RadioShack Landlords May Dodge Losses Amid Bankruptcy
Law360, New York (February 10, 2015, 7:37 PM EST) -- While retail bankruptcies are often devastating for the lessors, many RadioShack landlords, given the rising real estate market, could get by relatively unscathed — or possibly end up in a superior position — lawyers say.
The fate of thousands of the company's stores hangs in the balance of Chapter 11 bankruptcy proceedings, and although it's unlikely landlords will markedly improve on their positions as a result, the situation could have been much more dire if the real estate market weren't as robust as it has been lately, some attorneys say.
"Usually a retail bankruptcy is nothing but a disaster for commercial...
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