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Article Date: March 2020
Word Count: 130

Modell’s Landlords Object to Proposed Timeout


Modell’s creditor Remo Tartaglia Associates and other landlords filed objections to the bankrupt retailer’s plan to “mothball” stores and inventory until the coronavirus pandemic abates and GOB sales can resume. The plan requires that landlords essentially fund the suspension with two months of free rent, and provides no increased likelihood that the debtor will successfully restructure, save jobs or continue as a going concern, it ... Log in to view full article.

 


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