True Religion retail store. Photo JJava Designs/Shutterstock.com Compromise Key to Restructuring in Pandemic, True Religion Attorney Says
Lawyers who guided True Religion through one of the first retail Chapter 11 cases sparked by the pandemic, said cooperation--focused on settling with lenders who were owed $65.8 million and prioritizing paying rent for stores that closed earlier this year—was key to resolution.
October 08, 2020 at 03:06 PM
4 minute read
Using what one of the company's attorneys said was a perfect recipe of give and take from all sides, True Religion Inc. has finished its reorganization plan just under six months after filing for Chapter 11 bankruptcy as a result of the COVID-19 pandemic.
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