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

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