Retailers Using Chapter 11 To Break Lease Agreements
PYMNTS
AUGUST 7, 2020
If this becomes a tsunami of retailers rejecting their leases, it’s going to trigger another part of the sea change — the mortgages held by the landlords.”. Sometimes bankruptcy is the most advantageous way to get out of those leases,” he said, noting that some large retailers answer to hundreds of different landlords.
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