It’s the second Chapter 11 bankruptcy petition (a Chapter 22) in three years for the discount, closeout home retailer, Tuesday Morning Corporation. The retailer filed for bankruptcy protection in the United States Bankruptcy Court for the Northern District of Texas on Valentine’s Day under case number 23–90001. The case is pending before the Hon. Eldon B. Mahon.
Previously, the company emerged from Chapter 11 bankruptcy in December 2020, where it shed about 200 stores. The company lists 400+ stores on its website – many expected to either be rejected or sold within this new bankruptcy proceeding.
Our Shopping Center and Retail Development Group listed them as a potential filer for bankruptcy in our January 2023 blog post on retailers to watch this year. This is the second retailer of 10 potential bankruptcy filers noted in our blog post to have filed this year.
If you have a Tuesday Morning lease in your center, Stark & Stark’s Shopping Center and Retail Development Group can help. Our bankruptcy attorneys regularly represent landlords throughout the country, including recently in the Northern District of Texas, Eastern District of Missouri, District of New Jersey, Southern District of New York, District of Delaware, District of Minnesota, and the Western and Eastern Districts of Pennsylvania regarding a variety of issues.
Our Group has been counsel to landlords and trade creditors in the Party City, Buyk, Mattress Firm, Toys “R” Us, Payless, Eastern Outfitters (EMS Part 2), EMS, Modell’s, RadioShack, General Wireless (RadioShack 2), Gander Mountain, A&P, Ascena, Stage Stores, Central Grocers, and Sports Authority chapter 11 bankruptcy cases. For more information on how Stark & Stark can assist you, don’t hesitate to get in touch with shareholders Thomas Onder at (609) 219-7458 (tonder@stark-stark.com) or Joseph Lemkin at 609-791-7022 (jlemkin@stark-stark.com).
