News & Events

Chuck E Cheese Owner Is Latest Major Retailer Allowed to Suspend Rent in Chapter 11

A U.S. bankruptcy judge granted approval for the parent company to not pay rent for the time being.

Pier 1 Imports Names Bidder Willing to Pay $20 Million for E-Commerce, Brand

Home furnishings retailer Pier 1 Imports Inc. found a would-be buyer offering more than $20 million.

Illinois Bankruptcy Court Finds that Force Majeure Clause in a Lease was Triggered by Shutdown Order Due to COVID-19

An analysis of a recent bankruptcy decision regarding enforcement of commercial lease terms and force majeure clauses.

Substantial Increase in Consumer and Commercial Bankruptcies Anticipated As Businesses Reopen – Eric Horn Explains Why

Partner Eric Horn shares his thoughts with The Street regarding the potential uptick in consumer and commercial bankruptcy filings once stores reopen.

The Dotted Line: How will clients approach contracts post-pandemic?

A look ahead to what kind of contract terms construction companies could face in the future.

Is there a Future for Retail after COVID-19: A Look at Modell’s and Pier 1 and their Bankruptcy Proceedings

This article discusses the impact of the COVID-19 pandemic on the retail industry and retail bankruptcy cases.

Debtors Not Required to Engage in Current Business Activities to be Eligible for Chapter 11 Relief Under Small Business Recovery Act

Does a Chapter 11 debtor’s business have to be currently operating in order to qualify for Chapter 11 relief?

Bankruptcy Judge Allows Pier 1 to Avoid Paying Rent During Pandemic

Home goods retailer Pier 1 Imports can keep not paying its rent and delay making other payments.

Pier 1 Imports Allowed to Sidestep Rent as Coronavirus Affects Court Ruling – Bankruptcy Cases Put on Hold During the Pandemic

A federal judge ruled that home goods retailer Pier 1 Imports doesn't have to pay rent.

The CARES Act – A Bankruptcy Lifeline to Small Businesses

The CARES Act made important changes to Chapter 11 of the Bankruptcy Code.