Togut, Segal & Segal LLP provides cost-effective and creative counsel for retail chains in Chapter 11. Our attorneys have served as lead counsel or co-counsel in several major retail bankruptcies involving national or regional companies.
Our law firm is familiar with the challenges that retailers face in Chapter 11 today. Because cash collateral financing can be very difficult to obtain, the debtor might not be able to buy enough inventory to maintain sales revenues to support operations. Alternative sources of short-term credit can be hard to come by under current strict lending conditions, and the debtor might well be forced to consider alternatives available under the Bankruptcy Code.
New York City Lawyers Serving Business Bankruptcy Clients
As a practice focused exclusively on imaginative uses of the Bankruptcy Code, we know how to maximize asset values while keeping administrative expenses to a minimum. Our firm is also free of the standing relationships with lenders and major creditors that can generate conflicts of interest. Our strategic advice is independent, vigorous, creative and cost-effective.
Contact our New York law office online today, or call 212-594-5000 to schedule an initial consultation with an experienced attorney.
A History of Success in Chapter 11 Cases
Representative retail and jeweler bankruptcies include:
- Loehmann's: Sole counsel to the women's fashion apparel clothing chain that operated 48 retail stores in major metropolitan areas.
- Ames Department Stores: Co-counsel to the debtors, the largest regional discount retailer in the United States before ceasing operations, and the first Chapter 11 case in which a plan restructuring more than $1 billion in debt was confirmed.
- Winn-Dixie: Conflicts counsel to the 485-store supermarket chain.
- Joan and David Helpern Inc.: Sole counsel to the owner/operator of the Joan & David luxury footwear and accessory retail chain with more than 55 stores located worldwide.
- Loews Cineplex Entertainment: Co-counsel to the debtor, one of the nation's largest motion picture theater exhibition companies.
- FFJS (f/k/a/ Fortunoff Fine Jewelry and Silverware, LLC): Lead counsel in the successful sale as a going concern of the nationally known retailer, Fortunoff.
- Arrowhead Jewelry
- Fred Leighton: Represented the purchaser of substantially all of the debtor's assets and business rights.
NYC Attorneys Serving Retailers and Jewelers in Bankruptcy Proceedings
Contact Togut, Segal & Segal at our New York City offices to learn more about our law firm's experience with complex Chapter 11 bankruptcies in the retail sector.