Abandonment Sought in Boston Multifamily Bankruptcy Case
A trustee is asking a federal bankruptcy judge to allow an approved development site in Boston’s Hyde Park neighborhood that’s been stalled since the COVID-19 pandemic to be abandoned.
Simon, Brookfield Close to Buying JC Penney Out of Bankruptcy
Mall owners Simon Property Group and Brookfield Property Partners are close to a deal to buy department store chain J.C. Penney out of bankruptcy and keep the chain running.
Lord & Taylor to Shutter, Close MA Stores
Lord & Taylor, one of the country’s oldest department store chains, is going out of business after filing for bankruptcy earlier this month.
Brooks Brothers Files for Bankruptcy
The storied Manhattan clothier Brooks Brothers is filing for bankruptcy protection.
Pier 1 to Close All Mass. Stores, Shutter Operations Nationwide
Pier 1 Imports plans to close the eight stores it operates in Massachusetts as it prepares to wind down operations nation-wide.
Experts Skeptical J.C. Penny Can Survive Despite Ch. 11 Filing
The coronavirus pandemic has pushed the storied but troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate.
Understanding Landlord and Tenant Rights in Bankruptcy
As the economy begins to come back from the initial wave of COVID-19, it is expected that commercial lease restructuring will play a major role in business survival.
Flood of Business Bankruptcies Likely in Coming Months
The billions of dollars in coronavirus relief targeted at small businesses may not prevent many of them from ending up in bankruptcy court.
Despite Free-Flowing Kombucha, WeWork Tenants Feel Unease
Beneath the work-and-play cheer, there’s unease as WeWork embarks on a painful restructuring that will include thousands of layoffs as early as this week.
Bankruptcies Are About Solutions
When companies can’t make their loan payments, that’s when bankruptcy attorneys like Andrew Lizotte step in. His experience has gained him expertise on how bankruptcies can be solved, and how banks can make their loans wisely.
Firm to Market 41 Payless Store Leases in Mass.
A New York firm has been hired to market nearly 2,600 leases from the closure of all remaining Payless ShoeSource stores in the U.S. and Canada.
Intellectual Property Collateral Presents Special Issues for Lenders
Business lenders are accustomed to making loans secured by garden-variety assets such as accounts receivable, inventory and equipment, but sometimes they are called upon to make loans where the most valuable collateral is intellectual property, namely patents, copyrights and trademarks.
Italian Restaurant Chain Bertucci’s Files for Bankruptcy
Italian casual dining chain Bertucci’s has filed for Chapter 11 bankruptcy protection and closed 15 restaurants.
AG Debuts New Initiative to Address Unaffordable Student Loans
Attorney General Maura Healey has launched a statewide Student Loan Bankruptcy Assistance Project with the Massachusetts Bar Association and the Greater Boston Chamber of Commerce.
A New Risk For Real Estate In Bankruptcy Cases
The term “substantive consolidation” is unfamiliar to most, but after a recent bankruptcy court decision in Massachusetts, it may become a household phrase when the next economic downturn inevitably arrives.
U.S. Top Court Rules Against Mass. Homeowner Over Bankruptcy Appeal
The U.S. Supreme Court on Monday ruled against a...
