Elizabeth Vulaj, licensed Attorney in New York and New Jersey discusses the many recent Chapter 11 bankruptcy filings of large retail clothing stores and the recently updated Chapter 11 process for small businesses that is playing out amid the COVID-19 pandemic
With each passing day that the coronavirus pandemic wears on, there are new statistics in the news making headlines, not just regarding the health and well-being of citizens all across the country, but also about which latest retailer is filing for bankruptcy. This May, clothing giants JCPenney, Neiman Marcus, and J.Crew all announced they are filing for Chapter 11 bankruptcy protection (not to mention this weeks filing by RTW the parent to New York & Company), which typically in…
Read the full article at: https://www.jurist.org/commentary/2020/07/elizabeth-vulaj-what-how-why-of-chapter-11/