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Monthly Archives: September 2020

Bank9

As More Companies File for Bankruptcy, Their Employees Struggle to Follow Suit

By Bruce S. Rosenwater |

Chances are, if you’re like most people, filing for bankruptcy feels like a sort of personal failure. But it shouldn’t. Right now, hundreds of companies that have lost business due to the coronavirus are filing for Chapter 11, and in some extreme cases, Chapter 7. This leaves their employees without work and struggling with… Read More »

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Bankr26

When is it Time to Talk to a Bankruptcy Lawyer?

By Bruce S. Rosenwater |

With expanded unemployment benefits and mortgage deferments set to run out in August, many Americans will be facing a backlog of payments that they likely can’t afford. The job market hasn’t improved much, and many states remain in various stages of lockdown. Meanwhile, restaurants and bars are still closed as COVID cases spike in… Read More »

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BusBankr

Retail Bankruptcies Reach Highest Number in Over a Decade

By Bruce S. Rosenwater |

Two more retail behemoths have bitten the dust recently. Lord & Taylor and Tailored Brands have both recently filed for Chapter 11 after being crippled by COVID closures. Lord & Taylor is America’s oldest department store. It was recently purchased by Le Tote in 2019. Le Tote has also filed for Chapter 11. Tailored… Read More »

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