Christopher T Greco Spencer A Winters

June 07, 2019 | New York Law Journal

In this article, the authors discuss the successful going-concern sale of mall-based retailer Things Remembered, which stands as a testament to the benefits of the Chapter 11 process and the commercial and practical approach that must be utilized in large retail Chapter 11 cases. This case demonstrates that going-concern retail sales are possible to save businesses, even in the current retail climate, if debtors can articulate a sufficient business need for speed.

By Christopher T. Greco, Spencer A. Winters and Derek I. Hunter

8 minute read