US Column: A Tutorial For Vendors Dealing With Insolvent Customers

Shumaker, Loop & Kendrick, LLP
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On 5 May 2025, Rite Aid filed its second Chapter 11 proceeding less than 2 years after its first. Rite Aid is the 3rd largest pharmacy or “drug store” chain in the US, with over 2000 stores before its Chapter 11 filing. It’s largest vendor, McKesson Corporation, is reported to be the largest distributor of pharmaceuticals in North America, responsible for one third of all prescription medications delivered in the US.

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