What the Bankruptcy Onslaught Means for the Future of Retail

Monday, May 11, 2020

Danielle Garno was quoted in The Business of Fashion explaining that retailers, healthy and distressed alike, have tapped their credit lines with banks, which are now “overextended and cautious about the sector.” “If everyone files at the same time, they’ll be fighting for the same fewer dollars,” Danielle said. The article also discusses how companies must indicate a recovery is possible within six months of filing, or creditors can urge a bankruptcy judge to force a liquidation.

To read the full article, click here.

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