Kmart Confronts Possible Bankruptcy, Landlords Wary
May 12, 2017
The troubled retailer knows it’s “heading for that blue light special in the sky,” says this post from Shumaker, Loop & Kendrick attorneys, citing the company’s own public statement earlier this year, expressing “substantial doubt” that it will be able to continue as a going concern. This puts the company’s many landlords in a challenging position. The authors look at a range of options they might pursue in order to improve their position or avoid being dragged into the proceedings.
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