While things worked out for vendors who did not file a UCC-1 in the Sports Authority Chapter 11, you may not be so lucky.
Never assume that it is not necessary to properly perfect a consignment arrangement by filing a...more
2/24/2022
/ Article 9 ,
Bankruptcy Code ,
Chapter 11 ,
Commercial Bankruptcy ,
Creditors ,
Debtors ,
Inventory ,
Liens ,
Sports Authority ,
Uniform Commercial Code (UCC) ,
Vendors
With Covid-19 wreaking havoc on global supply chains, vendors continue to face some difficult choices. Modifying the credit terms of contracts with struggling customers and even withholding credit is probably prudent. It’s...more
Periods of uncertainty and distress create many questions that businesses must answer. Will they have the human resources and materials with which to produce goods and perform services for your customers? Will their customers...more
Successful Chapter 11s for retailers have become few and far between. Sears, Toys "R" Us, Barneys New York, Forever 21, Coldwater Creek, Fred's, Fairway and A&P are just a few examples of recent retail...more
3/5/2020
/ Administrative Bankruptcy Claims ,
Bankruptcy Reform ,
Commercial Bankruptcy ,
Corporate Restructuring ,
Creditors ,
Distributors ,
Financing ,
Liquidation ,
Retailers ,
Risk Assessment ,
Risk Mitigation ,
Sears ,
Toys R Us ,
Vendors