Retail Woes: A Running List of Fashion & Retail Bankruptcies
The Fashion Law
JUNE 10, 2021
For the uninitiated, Chapter 11 bankruptcy – one of the most commonly utilized forms of bankruptcy – allows a company to continue operating while it executes a reorganization plan. This is followed by the debtor proposing and executing a reorganization plan, which may be used to compromise or even eliminate certain classes of debt.
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