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Retail bankruptcies are back, driven by high labor costs, rising inflation, and maturing debt. Even if a bankruptcy is a "financial restructuring," you can count on the bankrupt tenant...
Retail bankruptcies are back, driven by high labor costs, rising
inflation, and maturing debt. Even if a bankruptcy is a
“financial restructuring,” you can count on the
bankrupt tenant using the bankruptcy code to reject, renegotiate,
or sell some of its leases. Additionally, there may be a
“going out of business sale” on your property or you
may end up with a new tenant.
In this episode, Eric
Greenberg and James
O'Brien talk with Bill
Hanlon about what you can do before, during, and after a
bankruptcy to minimize harm to your operations.
The Property Line is a brief and lively discussion of the
biggest issues facing the commercial real estate industry. The
podcast will deliver insights from Seyfarth's real estate
lawyers and other industry leaders on current market trends and how
they impact all facets of commercial real estate.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.