Retail and Restaurant Bankruptcies: Specialized Issues for Debtors, Landlords, and Vendors
Finding Financing, Solving Inventory Issues, Franchise Agreements, Using Subchapter V
Recording of a 90-minute CLE video webinar with Q&A
This CLE course will provide counsel with the tools to address the specialized issues that arise during retail and restaurant bankruptcies. The panel will review challenges with financing, dealing with overstock and inventory issues, leases and other executory contracts, franchise agreements, vendor rights, gift cards, and other issues unique to retail and restaurant insolvencies. The panel will also address using Subchapter V and avoiding "Chapter 22."
Outline
- The upswing in retail and restaurant bankruptcies
- The Subchapter V option
- Assumption and rejection of leases: treatment of rent pre- and post-petition
- Customer incentives post-petition: gift cards and loyalty programs
- Vendors: consignment, stay relief, and other issues
- Inventory and going out of business sales
- Future trends and miscellaneous issues
Benefits
The panel will review these and other key issues:
- When is Subchapter V an option?
- What is the procedure and timing for assuming or rejecting leases in bankruptcy?
- What steps may vendors take to protect their rights to consigned goods?
- What are some constraints on going-out-of-business sales, and how are they resolved in bankruptcy?
- What novel approaches are being developed to deal with the pandemic?
Faculty
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Teri Stratton
Senior Managing Director
Hilco Corporate Finance
Ms. Stratton has significant experience providing debt advisory, equity private placements, capital markets, mergers... | Read More
Ms. Stratton has significant experience providing debt advisory, equity private placements, capital markets, mergers and acquisitions, and restructuring advisory services to companies across many industries, including consumer products (restaurants, food and agriculture), industrials and healthcare. She is a Certified Insolvency and Restructuring Advisor, a board member of the Association of Insolvency and Restructuring Advisors, and a member of the Turnaround Management Association and ABI.
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Amy E. Vulpio
Partner
White and Williams
Ms. Vulpio focuses her practice on creditor and debtor representation, bankruptcy appellate work and bankruptcy-related... | Read More
Ms. Vulpio focuses her practice on creditor and debtor representation, bankruptcy appellate work and bankruptcy-related commercial litigation. Her experience representing both creditors and debtors gives her the breadth of perspective needed to advise her clients as to the priorities and motivations of the party across the table. Using this understanding, Ms. Vulpio works closely with her clients to formulate creative legal strategies and helps her clients achieve their goals through negotiation or litigation.
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