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Category Archives: Bankruptcy

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Off-Price Retail Therapy for Landlords: New Opportunity in the Age of Millennials

Posted in Bankruptcy, Landlords, Retail, Retail Sales, Tenant

On March 2nd, after much media speculation, Sports Authority commenced a case under chapter 11 of the United States Bankruptcy Code. In its initial bankruptcy filings, the company’s CFO announced that it will close up to 200 of its 464 stores over the course of the bankruptcy case. Sports Authority has already commenced liquidation sales… Continue Reading

Recent Decisions Potentially Expand Scope of Landlords’ Bankruptcy Claims Beyond the Rent Cap

Posted in Bankruptcy, Landlords, Leasing, Tenant

When a tenant files for bankruptcy and rejects its lease, the Bankruptcy Code limits a landlord’s rejection claim to the amount of any unpaid rent and rent-related charges accrued prior to the tenant’s bankruptcy plus future rent and rent-related charges (e.g., common area maintenance charges, real estate taxes) reserved under the lease (without acceleration) for… Continue Reading

Buying Brands Out of Bankruptcy

Posted in Bankruptcy

In the wake of the economic downturn that began in 2008, several of America’s best-known brands have filed for bankruptcy protection. Click here for a slideshow presenting 15 household names that invoked the protections available in bankruptcy court during the downturn. Continuing economic uncertainty may cause more famous brands to seek bankruptcy protection, opening up… Continue Reading