Brooks Brothers Can Defer $7M Of Store Rent In Ch. 11 Case

Law360 (July 30, 2020, 6:50 PM EDT) -- Men's suit retailer Brooks Brothers Group Inc. successfully lobbied a Delaware bankruptcy judge Thursday for a deferral of $7.2 million in rent and lease obligations until early September, saying the immediate payment of the rent would scuttle its ability to complete a Chapter 11 asset sale.

Debtor attorney Robert Berezin of Weil Gotshal & Manges argued that Brooks Brothers is in the midst of a liquidity crisis brought about by the COVID-19 pandemic and is reliant on post-petition financing to fund its pursuit of an asset sale.

Forcing payment of the rent obligations would eat into the cash provided under the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!