The National Retail Federation has asked New Mexico to release information related to new restrictions placed on retailers and eateries as the state experiences a spike in COVID-19 cases.
Victor Sahn has specialized in bankruptcy law going on 40 years, and he says that what’s happening in retail Chapter 11 situations during the pandemic is something entirely new.
Big mall owner PREIT has filed for Chapter 11 protection to gain access to an additional $150 million to extend its debt maturity schedule and allow it to follow through with planned strategic moves.