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."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
