Most people thinking about Chapter 11 bankruptcy logically focus upon business reorganization. In fact, that is what Chapter 11 is centrally about, which arguably makes it at once the most singular and complex of all bankruptcy types. That word “complex” is a...
Toys 'R Us. Sears. David's Bridal. Bon-Ton. Radio Shack. This is but small group of scores of major American retailers that have filed for Chapter 11 commercial bankruptcy recently or are reportedly considering that restructuring move. Such a decision generally...
If you’ve never been remotely involved with a wedding in any capacity in New York or elsewhere, there’s a chance that David’s Bridal won’t assume much – if any – significance for you. If, conversely, your connection to that special...
Pedigree is obviously an attractive attribute in business, but it must be accompanied by profitability. Although Sears has stood strong on that one anchor for far longer than a century, the iconic retailing giant has failed to deliver on the bottom line in recent...
Tales of the storied but troubled toy retailer Toys "R" Us' demise might prove to be premature and ultimately unfounded. The once-venerable business that filed for Chapter 11 bankruptcy liquidation last year and was widely expected to be completely shut down might...
The ax falls again. Chapter 11 bankruptcy filings for large and well-known commercial players seem to be decidedly on the upswing these days. That is especially notable in the retail sector and involving enterprises with long-established presences in malls and...
We have stressed in select blog posts at the commercial New York law firm of R3M Law, LLP that careful deliberation is imperative prior to any decision being made concerning a Chapter 11 bankruptcy filing. Here's why. Commercial bankruptcy - especially as a potential...
If you’re an experienced New York business owner, you know that complexity marks commercial activity in virtually every aspect. Few things in the business sphere are unnuanced and simple, whether they relate to company formation, financing, dispute resolution or...
"Somebody had to go," says a grocery industry analyst. That entity turned out to be long-time supermarket chain Tops Friendly Markets, which operates scores of stores in New York and adjoining states. Tops, which is headquartered near Buffalo, opened its first store...
A national article pointing to a mass retailer's current financial challenges notes a collective nemesis that is sorely testing mall-based fixtures across the country. Its authors spotlight "digital competition, nimble physical competitors and smartphone shopping" for...
