder
Top 10 Retailers to Watch for Possible Bankruptcy Filing in 2022
Posted in Bankruptcy & Creditor's Rights
The last half of 2021 was virtually a ghost town for filing retail bankruptcies. However, the rise of the Omicron variant has significantly delayed a full return to normal for shopping centers. The good news is that the vaccines work, people are cautiously resuming activities, and the economy is running… Continue reading
The Road Ahead – Four (4) “Mile Markers” to Watch in the Year Ahead
Posted in Bankruptcy & Creditor's Rights, Commercial, Retail & Industrial Real Estate
The road for the last year and a half has been bumpy, to say the least. The Pandemic, the election, and the supply chain have been challenging. Yet, despite these challenges, the shopping center industry continues to grow. Demand for retail space is surging back to pre-Pandemic levels. Tenants have… Continue reading
20 Retailers to Watch for a Bankruptcy Filing in the First Half of 2021
Posted in Bankruptcy & Creditor's Rights
The global pandemic has upended retail across the country. In most cases landlords and tenants are working together to get through this adversity. Although vaccines are expected before the end of the year, the distribution will not likely be available to everyone until at least mid-2021. As such, the retail… Continue reading
Youfit Health Clubs Files for Chapter 11 Bankruptcy in Delaware
Posted in Bankruptcy & Creditor's Rights
Youfit Health Clubs filed for Chapter 11 bankruptcy this morning in the District of Delaware, docket #20-12853 MFW. The club with more than 80 locations in Alabama, Arizona, Florida, Georgia, Louisiana, Maryland, Pennsylvania, Rhode Island, Texas and Virginia, follows in the footsteps of other health clubs that have filed for… Continue reading
20 Retailers to Watch for a Bankruptcy Filing in the Second Half of 2020
Posted in Bankruptcy & Creditor's Rights
The unprecedented global pandemic has created a limbo for most retail tenants, and in some cases, left landlords without payment of rents. Further, some states have placed moratoriums on eviction actions, allowing tenant to stay and not pay. However, as states begin to open back up for business there appears… Continue reading
Earth Fare Files for Liquidating Chapter 11 Bankruptcy
Posted in Bankruptcy & Creditor's Rights
Earth Fare, Inc., the 45-year old natural and organic grocery chain, filed for Chapter 11 bankruptcy on Tuesday in Delaware under docket number 20-10256. The Debtor operates more than 53 grocery stores throughout the Southeast, mid-Atlantic and Midwest. The company is privately held and backed by private equity firms Oak… Continue reading
Sears Continues to File Hundreds of Preference Suits Against Trade Creditors
Posted in Bankruptcy & Creditor's Rights
The lawsuits just keep coming… last week, Chapter 11 Debtor, Sears Holdings Corporation (“Sears”) continued to file hundreds of preference complaints to recover money from paid pre-petition creditors. The Debtor filed a mass of suits back in November 2019. For most creditors, it makes no sense that they receive a… Continue reading
Landlord’s Beware: Fair Debt Collection Practices Act Applies to Eviction Actions
Posted in Bankruptcy & Creditor's Rights
Recently, the Appellate Division of the State of New Jersey in Hodges v. Feinstein, Raiss, Kelin & Booker, LLC declared that law firms that regularly file summary dispossess action (aka “evictions”) for non-payment of rent are subject to the Fair Debt Collection Practices Act (“FDCPA”). Additionally, the Appellate Division held residential evictions for failure to pay rent must now be made by verified complaint. Continue reading
Livestock and Breeding Animal Warranties
Posted in Litigation
Successfully defended Michigan based alpaca breeder in breach of contract claim. Continue reading