A Not So Merry Christmas For Retailers

Law360, New York (December 11, 2008, 12:00 AM EST) -- As the worst Christmas shopping season in years continues to unfold, retailers are faced with a host of business, financial and legal threats, including a version of Chapter 11 that is far less hospitable to debtors than in past years.

Nevertheless, financially distressed retailers can still utilize Chapter 11 to maximize stakeholder recoveries, provided they can navigate the tight timeframes and overcome the additional burdens imposed when the Bankruptcy Code was amended three years ago.

Astute retailers may also use this crisis as an opportunity to...
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