Bankruptcy

Brick and Mortar Stores Struggling To Compete With Online Market

Brick and Mortar Stores Struggling To Compete With Online Market

June 26 2019| News|

For those involved in the retail industry, talk of bankruptcy has been fairly prevalent in recent months. In fact, according to Coresight Research, in 2019 alone at least seven major retailers have filed for chapter 11 bankruptcy protection. While the impacts of and reasoning for these filings often vary, the struggle for many brick and mortar storefronts to compete with online competitors is apparent.

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Houston Bankruptcy Attorneys

Boy Scouts Considering “All Available Options” Amid Financial Troubles and Lawsuits

June 12 2019| News|

It has been a rough year for the Boy Scouts of America (“BSA”). From facing an ongoing trademark infringement lawsuit filed by the Girl Scouts, to being the subject of several sexual abuse lawsuits, the organization has had to and will continue to pursue various levels of damage control. Unfortunately with legal matters like these, the financial burden can often be hard to bear—even for the most established entities.

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Houston Bankruptcy Attorneys

How Will Malls Handle Vacancies from Bankruptcies?

April 29 2019| News|

Sears, Charlotte Russe, Gymboree, and Payless ShoeSource all have one thing in common aside from being once-popular retail chains—they’ve all undergone some form of bankruptcy within the past year. With the rise of online shopping and easier access to the latest fashions and everyday things we need, most people would not bat an eye at the thought of another retailer closing its doors for good. However, what about the shopping malls that often house these closing businesses?

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Houston Bankruptcy Attorneys

The Fifth Circuit Further Clarifies When Claims Belong to a Creditor Instead of the Bankruptcy Estate

April 01 2019| News|

At the commencement of a bankruptcy case, the debtor’s legal interests become a part of the bankruptcy estate pursuant to section 541 of the Bankruptcy Code. 11 U.S.C. § 541. Causes of action that belong to the bankruptcy estate may only be pursued by the trustee so that any recovery may be split equitably among the debtor’s creditors. Where a third party’s conduct harms both a debtor and a creditor, determining whether the cause of action belongs to the bankruptcy estate or a creditor “is a recurring issue in bankruptcy law.”

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Houston Bankruptcy Attorneys

Lessons from the Sears Bankruptcy

March 06 2019| News|

Until recently, Sears department stores have been a mainstay in home and personal retail shopping for many consumers, but recent financial woes have threatened its continued existence. Following a contested sale of the bankrupt retail chain to its chairman, Eddie Lampert, it appears that the company will continue for now. The battle to preserve the retail chain offers many lessons for bankruptcy observers.

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