The Dallas Morning News featured comments from partner Jason B. Binford on the state of bankruptcies in the retail industry. The publication notes that many retailers will continue to close stores this year and may file for bankruptcy.
“I think it’s going to get worse than better,” said Binford. “Bankruptcy laws became tougher in 2005. Big chains with hundreds of leases have to hire an army of lawyers and must pay vendors in full for deliveries 20 days prior to ﬁling.”
The full article can be accessed here.