Top Bankruptcy Cases Of 2020: Midyear Report
Stephen Selbst, partner and Co-Chair of the Restructuring & Finance Litigation Department, spoke to Law360 about the landscape for retail bankruptcies amid the COVID-19 pandemic. He noted that many retailers would normally be preparing for the back-to-school and holiday shopping seasons, but are now coming in the terms with the possibility that these typically profitable periods may not move forward as they have in the past.
“There is no end in sight,” Selbst said. “There are rumors of other big retailers that are in trouble … I don't think we're at the end of that; I think we're back in the middle of that.”