Bankruptcy and the Collapse of Brick and Mortar Retail

retail-bankruptcy

Growing Trends in Commercial Bankruptcy

As we look back on 2017, an alarming trend thrusts itself into the spotlight of all things bad. That is, the collapse of the brick and mortar retailer. Unfortunately, this trend is not slowing down in 2018 with an anticipated 33% jump in store closures and an estimated 25 major retailers filing for bankruptcy. It’s easy to see the reasons behind this crash. The online market place makes life easy and everything accessible. But where does this leave creditors, landlords and others that have a major stake in brick and mortar success? Many would say they’re stuck in an undesirable position. Fortunately, there are options for those impacted. The law firm of Wolfe, Jones, Wolfe, Hancock, Daniel & South, LLC specializes in creditor rights and landlord rights and can assist those who may be sucked into the whirlpool of bankruptcies and breached leases. For more information on bankruptcy, creditors rights, and landlord/tenant law, contact our attorneys Matt Hancock and Riley Wolfe.

Retail Bankruptcy in the News: MSN.com

DISCLAIMER: No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers.

New Updates to Official Bankruptcy Forms

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A large number of official bankruptcy forms were recently updated by the Advisory Committee on Bankruptcy Rules.  These new forms are required starting December 1, 2015.  Importantly, use of the new bankruptcy forms is required for all pending bankruptcy cases, whether filed before or after December 1, 2015. While the majority of revisions relate to those forms used by debtors, Official Forms B10, B10A and B10S-1 used by creditors to file proofs of claim have all been heavily revised in the form of Official Forms B410, B410A and B410S-1, respectively.

The new Official Forms may be found by clicking here.

Creditors with more questions on the recent updates in bankruptcy should contact our attorney, William M. Hancock, for more information.

DISCLAIMER: No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers.