Looking to Precedent to Reduce Litigation, Save More Retailers
By George Howard, Counsel, Skadden, Arps, Slate, Meagher & Flom LLP
With the surge in retailers filing for Chapter 11 over the last several years, precedents abound for the debtor-in-possession (DIP) packages put together to finance the bankruptcy cases of retail debtors. Certain patterns and common practices have begun to emerge.
A review of large retail...
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George Howard is a counsel in Skadden’s New York office, representing companies, banks, secured lenders, distressed debt investors, asset purchasers, and other significant constituencies in stressed and distressed situations, with an emphasis on out-of-court restructurings, Chapter 11 reorganizations, secured financing transactions, distressed M&A, and cross-border insolvency proceedings. Howard was selected as an emerging leader by the American Bankruptcy Institute’s 2019 40 Under 40 initiative and was named as an Outstanding Young Restructuring Lawyer in 2019 by Turnarounds & Workouts.