Retail Industry Bankruptcy Resource Kit

Summary

This resource kit provides an overview of important topics for attorneys representing parties in a Chapter 11 retail bankruptcy case. In recent years, retailers often face increased competition from online competitors, are stuck in long term leases, and are without sufficient cash flow to meet these challenges. This has led to an increase in the filing of Chapter 11 retail bankruptcies. Some retailers successfully reorganize and emerge from Chapter 11 while other retailers end up liquidating their businesses (despite their intention to reorganize). A retailer, its financial advisors, and its counsel must evaluate the retailer's options and numerous other issues prior to a bankruptcy filing. Counsel to a retailer should help the retailer understand the Chapter 11 process and the consequences, both positive and negative, of filing a Chapter 11 bankruptcy.