During the pandemic, news of large retailers filing for bankruptcy protection seems like it's a weekly occurrence.
Some of these companies have a better chance to emerge from bankruptcy than others, according to Megan Murray, a founding shareholder of Underwood Murray. She has nearly twenty years of reorganization and workout experience.
"From a financial perspective, a company that has already been able to shed some of its more burdensome debt or recapitalized in some way has a better chance," Murray says. "Part of Stein Mart's [the Florida-based retailer that petitioned for Chapter 11] issue was that it just had leases and didn't have real estate holdings."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
