Bankruptcy Protection For Trade Creditors and Vendors

Instead of having the uncertainty of when and how much they are going to be paid, many vendors simply want their goods returned. In the bankruptcy context, this is referred to as reclamation. While not an ideal solution, it avoids having to file a proof of claim and waiting for payment from the (read on...)

Creditor Exposure in Retail Bankruptcies

Rejection of Leases Bankruptcy Code 365 provides that subject to court approval, the debtor may assume or reject any executory contract or unexpired lease. This gives the debtor the power to pick and choose amongst their executory contracts and leases. In the retail context, this allows the (read on...)