Bankruptcy & Creditor’s Rights
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
Considering COVID in Valuing Real Estate in Chapter 11 Cases
Posted in Bankruptcy & Creditor's Rights, Stark News
Timothy Duggan, Chair of Stark & Stark’s Bankruptcy & Creditors’ Rights Group, authored the article “Cramdown Litigation: Considering COVID in Valuing Real Estate in Chapter 11 Cases,” which was published in the New Jersey Law Journal on January 26, 2022. In this timely article, Tim discusses how the valuation of… Continue reading
What to do When Your Franchisee Files for Bankruptcy
Posted in Bankruptcy & Creditor's Rights, Franchise
With the economic downturn caused by COVID-19, many expected a tidal wave of commercial bankruptcy filings. After an initial spike of retail bankruptcy cases at the outset of the pandemic, the onslaught of bankruptcy has not yet materialized. Whether due to PPP loans, other available credit, modification and forbearance agreements,… 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
Old Country Buffet’s Parent, Fresh Acquisitions, Files for Chapter 11 Bankruptcy in Northern District of Texas
Posted in Bankruptcy & Creditor's Rights
Old Country Buffet’s parent corporation, Fresh Acquisitions, LLC, filed for Chapter 11 bankruptcy protection on Tuesday, April 20, 2021, in the Northern District of Texas, docket # 21-30721. The San Antonio-based company operates six (6) restaurant chains in 27 states – Ryan’s, Old Country Buffet, Tahoe Joe’s Famous Steakhouse, Fire… 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
Hair Cuttery Enters Chapter 11 Bankruptcy – Seeks to Trim 49 Locations
Posted in Bankruptcy & Creditor's Rights
Government orders directing the shut-down of non-essential retailers, as a result of COVID-19, have forced another retail chain into bankruptcy. Creative Hairdressers, Inc. (“Creative”), the parent of Hair Cuttery, filed for Chapter 11 relief yesterday in the bankruptcy court for the District of Maryland. According to its first day filings,… Continue reading
COVID-19 Forces Modell’s to “Mothball” Chapter 11 Efforts
Posted in Bankruptcy & Creditor's Rights
In an ironic bankruptcy twist, the COVID-19 outbreak is thwarting Modell’s Sporting Goods’ ability to liquidate. Modell’s filed its bankruptcy case on March 11th and announced that it was closing all 134 of its stores. The chain was founded by Morris A. Modell in 1889, with a single store on… Continue reading
