Modell’s Asks Court to Suspend Bankruptcy
With its liquidating sales forced to close by the spread of Covid-19, the bankrupt retailer asked for a 60-day suspension in the case, during which it would “mothball” its stores and hopefully preserve as much value as possible for delayed GOB sales. Most states with Modell’s stores, including PA, NY, NJ, CT, MA and DE, have ordered the closure of all non-essential businesses. ... Log in to view full article.